HENDERSONVILLE, Tennessee—STR data for 30 August through 5 September 2020 showed slightly lower performance from prior weeks for Canada’s hotel industry. Year-over-year declines, while improved, also remain significant.
In comparison with the week of 1-7 September 2019, the industry reported the following:
- Occupancy: -36.5% to 41.9%
- Average daily rate (ADR): -26.7% to CAD128.13
- Revenue per available room (RevPAR): -53.4% to CAD53.65
Occupancy for previous weeks came in at 42.1%, 42.9% and 41.8%, respectively
For the week ending with 5 September, two provinces reached a 50% occupancy level: Prince Edward Island (53.2%) and British Columbia (52.3%).
Ottawa (46.2%) was the only major market at or above the 40% mark.
The lowest occupancy among provinces was reported in Quebec (34.5%). At the market level, the lowest occupancy was reported in Montreal (24.5%).
Additional Performance Data
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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.