Traveller Accommodation Services Price Index, third quarter 2019
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The Traveller Accommodation Services Price Index (TASPI) rose 11.1% in the third quarter. The TASPI has increased in the third quarter every year since its inception, as higher seasonal demand typically drives up accommodation prices in the spring and summer.
Both leisure (+12.2%) and business (+9.9%) clients paid higher prices in the third quarter.
Higher prices in Ontario contributed the most to the increases for business and leisure, while lower prices in Manitoba had a moderating effect.
The TASPI fell 1.5% in the third quarter of 2019 compared with the same quarter in 2018. Lower prices for both leisure (-2.5%) and business (-0.5%) clients contributed to the year-over-year decrease.
Eight provinces and two territories reported lower prices, led by Ontario (-1.9%). These declines were slightly offset by higher prices in British Columbia (+0.1%), Prince Edward Island (+0.8%) and Nunavut (+8.4%).
Note to readers
The Traveller Accommodation Services Price Index 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, and the 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 its importance in the basket, as measured by weight.
The index is not subject to revision and is not seasonally adjusted.
Statistics Canada has launched the Producer Price Indexes Portal as a part of a suite of portals for the prices and price indexes. This webpage provides Canadians with a single point of access to a wide variety of statistics and measures related to producer prices. The portal offers an array of information on topics such as manufacturing, construction, professional services, distributive trades and financial services. The portal will be continually updated as new information becomes available.
The video "Producer Price Indexes" is available on the Statistics Canada Training Institute webpage. It provides an introduction to Statistics Canada's producer price indexes—what they are, how they are made and what they are used for.
A Historical Timeline of Canadian Producer Price Statistics
The research paper "A Historical Timeline of Canadian Producer Price Statistics," part of the Prices Analytical Series (), 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?" and "What do Canadian producer price indexes measure?" 62F0014M
Infographic: Producer Price Indexes at a Glance
The infographic "Producer Price Indexes at a Glance," part of the series 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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