June 2018 - June Occupancy Well Up Over Last Year

June was a banner month for tourism on much of the island and this is reflected in Nanaimo’s accommodation indicators which show an 84% occupancy rate (up almost 7% over last year) and a $118 RevPAR rate (up more than $16 over last year). We anticipate that this strong performance will continue over the summer.

  • On June 1st, the BC Minister of Tourism, Arts and Culture announced the establishment of the new Minister’s Tourism Engagement Council (MTEC). This large group (28 members), comprised of tourism stakeholders from around the Province, will meet a few times each year and is tasked with helping the provincial government achieve sustainable tourism growth by advising on policies, strategies and issues that affect the industry, and by helping to set tourism priorities, goals and strategy implementation.
  • According to the UNWTO, “International tourist arrivals grew 6% in the first four months of 2018, compared to the same period last year, not only continuing the strong 2017 trend, but exceeding UNWTO’s forecast for 2018. Growth was led by Asia and the Pacific (+8%) and Europe (+7%). Africa (+6%), the Middle East (+4%) and the Americas (+3%) also recorded sound results. Earlier this year, UNWTO’s forecast for 2018 was between 4%-5%.”
  • The Province has announced changes to the MRDT program with the main changes being that AirBnB type properties must now pay PST and MRDT, and that MRDT revenue from properties that are only marketed online can be used by municipalities to support the development of affordable housing. See: www2.gov.bc.ca/assets/gov/taxes/sales-taxes/publications/notice-2018-004-pst-mrdt-accommodaton-providers.pdf

 

 

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