|
|
|
April is 50.4% for All of Canada April 2003 Year-to-Date The Canadian Lodging Outlook is a joint monthly publication of Smith Travel Research and HVS International, Vancouver and Toronto, Canada |
| By: Elizabeth D. MacDonald, MAI, AACI - HVS International - Canada
Year-to-date occupancy through April is 50.4% for all of Canada, compared to 52.4% for the same period last year. Good news, the average room rate is up, at $105.07 year-to-date 2003, compared to $103.32 for the same period last year. Occupancy is down in the United States (US) as well; year-to-date through April occupancy was 55.7% compared to 56.9% for the same period in 2002. Interestingly enough, the average room rate in the US has declined compared to an increase in the average room rate in Canada. The average room rate in the US for the first four months was $84.31, compared to $85.07 for the same four months in 2002. Randy Smith of Smith Travel Research has commented on the positive room rate integrity in Canada, as compared to the continuing decline in the US. Two major Canadian cities are actually reporting increases in occupancy and room night demand. Halifax year-to-date is reporting a market occupancy of 59.5%, compared to 57.7% for the same period last year. The city also reported an increase in room night demand of 8.2% as well as an increase in room supply of 5.0%. Average room rate was $106.56, compared to $100.31 for the same four months in 2002. Ottawa is also reporting an increased in occupancy at 57.9% for the first four months of 2003, compared to 56.8% for the same period in 2002. Room night demand was up 3.1%, and the rooms supply was up 1.3%. The average room rate was $125.34 as compared to $124.43 for the same period in 2002. The market with the highest occupancy through April 2003 was the Toronto Airport at 64.5%. This was a decline from 2002 when occupancy was reported at 65.2%. The average room rate in this market declined to $109.85 compared to $113.53 for the same period in 2002. The market with the second highest occupancy was Edmonton at 61.5%, also down from 73.0% for the same period the last year. The good news, is the average room rate increased in Edmonton to $96.73 from $89.84. Not surprisingly, Downtown Toronto reported a 9.3% decline in room night demand for the first four months. Occupancy was reported at 54.0% year-to-date, compared to 59.5% for the same period in 2002. Revenue per available room (RevPAR) was reported at $77.67 for the first four months, compared to $89.42 in 2002, a decline of over 13.0%. Markets that appear to be holding their own in terms of RevPAR include Quebec City, Regina/Saskatoon, Calgary, and Victoria. The largest RevPAR in the country continues to be the Alberta Mountain Region at $95.17, even with a decline in room night demand of 6.3%. |
|
Year to Date |
Number
of Rooms |
Occupancy Rate 2003 | Occupancy Rate 2002 | Average Room Rate 2003 | Average Room Rate 2002 | RevPAR 2003 | RevPAR 2002 | Room Supply % Change | Room Demand % Change |
| Nova Scotia Area | 1,528 | 48.1% | 48.6% | $75.30 | $73.37 | $36.22 | $35.66 | 0.0% | -1.0% |
| Halifax, NS | 2,077 | 59.5% | 57.7% | $106.56 | $100.31 | $63.40 | $57.88 | 5.0% | 8.2% |
| Montreal, QC | 14,240 | 56.1% | 57.1% | $127.80 | $127.35 | $71.70 | $72.72 | 0.5% | -1.4% |
| Quebec City, QC | 3,590 | 54.2% | 54.6% | $112.18 | $109.36 | $60.80 | $59.71 | 0.0% | -0.7% |
