Industry Update
Press Release 8 May 2020

STR: Canada Hotel Results For Week Ending 2 May

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HENDERSONVILLE, Tennessee - Showing further COVID-19 impact, the Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 26 April through 2 May 2020, according to data from STR.

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In comparison with the week of 28 April through 4 May 2019, the industry reported the following:

  • Occupancy: -75.8% to 16.6%
  • Average daily rate (ADR): -37.5% to CAD101.69
  • Revenue per available room (RevPAR): -84.9% to CAD16.91

Among the provinces and territories, Newfoundland and Labrador experienced the largest decline in occupancy (-87.8% to 6.8%).

British Columbia posted the steepest drop in ADR (-46.7% to CAD106.94).

Quebec reported the largest decrease in RevPAR (-91.4% to CAD10.28).

Among the major markets, Montreal saw the largest drop in occupancy (-85.4% to 11.7%).

Vancouver registered the steepest decline in ADR (-51.8% to CAD115.51).

Toronto recorded the largest decrease in RevPAR (-92.0% to CAD14.02).

About STR

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.

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