STR: Canada Hotel Results For Week Ending 17 October
Canadian hotel occupancy fell 55% to 29.9% during the week of 11-17 October. ADR decreased 26.1% to 114.62 Canadian dollars ($87.17) and RevPAR dropped 66.7% to CA$34.24 ($26.04).
HENDERSONVILLE, Tennessee - STR data for 11-17 October 2020 showed slightly lower performance from prior weeks for Canada's hotel industry.
11-17 October 2020 (percentage change from comparable week in 2019):
- Occupancy: 29.9% (-55.0%)
- Average daily rate (ADR): CAD114.62 (-26.1%)
- Revenue per available room (RevPAR): CAD34.24 (-66.7%)
Occupancy for previous weeks came in at 32.2% (10 October), 34.0% (3 October), and 35.6% (26 September), respectively.
For the week ending with 17 October, British Columbia recorded the highest occupancy level (39.1%) among the provinces.
Vancouver (33.7%) was the only major market at or above a 30% occupancy level.
The lowest occupancy among provinces was reported in Quebec (15.6%). At the market level, the lowest occupancy was reported in Montreal (12.9%).
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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