Market Report Canada

Canadian Hotel Occupancy Drops 3.1% to 61.4% For Week Ending 22 March 2014

Revenue per available room decreases 1.0% to CAD$79.50

STR The Canadian hotel industry reported mixed results in the three key performance metrics during the week of 16-22 March 2014, according to data from STR. 

In year-over-year comparisons, occupancy fell 3.1 percent to 61.4 percent; average daily rate increased 2.1 percent to CAD$129.50; and revenue per available room decreased 1.0 percent to CAD$79.50.

Among the provinces, Prince Edward Island reported the highest increase in occupancy, up 12.0 percent to 32.9 percent. Three provinces reported occupancy decreases greater than 10 percent, with Nova Scotia experiencing the greatest loss (-15.8 percent to 55.7 percent).

While most provinces experienced flat to moderate ADR growth, British Columbia reported a 10.7-percent gain to CAD$138.28. Only two provinces experienced declines: Prince Edward Island (-3.6 percent to CAD$82.90) and Nova Scotia (-2.7 percent to CAD$112.09).

British Columbia experienced the largest RevPAR increase (+18.7 percent to CAD$86.09), driven by both strong occupancy and ADR growth. The greatest decline in RevPAR was reported by Nova Scotia (-18.0 percent to CAD$62.49). 

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