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Nanaimo Tourism Bulletins

Nanaimo Tourism Bulletins

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.

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July 31, 2018 by admin

According to the realtor, the owners of the property at 15 Front Street have decided to sell due to increased construction costs (projected costs are now over $13 million, a significant increase from the $8 million that was budgeted) and the inability to find a hotel operator. The property owners had been granted a 10-year tax exemption as long as building was taking place on the property before the end of this year.

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June 29, 2018 by admin

After a slow first quarter for Nanaimo’s accommodation sector, both April and year-to-date accommodation indicators have improved relative to the same periods last year. The April occupancy rate was up by almost 2% to just over 74% for the month. The ongoing strong performance of the Nanaimo Airport (up 10.6% YTD) continues to confirm the need for and value of current airport expansion activities.

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June 15, 2018 by admin

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