Canadian Hotels Report 24.6 Percent Occupancy for Week Ending December 12th, 2020

During the week of 6-12 December, Canadian hotel occupancy fell 56.6% year over year to 24.6%. ADR declined 27.9% to 106.23 Canadian dollars ($83.57) and RevPAR dropped 68.7% to CA$26.13 ($20.56).

STR data for 6-12 December 2020 showed Canada’s hotel industry with flat occupancy compared with the previous week.

6-12 December 2020 (percentage change from comparable week in 2019):

• Occupancy: 24.6% (-56.6%)
• Average daily rate (ADR): CAD106.23 (-27.9%)
• Revenue per available room (RevPAR): CAD26.13 (-68.7%)

Occupancy for previous weeks came in at 24.7 (5 December), 25.7% (28 November), and 27.8% (21 November).

For the week ending with 12 December, British Columbia recorded the highest occupancy level (28.2%) among the provinces.

Among the major markets, Vancouver (26.4%) posted the highest occupancy level.

The lowest occupancy among provinces was reported in New Brunswick (16.9%). At the market level, the lowest occupancy was reported in Calgary (15.7%).

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.