STR: Canada Hotel Results For Week Ending 10 October
HENDERSONVILLE, Tennessee - STR data for 4-10 October 2020 showed slightly lower performance from prior weeks for Canada's hotel industry.
- Occupancy: 32.2% (-54.0%)
- Average daily rate (ADR): CAD115.03 (-27.9%)
- Revenue per available room (RevPAR): CAD37.09 (-66.8%)
Occupancy for previous weeks came in at 34.0% (3 October), 35.6% (26 September), and 37.0% (19 September), respectively.
For the week ending with 10 October, British Columbia (41.2%) was the only province to reach or surpass a 40% occupancy level.
Among the major markets, Vancouver saw the highest occupancy level (33.3%).
The lowest occupancy among provinces was reported in Quebec (17.2%). At the market level, the lowest occupancy was reported in Montreal (13.5%).
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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