STR: Canada Hotel Results For Week Ending 4 July
Canadian hotel occupancy fell 59.6% to 28.9% during the week of 28 June to 4 July. ADR declined 33.1% to 121.68 Canadian dollars ($90.06) and RevPAR decreased 73% to CA$35.16 ($26.02).
HENDERSONVILLE, Tennessee - STR data for 28 June through 4 July 2020 shows Canadian hotel performance up slightly from previous weeks with the same significant level of year-over-year declines.
In comparison with the week of 30 June through 6 July 2019, the industry reported the following:
- Occupancy: -59.6% to 28.9%
- Average daily rate (ADR): -33.1% to CAD121.68
- Revenue per available room (RevPAR): -73.0% to CAD35.16
The previous three weeks produced absolute occupancy levels of 27.5%, 25.6% and 23.6%.
Two provinces reached a 30% occupancy level: British Columbia (40.8%) and Manitoba (31.3%). Vancouver (30.8%) was the only major market at or above that mark.
The lowest occupancy among provinces was reported in Prince Edward Island (15.4%). At the market level, the lowest occupancy was seen in Montreal (16.4%).
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
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+1 615 824 8664 ext. 3500
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