December continued the trend we have seen in the past few months with a drop in occupancy and RevPAR combined with growth in ADR. Overall, the tourism sector had a strong year, if somewhat down from 2018’s results.
The Greater Victoria Sports Tourism Commission was pleased to welcome the NCAA Victoria International Women’s Basketball Tournament at the University of Victoria November 28-20th.
Victoria will be hosting the FIBA Olympic Qualifying Tournament June 23-28, 2020. This event is expected to garner world-wide positive media attention and generate at least ,800 contracted room nights.
Q4 business at the Victoria Conference Centre is strong, and 2020 will be even stronger with up to 39 citywide conferences for an estimated 122,000 or more delegate days. This exceeds their record of 33 citywide conferences in 2018.
Victoria tourism performance continues to show some slowing compared to 2018.
Strong growth in the average daily rate continues, while occupancy continues to show some decline over last year’s peak performance.
Victoria tourism sector showing some softening compared to last year.
Hotel Room Rate is holding up well compared to 2019 and RevPAR is up again to $163 – this equals stronger profitability! BC Ferries and YYJ are stable and the cruise ship season is off to a great season!
Although we are seeing a little softening of occupancy numbers in the larger, upper tier accommodation properties compared to last year, performance is still very strong and we expect the tourism season results to be close to the 2017 and 2018 seasons.