Canadian Hotels Report Slightly Lower Performance from Prior Weeks for Week Ending September 19th, 2020

Queen Elizabeth Departing Vancouver
Among the major markets, Vancouver hotels saw the highest occupancy level (35.3%).

Canadian hotel occupancy fell 52.8% to 37% during the week of 13-19 September. ADR decreased 32.2% to 121.94 Canadian dollars ($90.92) and RevPAR dropped 68% to CA$45.17 ($33.68).

STR data for 13-19 September 2020 showed slightly lower performance from prior weeks for Canada’s hotel industry. Year-over-year declines also worsened.

In comparison with the week of 15-21 September 2019, the industry reported the following:

• Occupancy: 37.0% (-52.8%)
• Average daily rate (ADR): CAD121.94 (-32.2%)
• Revenue per available room (RevPAR): CAD45.17 (-68.0%)

Occupancy for previous weeks came in at 39.8%, 41.9% and 42.1%, respectively

For the week ending with 19 September, British Columbia (46.5%) was the only province to reach or surpass a 40% occupancy level.

Among the major markets, Vancouver saw the highest occupancy level (35.3%).

The lowest occupancy among provinces was reported in Quebec (27.3%). At the market level, the lowest occupancy was reported in Montreal (20.1%).

STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.