Industry Update
Press Release14 May 2020

STR: Canada Hotel Results For Week Ending 9 May

share this article
1 min
Str bis

HENDERSONVILLE, Tennessee - The Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 3-9 May 2020, according to data from STR.

Advertisements

In comparison with the week of 5-11 May 2019, the industry reported the following:

  • Occupancy: -73.9% to 17.5%
  • Average daily rate (ADR): -37.7% to CAD101.47
  • Revenue per available room (RevPAR): -83.7% to CAD17.75

Among the provinces and territories, Newfoundland and Labrador experienced the largest decline in occupancy (-86.0% to 7.1%).

British Columbia posted the steepest drop in ADR (-44.4% to CAD107.58).

Quebec reported the largest decrease in RevPAR (-88.4% to CAD12.66).

Among the major markets, Ottawa saw the largest drop in occupancy (-83.2% to 14.2%).

Vancouver registered the steepest decline in ADR (-49.1% to CAD117.50).

Toronto recorded the largest decrease in RevPAR (-91.1% to CAD15.45).

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.

Contact
Haley Luther
Communications Coordinator
Phone: +1 615 824 8664 ext. 3500
Send email
Latest News
Advertisements