Industry Update
Press Release29 May 2020

STR: Canada Hotel Results For Week Ending 23 May

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HENDERSONVILLE, TennesseeSTR data for 17-23 May 2020 shows Canadian hotel performance up slightly from previous weeks with the same significant level of year-over-year declines.

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In comparison with the week of 19-25 May 2019, the industry reported the following:

  • Occupancy: -71.5% to 18.9%
  • Average daily rate (ADR): -39.3% to CAD101.99
  • Revenue per available room (RevPAR): -82.7% to CAD19.28

The previous three weeks produced absolute occupancy levels of 18.4%, 17.5% and 16.6%.

British Columbia (22.8%)and Saskatchewan (20.2%) were the only two provinces with occupancy of at least 20.0%. Vancouver was the only major market above that mark.

The lowest occupancy among provinces was reported in Newfoundland and Labrador (9.6%). At the market-level, the lowest occupancy was seen in Calgary (10.5%).

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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Haley Luther
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Phone: +1 615 824 8664 ext. 3500
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