Traveller Accommodation Services Price Index, fourth quarter 2017
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Released: 2018-02-09
The Traveller Accommodation Services Price Index (TASPI) decreased 18.5% in the fourth quarter compared with the previous quarter. This was the largest quarterly decline since the series began in 2001, reflecting low seasonal demand for accommodation services. The decline follows a third quarter where prices hit a record high.
The drop was the result of lower prices for both leisure clients (-21.1%) and business clients (-15.5%). Prices for both client types typically decrease in the fourth quarter.
Prices for traveller accommodation services decreased in every province and Yukon. British Columbia (-31.2%), Ontario (-15.0%), Quebec (-17.8%) and Alberta (-12.0%) drove the quarterly price decline.
Chart 1
Traveller Accommodation Services Price Index
Leisure clients pay lower prices everywhere except in Nunavut and the Northwest Territories
Prices paid by leisure clients fell 21.1% at the Canada level in the fourth quarter, largely due to lower prices in British Columbia (-32.2%) and Ontario (-19.0%). Prices rose in Nunavut (+1.3%) and the Northwest Territories (+0.5%).
The price index for business clients declines in every province and Yukon
Prices for business clients declined 15.5% at the Canada level in the fourth quarter, mainly due to decreases in British Columbia (-29.8%) and Ontario (-10.6%). Business clients paid higher prices in the Northwest Territories (+2.3%) and Nunavut (+1.8%).
Year-over-year change
The TASPI rose 1.4% in the fourth quarter compared with the same quarter in 2016. Higher prices for business clients (+3.1%) were responsible for the increase, as leisure prices edged down 0.1%.
The index increased in five provinces and all three territories. Higher prices in Ontario (+4.7%), Alberta (+1.5%), Nova Scotia (+6.2%) and British Columbia (+0.6%) drove the yearly rise. The gains were partially offset by lower prices in Saskatchewan (-6.9%) and Manitoba (-4.9%).
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
"A Historical Timeline of Canadian Producer Price Statistics," which is part of the Prices Analytical Series (62F0014M), 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?
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) demonstrates how producer price indexes for goods and services are calculated and why they are important for the Canadian economy.
Contact information
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