Market Report Canada

Canadian Hotel Occupancy Up 3.4% to 82.4% For Week Ending 23 August 2014

Revenue per available room increases 8.1% to CAD$119.53

Smith Travel Research The Canadian hotel industry reported increases in the three key performance metrics during the week of 17-23 August 2014, according to data from STR.

In year-over-year comparisons, occupancy increased 3.4 percent to 82.4 percent; average daily rate was up 4.6 percent to CAD$145.01; and revenue per available room increased 8.1 percent to CAD$119.53.

Among the provinces, New Brunswick reported the highest occupancy increase for the week, up 11.0 percent to 87.3 percent. The only provinces to report occupancy decreases were Saskatchewan (-4.8 percent to 70.2 percent) and Alberta (-2.6 percent to 78.8 percent).

Newfoundland and Labrador experienced the only double-digit ADR increase, up 10.3 percent to CAD$168.06. Manitoba (-0.4 percent to CAD$113.34) and Saskatchewan (-0.1 percent to CAD$131.08) posted the only ADR declines.

Quebec reported RevPAR growth of 20.0 percent to CAD$137.09, bolstered by occupancy and ADR growth in excess of 9.0 percent. Saskatchewan experienced the largest RevPAR decrease, down 4.9 percent to CAD$91.97. 

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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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