Traveller Accommodation Services Price Index, third quarter 2017
The Traveller Accommodation Services Price Index (TASPI) increased 12.1% in the third quarter compared with the previous quarter.
The growth was the result of gains among both leisure (+12.3%) and business (+11.8%) clients. The increase reflected high seasonal demand for accommodation services, something observed in the third quarter of every year since 2001. Prices are typically highest in the third quarter, and hit a record high this year. This coincided with the celebrations for Canada's 150th anniversary.
The TASPI increased in eight provinces and all three territories. Higher prices in British Columbia (+19.7%), Ontario (+11.8%), Quebec (+12.5%) and Alberta (+5.5%) contributed the most to the increase. Lower prices in Manitoba (-1.6%) and Saskatchewan (-1.7%) partially offset the gains.
Leisure clients pay higher prices, except in Manitoba and Saskatchewan
Prices paid by leisure clients rose 12.3% at the Canada level, largely due to higher prices in British Columbia (+17.5%) and Ontario (+14.1%). Moderating the increase were lower prices in Manitoba (-2.1%) and Saskatchewan (-1.9%).
The price index for business clients rises in eight provinces and three territories
Prices for business clients rose 11.8% at the Canada level, mainly due to increases in British Columbia (+23.0%) and Ontario (+9.3%). The increase was partially offset by lower prices in Saskatchewan (-1.7%) and Manitoba (-0.6%).
The TASPI rose 4.4% in the third quarter compared with the same quarter in 2016. Prices for both the leisure (+3.7%) and business (+5.0%) client sectors rose at the Canada level.
The index increased in eight provinces and all three territories. Higher prices in British Columbia (+7.1%), Ontario (+4.2%), Quebec (+3.3%) and Alberta (+2.5%) drove this yearly rise. The gains were partially offset by lower prices in Saskatchewan (-4.7%) and Manitoba (-1.0%).
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.
A Historical Timeline of Canadian Producer Price Statistics
To celebrate Canada 150, A Historical Timeline of Canadian Producer Price Statistics, which is part of Statistics Canada — Infographics (), was created to showcase the key milestones in the history of Canadian producer price statistics. This historical timeline contains answers to questions such as: Who collected Canada's first statistics? What do Canadian producer price indexes measure? 11-627-M
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
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).
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