Market Report Canada

Canadian Hotel Occupancy Up 3.8% to 79.8% For Week Ending 9 August 2014

Revenue per available room increases 8.3% to CAD$116.41

Smith Travel Research The Canadian hotel industry reported increases in the three key performance metrics during the week of 3-9 August 2014, according to data from STR.

In year-over-year comparisons, occupancy increased 3.8 percent to 79.8 percent; average daily rate was up 4.3 percent to CAD$145.93; and revenue per available room increased 8.3 percent to CAD$116.41.

For the second week running, Manitoba posted the largest occupancy increase, up 16.5 percent to 67.7 percent. Newfoundland and Labrador reported the steepest occupancy decrease, down 5.7 percent to 88.6 percent.

All provinces reported ADR increases. The largest increase (+6.6 percent to CAD$135.72) was reported by Ontario. British Columbia reported the highest actual ADR of CAD$165.50, an increase of 4.2 percent.

Manitoba (+19.7 percent to CAD$76.63) and Ontario (+14.5 percent to CAD$107.11) posted the largest RevPAR increases for the week. Newfoundland and Labrador (-1.5 percent to CAD$142.21) and Saskatchewan (-1.3 percent to CAD$86.00) were the only provinces to report RevPAR losses. 

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STR provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering North America, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC and HotelNewsNow.com. For more information, please visit www.str.com.



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