Traveller Accommodation Services Price Index, fourth quarter 2016
Archived Content
Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please "contact us" to request a format other than those available.
Released: 2017-02-10
The Traveller Accommodation Services Price Index (TASPI) was down 16.1% in the fourth quarter from the previous quarter, as a result of lower prices paid by leisure clients (-18.1%) and business clients (-14.0%).
The decline in the fourth quarter reflected low seasonal demand for accommodation services, following strong price gains over the summer. This was the largest quarterly drop since the fourth quarter of 2001, when the index fell 16.8%.
The TASPI was down in 10 provinces and territories. The largest contributors to the decrease were British Columbia (-26.8%), Ontario (-15.5%) and Quebec (-14.5%). Declines were also observed in Nova Scotia (-19.4%), Prince Edward Island (-17.7%), New Brunswick (-15.2%), Newfoundland and Labrador (-15.2%), Alberta (-11.1%) and Yukon (-6.4%). Higher prices in Manitoba (+3.4%) and Nunavut (+2.4%) moderated the decline.
Chart 1
Traveller Accommodation Services Price Index
Leisure clients pay lower prices, except in Manitoba and Nunavut
Prices paid by leisure clients fell 18.1% at the Canada level, largely due to lower prices in British Columbia (-28.9%), Ontario (-18.4%) and Quebec (-16.3%). Higher prices in Manitoba (+2.5%) and Nunavut (+5.6%) moderated the decline.
The price index for business clients declines in most provinces and territories
Prices for business clients decreased 14.0% at the Canada level, mainly as a result of lower prices in British Columbia (-23.7%), Ontario (-12.3%) and Alberta (-12.8%). These decreases were partially offset by higher prices in Manitoba (+4.7%).
Year-over-year change
The TASPI fell 0.1% in the fourth quarter compared with the same quarter in 2015. Lower business prices (-2.2%) were moderated by higher leisure prices (+2.1%) at the Canada level.
The TASPI decreased in Saskatchewan (-6.2%), Newfoundland and Labrador (-3.5%), Alberta (-3.1%), Ontario (-2.5%) and New Brunswick (-2.1%). The declines were partially offset by gains in Quebec (+6.5%), British Columbia (+4.3%), Yukon (+3.4%), Nunavut (+3.1%), Nova Scotia (+2.6%) and Prince Edward Island (+2.1%).
Note to readers
With the release of first quarter 2016 data, the Traveller Accommodation Services Price Index (TASPI) was redesigned to increase its relevance. The TASPI redesign included the selection of a new sample, data collection from the Internet (to reflect changes in the market and in the behavior of clients), updated basket weights and an updated estimation methodology.
As a result of the changes in methodology, users should exercise caution when comparing index levels based on the new methodology with index levels based on the old methodology.
The TASPI series were converted to 2013=100, with 2013 as the base year. The relative importance of the basket items has been updated using the 2013 annual revenues from the Annual Survey of Service Industries – Accommodation Services (2418).
Two new CANSIM tables, 332-0026 (monthly) and 332-0027 (quarterly), based on 2013=100 and using new vectors, have replaced CANSIM table 326-0013, which was archived with the release of first quarter 2016 data.
The TASPI measures the monthly and quarterly price movements of short-term accommodation services. This index reflects changes in room rates (excluding all taxes) and covers hotel and motel lodging services.
Separate index aggregations are available for Canada, the economic regions, provinces and territories, by major client group.
The contribution of a given sub-aggregate to the composite price change depends on both the price change exhibited by the sub-aggregate and on its importance in the basket, as measured by the weight.
The index is not subject to revision and is not seasonally adjusted.
Infographic: Producer Price Indexes at a Glance
The infographic, "Producer Price Indexes at a Glance," which is part of Statistics Canada — Infographics (11-627-M), is available. This infographic demonstrates how producer price indexes for goods and services are calculated and why they are important for the Canadian economy.
Contact information
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).
- Date modified: