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

STR 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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