Market Report Canada

Canadian Hotel Occupancy Drops 0.9% to 56.4% For Week Ending 8 February 2014

Revenue per available room up 0.1% to CAD$73.02

STR The Canadian hotel industry reported mixed results in the three key performance metrics during the week of 2-8 February, according to data from STR.

In year-over-year comparisons, occupancy fell 0.9 percent to 56.4 percent; average daily rate was up 2.0 percent to CAD$129.46; and revenue per available room increased 1.0 percent to CAD$73.02.

Among the provinces, Prince Edward Island reported the only double-digit occupancy increase, jumping 36.0 percent to 35.0 percent. Manitoba (-15.4 percent to 53.8 percent), and Newfoundland and Labrador (-15.1 percent to 55.1 percent) posted the largest occupancy decreases for the week.

Prince Edward Island achieved the largest increases in both ADR (+9.5 percent to CAD$93.57) and RevPAR (+48.9 percent to CAD$32.73).

New Brunswick fell 2.8 percent to CAD$110.88 in ADR, reporting the largest decrease in that metric.

Two provinces experienced double-digit RevPAR decreases: Manitoba (-16.8 percent to CAD$61.17), and Newfoundland and Labrador (-13.2 percent to CAD$72.69). 

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