9 The Winnipeg Barometer Report | Volume 9, 2018
Winnipeg CMA Lodging
CBRE Hotels is forecasting the Winnipeg CMA will experience moderate
growth during 2018. Although occupancy rate is forecasted to remain
unchanged from the previous year, ADR is estimated to grow 2.5% to $129
from $126 in 2017. RevPAR is predicted to grow an additional 3.0 per cent
over last year to $92 from $89.
As of May 2018 YTD, the occupancy rate in the Winnipeg CMA stood at
66.5 per cent; down 1.3 percentage points from 67.7 per cent last year;
though, stronger than the national rate of 60.5 per cent. For the same
period, ADR in the Winnipeg CMA was $127 up from $124. The Winnipeg
CMA continues to have a lower RevPAR than the Canadian average; it
grew 1.1 per cent from the previous year to $85 from $84.
Winnipeg CMA, Lodging Trends, Forecast
Canada 2017 Actual 2018 Forecast 2018 % Change
Occupancy Rate 71% 71% 0.0
*
Average Daily Rate $126 $129 +2.5
Revenue Per Available Room $89 $92 +3.0
Source: CBRE Hotels; * Point change
Winnipeg CMA, Lodging Trends – May YTD Actual
Canada 2017 Actual 2018 Forecast 2018 % Change
Occupancy Rate 68% 67% -1.3
*
Average Daily Rate $124 $127 3.1
Revenue Per Available Room $84 $85 1.1
Source: CBRE Hotels; * Point change
