Market Report Canada

Canadian Hotel Occupancy Up 1.6% to 82.0% For Week Ending 16 August 2014

Revenue per available room increases 7.3% to CAD$120.79

Smith Travel Research The Canadian hotel industry reported increases in the three key performance metrics during the week of 10-16 August 2014, according to data from STR.

In year-over-year comparisons, occupancy increased 1.6 percent to 82.0 percent; average daily rate was up 5.6 percent to CAD$147.33; and revenue per available room increased 7.3 percent to CAD$120.79.

All provinces except Saskatchewan (-11.1 percent to 67.2 percent) and Prince Edward Island (-3.2 percent to 93.1 percent) experienced occupancy increases. The highest increase was reported by British Columbia, where occupancy rose 4.8 percent to 91.5 percent. Newfoundland and Labrador reported the highest actual occupancy of 95.2 percent (an increase of 0.8 percent).

British Columbia (+18.1 percent to CAD$160.56) and New Brunswick (+12.7 percent to CAD$109.90) reported double-digit RevPAR growth, driven primarily by ADR. Saskatchewan was the only province to report a RevPAR decrease, down 13.8 percent to CAD$87.53). 

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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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