STR: Canada Hotel Results For Week Ending 16 May
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.
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).
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