| Quebec Area | 3,347 | 48.5% | 47.2% | $84.26 | $79.98 | $40.87 | $37.75 | 0.0% | 2.8% |
| Toronto Downtown | 11,467 | 54.0% | 59.5% | $143.84 | $150.29 | $77.67 | $89.42 | 0.0% | -9.3% |
| Toronto North/East | 6,633 | 47.2% | 51.8% | $107.52 | $109.09 | $50.75 | $56.51 | 6.9% | -2.7% |
| Toronto Airport/West | 6,280 | 64.5% | 65.2% | $109.85 | $113.53 | $70.85 | $74.02 | -1.9% | -2.9% |
| Ottawa, ON | 7,652 | 57.9% | 56.8% | $125.34 | $124.43 | $72.57 | $70.68 | 1.3% | 3.1% |
| Ontario East | 3,670 | 45.9% | 46.9% | $85.95 | $82.81 | $39.45 | $38.84 | 0.1% | -2.0% |
| Ontario Southwest | 7,240 | 55.9% | 54.9% | $94.34 | $93.19 | $52.74 | $51.16 | 0.4% | 2.1% |
| Ontario North | 4,947 | 50.3% | 48.8% | $85.03 | $82.65 | $42.77 | $40.33 | 0.3% | 3.5% |
| Niagara Falls, ON | 6,298 | 41.0% | 41.8% | $91.07 | $92.61 | $37.34 | $38.71 | 0.0% | -2.0% |
| Ontario Central | 7,468 | 52.5% | 54.6% | $98.17 | $95.88 | $51.54 | $52.35 | 2.3% | -1.6% |
| Winnipeg, MB | 3,503 | 54.2% | 57.6% | $90.66 | $89.05 | $49.14 | $51.29 | 2.5% | -3.7% |
| Regina/Saskatoon, SK | 3,608 | 57.2% | 57.9% | $86.97 | $83.54 | $49.75 | $48.37 | 0.0% | -1.3% |
| Calgary, AB | 5,234 | 54.2% | 54.5% | $111.16 | $111.36 | $60.25 | $60.69 | 0.0% | -0.5% |
| Edmonton, AB | 4,496 | 61.1% | 73.0% | $96.73 | $89.84 | $59.10 | $65.58 | 1.1% | -15.4% |
| Alberta Area | 7,771 | 55.0% | 57.5% | $87.89 | $86.69 | $48.34 | $49.85 | 1.8% | -2.7% |
| Mountain Regions, AB | 1,942 | 55.9% | 59.7% | $170.25 | $153.57 | $95.17 | $91.68 | 0.0% | -6.3% |
| Vancouver, BC | 12,192 | 51.8% | 53.7% | $110.25 | $111.90 | $57.11 | $60.09 | 0.0% | -3.6% |
| British Columbia Area | 6,547 | 52.8% | 53.7% | $173.12 | $167.79 | $91.41 | $90.10 | 1.2% | -0.5% |
| Victoria, BC | 2,728 | 51.6% | 53.6% | $94.54 | $90.66 | $48.78 | $48.59 | -0.3% | -4.1% |
| Provinces | |||||||||
| Alberta | 19,443 | 56.4% | 60.8% | $105.00 | $100.61 | $59.22 | $61.17 | 1.2% | -6.2% |
| British Columbia | 22,747 | 51.9% | 53.6% | $124.87 | $123.64 | $64.81 | $66.27 | 0.5% | -2.7% |
| Manitoba | 3,766 | 54.0% | 57.8% | $90.13 | $87.76 | $48.67 | $50.73 | 2.1% | -4.6% |
| New Brunswick | 2,888 | 54.9% | 52.5% | $84.94 | $84.93 | $46.63 | $44.59 | 0.4% | 5.1% |
| Newfoundland | 1,521 | 52.1% | 56.3% | $99.12 | $98.09 | $51.64 | $55.22 | 0.0% | -7.4% |
| Nova Scotia | 3,605 | 54.7% | 54.0% | $95.01 | $90.40 | $51.97 | $48.82 | 1.4% | 2.8% |
| Northwest Territories | INS | INS | INS | INS | INS | INS | INS | INS | INS |
| Ontario | 60,693 | 52.8% | 54.7% | $110.34 | $112.41 | $58.26 | $61.49 | 0.8% | -2.6% |
| Prince Edward Island | 889 | 34.2% | 34.8% | $64.19 | $65.32 | $21.95 | $22.73 | 0.0% | -1.7% |
| Quebec | 22,139 | 54.4% | 54.5% | $118.99 | $117.74 | $64.73 | $64.17 | 0.2% | 0.0% |
| Saskatchewan | 4,984 | 51.8% | 53.0% | $81.59 | $78.38 | $42.26 | $41.54 | 0.0% | -2.2% |
| Yukon Territory | 181 | INS | INS | INS | INS | INS | INS | INS | INS |
| Canada | 142,856 | 50.4% | 52.4% | $105.07 | $103.32 | $52.96 | $54.14 | 0.7% | -3.1% |
| SALIM GULAMANI MOVES TO TORONTO
We are pleased to announce thatn our senior associate Salim Gulamani has transferred to our Toronto office. He can be reached at 416- 686-2260 ext. 22. He joins other members of the Toronto office including Monique Rosszell and Selina Lai. VANCOUVER UPDATE
|
|
Selina Lai HVS International � Canada 2120 Queen St. East, Suite 202 Toronto, ON M42 1E2 (416) 686-2260, ext 21 (416) 686-2264 FAX [email protected] www.hvsinternational.com |