August 2018 - Record Hotel Occupancy for August!

92.62% occupancy for Victoria is the highest average monthly rate for the City that we have ever seen. Some factors affecting performance for August include the impact of the forest fires and smoke in the interior of BC diverting travel to the island as well as great weather. We also saw strong growth in the Average Daily Rate which increased by $24.26 as well as RevPAR , up $26.27, over August of 2017.

  • Stats Canada celebrated World Tourism Day with the release of their Q2 2018 tourism indicators. The data shows that tourism continues to perform well and is a vital contributor to the national economy. In the first half of 2018 tourism directly accounted for 733,800 jobs, and $18.7 billion of Canada’s GDP (an increase of 6.2% over the first half of 2017). Furthermore, tourism spending in the same time frame was $43.8 billion, an increase of 5.7% over 2017.
  • The craft brewing and distilling industry continues to grow in Victoria – Merridale, the Cobble Hill-based cidery has announced plans for a new brewhouse and distillery in Victoria at 356 Harbour Road in the Dockside Green development. The new facility will include a four-storey brewhouse and distillery with a full-service kitchen, taproom, retail space and 40-seat rooftop patio. Merridale hopes to open the new building by Fall of 2019.
  • The IMPACT Tourism & Travel Sustainability Conference is now open for early bird registration. Join peers and stakeholders in Victoria, January 20-23, 2019 for the second annual national discussion on the tourism industry’s impact on Canada’s economic, social, environmental and cultural fabric. To learn more and register for next year’s conference, visit impactnational.ca.

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