STR: Canada Hotel Results For Week Ending 3 October
Canadian hotel occupancy decreased 52.8% to 34%, ADR dipped 28.9% to 117.75 Canadian dollars ($88.91) and RevPAR fell 66.4% to CA$40.05 ($30.24).
HENDERSONVILLE, Tennessee - STR data for 27 September through 3 October 2020 showed slightly lower performance from prior weeks for Canada's hotel industry.
- Occupancy: 34.0% (-52.8%)
- Average daily rate (ADR): CAD117.75 (-28.9%)
- Revenue per available room (RevPAR): CAD40.05 (-66.4%)
Occupancy for previous weeks came in at 35.6% (26 September), 37.0% (19 September) and 39.8% (12 September), respectively.
For the week ending with 3 October, British Columbia (43.2%) was the only province to reach or surpass a 40% occupancy level.
Among the major markets, Vancouver saw the highest occupancy level (34.2%).
The lowest occupancy among provinces was reported in Quebec (19.7%). At the market level, the lowest occupancy was reported in Montreal (16.0%).
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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