STR: Canada Hotel Results — Photo by HHN

HENDERSONVILLE, Tennessee - The Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 10-16 May 2020, according to data from STR.

In comparison with the week of 12-18 May 2019, the industry reported the following:

  • Occupancy: -72.5% to 18.4%
  • Average daily rate (ADR): -38.8% to CAD101.70
  • Revenue per available room (RevPAR): -83.2% to CAD18.75

Among the provinces and territories, Newfoundland and Labrador experienced the largest decline in occupancy (-83.6% to 8.5%).

Quebec posted the steepest drop in ADR (-46.3% to CAD96.60) and RevPAR (-89.5% to CAD14.77).

Among the major markets, Calgary saw the largest drop in occupancy (-82.1% to 10.4%).

Montreal registered the steepest decline in ADR (-51.9% to CAD94.90) and one of the largest decreases in RevPAR (-90.1% to CAD16.74).

Toronto matched for the other steepest drop in RevPAR (-90.1% to CAD15.92).

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 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.

Haley Luther
Communications Coordinator
+1 615 824 8664 ext. 3500
STR