Victoria Tourism Bulletin October 2019
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.
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.
As predicted by industry leaders, tourism performance data is showing a leveling off of the very significant growth that we witnessed in 2018. The numbers are still strong, and we expect that the rest of the year will follow this growth plateau pattern.
With strong tourism performance on all fronts and a forecast of a vibrant tourist year, staff shortages will be at critical levels this season. Consider attending or participating in the Work BC Job Fair, April 10th, 1-4 pm at the Central Baptist Church, 833 Pandora Ave.