Market Report Canada

Canadian Hotel Occupancy Drops Slightly 0.1% to 60.3% For Week Ending 6 December 2014

Revenue per available room increases 2.8% to CAD$79.82

STR The Canadian hotel industry reported mixed results in the three key performance metrics during the week of 30 November through 6 December 2014, according to data from STR, Inc.

In year-over-year comparisons, occupancy declined 0.1 percent to 60.3 percent; average daily rate was up 2.9 percent to CAD$132.32; and revenue per available room increased 2.8 percent to CAD$79.82.

Among the provinces, Prince Edward Island reported the highest occupancy increase, up 17.5 percent to 42.1 percent. Manitoba reported the steepest occupancy decline, down 14.4 percent to 61.2 percent.

All provinces except Manitoba (-8.1 percent to CAD$116.04) reported ADR increases. British Columbia (+10.3 percent to CAD$133.40) achieved the only double-digit increase for the week, followed by Prince Edward Island (+9.4 percent to CAD$97.11).

Prince Edward Island achieved the highest RevPAR increase for the week, up 28.5 percent to CAD$40.92. Manitoba (-21.3 percent to CAD$70.97) reported the steepest RevPAR decline. 

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