Market Report Canada

Canadian Hotel Occupancy Up 4.6% to 71.8% For Week Ending 11 October 2014

Revenue per available room increases 7.7% to CAD$97.20

STR The Canadian hotel industry reported increases in the three key performance metrics during the week of 5-11 October, according to data from STR, Inc.

In year-over-year comparisons, occupancy increased 4.6 percent to 71.8 percent; average daily rate was up 2.9 percent to CAD$135.36; and revenue per available room increased 7.7 percent to CAD$97.20.

Among the provinces, Prince Edward Island reported the highest increases in all three key performance metrics. Its occupancy increased 63.3 percent to 69.2 percent. The province's ADR was up 13.4 percent to CAD$116.42, while its RevPAR increased 85.2 percent to CAD$80.55.

Newfoundland and Labrador (-2.6 percent to 85.0 percent) and Saskatchewan (-2.6 percent to 69.5 percent) experienced the only occupancy declines.

British Columbia was the only province to experience an ADR decline, down 1.4 percent to CAD$129.67.

Rate growth was unable to mitigate occupancy losses in Saskatchewan, and as a result the province was the only one to experience a RevPAR decline, down 1.5 percent to CAD$93.16.


About STR

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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