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.