HENDERSONVILLE, Tennessee—STR data for 2-8 August 2020 shows a continued steady rise in Canada’s hotel performance but the same significant level of year-over-year declines.
In comparison with the week of 4-10 August 2019, the industry reported the following:
- Occupancy: -48.6% to 39.9%
- Average daily rate (ADR): -28.6% to CAD132.53
- Revenue per available room (RevPAR): -63.3% to CAD52.85
British Columbia was the only province to reach a 50% occupancy level (50.2%).
Two additional provinces reached a 40% occupancy level: Manitoba (42.4%) and Ontario (40.4%).
Ottawa (38.9%), Edmonton (34.9%) and Vancouver (35.1%) were the only major markets at or above the 30% mark.
The lowest occupancy among provinces was reported in Newfoundland and Labrador (31.7%). At the market level, the lowest occupancy was seen in Montreal (20.3%).
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.