During the week of 17-23 May, Canadian hotel occupancy dropped 71.5% to 18.9%, ADR declined 39.3% to 101.99 Canadian dollars ($74.07) and RevPAR fell 82.7% to CA$19.28 ($14).
STR data for 17-23 May 2020 shows Canadian hotel performance up slightly from previous weeks with the same significant level of year-over-year declines.
In comparison with the week of 19-25 May 2019, the industry reported the following:
- Occupancy: -71.5% to 18.9%
- Average daily rate (ADR): -39.3% to CAD101.99
- Revenue per available room (RevPAR): -82.7% to CAD19.28
The previous three weeks produced absolute occupancy levels of 18.4%, 17.5% and 16.6%.
British Columbia (22.8%) and Saskatchewan (20.2%) were the only two provinces with occupancy of at least 20.0%. Vancouver was the only major market above that mark.
The lowest occupancy among provinces was reported in Newfoundland and Labrador (9.6%). At the market-level, the lowest occupancy was seen in Calgary (10.5%).
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 www.costargroup.com.