STR: Canada Hotel Results For Week Ending 25 July
Canadian hotel occupancy fell 54.6% to 35.4% during the week of 19-25 July as ADR decreased 30.5% to 126.07 Canadian dollars ($93.69) and RevPAR declined 68.4% to CA$44.66 ($33.19).
HENDERSONVILLE, Tennessee - STR data for 19-25 July 2020 shows a continued steady rise in Canada's hotel performance but the same significant level of year-over-year declines.
- Occupancy: -54.6% to 35.4%
- Average daily rate (ADR): -30.5% to CAD126.07
- Revenue per available room (RevPAR): -68.4% to CAD44.66
Two provinces reached a 40% occupancy level: British Columbia (46.1%) and Manitoba (41.8%).
Ottawa (32.6%) and Vancouver (32.2%) were the only major markets at or above the 30% mark.
The lowest occupancy among provinces was reported in Newfoundland and Labrador (28.0%). At the market level, the lowest occupancy was seen in Montreal (18.0%).
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.
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