Market Report Canada

Canadian Hotel Occupancy Increases 5.3% to 58.1% For Week Ending 1 February 2014

Revenue per available room up also 7.2% to CAD$75.27

STR The Canadian hotel industry reported increases in the three key performance metrics during the week of 26 January through 1 February, according to data from STR. 

In year-over-year comparisons, occupancy increased 5.3 percent to 58.1 percent; average daily rate was up 1.8 percent to CAD$129.60; and revenue per available room increased 7.2 percent to CAD$75.27.

Among the provinces, the largest occupancy increase was experienced by New Brunswick, where occupancy grew 9.3 percent to 47.6 percent. Alberta reported the highest actual occupancy of 63.9 percent (an increase of 4.7 percent). The largest occupancy decrease was reported by Newfoundland and Labrador, down 7.6 percent to 53.7 percent.  

All provinces except Prince Edward Island (-3.4 percent to CAD$96.19) and British Columbia (-0.1 percent to CAD$134.65) reported ADR growth. The largest increase was experienced by Newfoundland and Labrador, where rate grew 5.7 percent to CAD$132.76.  

New Brunswick reported the largest RevPAR increase for the week, up 9.5 percent to CAD$51.64. The largest RevPAR decrease was reported by Prince Edward Island, down 6.5 percent to CAD$40.88.  

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