Traveller Accommodation Services Price Index, second quarter 2017
The Traveller Accommodation Services Price Index (TASPI) increased 13.9% in the second quarter compared with the previous quarter.
The growth was the result of gains among both leisure clients (+15.0%) and business clients (+12.7%). The increase reflected high seasonal demand for accommodation services, something which has been observed every year since 2001.
The TASPI increased in all 10 provinces, as well as in Yukon. Rising prices in British Columbia (+25.0%), Ontario (+15.5%), Quebec (+10.7%) and Alberta (+7.4%) contributed the most to the gain. Lower prices in the Northwest Territories (-4.4%) and Nunavut (-0.1%) partially offset the increase.
Leisure clients pay higher prices, except in the Northwest Territories and Nunavut
Prices paid by leisure clients rose 15.0% at the Canada level, largely due to higher prices observed in British Columbia (+28.2%) and Ontario (+16.4%). Moderating the increase were decreasing prices in the Northwest Territories (-4.5%) and Nunavut (-0.3%).
The price index for business clients rose in nine provinces and Yukon
Prices for business clients increased 12.7% at the Canada level, mainly due to increases in Ontario (+14.7%) and British Columbia (+20.8%). These gains were partially offset by falling prices in Saskatchewan (-0.6%) and the Northwest Territories (-4.3%).
The TASPI posted a 3.7% increase in the second quarter compared with the same quarter in 2016. Prices for both the leisure (+5.0%) and business (+2.5%) client sectors rose at the Canada level.
The index increased in 11 provinces and territories. Higher prices in Ontario (+6.4%), British Columbia (+5.3%) and Quebec (+3.4%) drove this yearly rise. The gains were partially offset by lower prices in Saskatchewan (-5.3%) and the Northwest Territories (-1.6%).
Note to readers
The Traveller Accommodation Services Price Index (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 (), demonstrates how producer price indexes for goods and services are calculated and why they are important for the Canadian economy. 11-627-M
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