Traveller Accommodation Services Price Index, fourth quarter 2019
The Traveller Accommodation Services Price Index (TASPI) fell 20.9% in the fourth quarter. The TASPI has decreased in the fourth quarter every year since its inception, as lower seasonal demand typically drives down accommodation prices in the fall and winter.
Both leisure (-22.2%) and business (-19.5%) clients paid lower prices in the fourth quarter.
Lower prices in British Columbia and Ontario contributed the most to the decreases for both business and leisure.
The TASPI declined 3.4% in the fourth quarter of 2019 compared with the same quarter in 2018. Lower prices for both leisure (-2.4%) and business (-4.5%) clients contributed to the year-over-year decrease.
Eight provinces and two territories reported lower prices, led by Ontario (-5.7%) and Alberta (-6.0%). These declines were partially offset by higher prices in British Columbia (+2.7%), Prince Edward Island (+5.6%) and Nunavut (+9.5%).
Note to readers
The fourth quarter of 2019 reference period marks the final release of the Traveller Accommodation Services Price Index as the program has been discontinued. Alternative data: Consumer Price Index, table 18-10-0004-01, Traveller accommodation, v41691191.
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 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.
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).