Tourism Winnipeg

The Winnipeg Barometer Report | Volume 8, 2016 9 According to PKF Consulting Inc., the forecasted demand for 2016 will remain flat, with occupancy dipping to 63%; however, the projected average daily rate (ADR) is set to increase by 2.5% from $144 to $147. RevPAR is projected to expand by an additional 2.0% to $93. Over the past few years ADR and RevPAR have seen growth. From January to October 2016, Canada's average occupancy rate stood at 65.7%, on par over the same period in 2015. Hotels with more than 500 rooms saw positive occupancy, up 2.5 points (from 73.3% to 75.8%). Medium-size hotels with 201-500 rooms and smaller hotels saw occupancy remain relatively unchanged (up 0.8 points) in a year-over-year comparison; however, hotels with under 50 rooms saw the largest decrease of 1.2 points over the same period in 2015. Resort hotels saw the highest positive growth over this time period with 64.4% occupancy, an increase of 2.7 points. The national average daily room rate grew from January to October 2016, averaging $150—an increase of 3.4% over the same period in 2015. The average daily rate growth in 2016 encompasses an 8.7% growth from resort hotels, and a 4.4% increase in full service hotels in a year-over-year comparison. As of October 2016, the national average RevPAR was up 3.4%, posting at $99. Canadian Lodging CANADA, LODGING TRENDS FORECAST Canada 2016 Forecast 2016 Forecast % Change Average Occupancy Rate 63% -1.0* Average Daily Rate $147 2.5% Average RevPAR $93 2.0% Source: PKF Consulting Inc. *point change CANADA, LODGING TRENDS, ACTUALS Canada January - October 2016 Actual Actual % Change January - October 2015 Average Occupancy Rate 65.7% 0.0* Average Daily Rate $150 3.4% Average RevPAR $99 3.4% Source: PKF Consulting Inc. *point change

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