STR: Canada Hotel Results For Week Ending 14 November
HENDERSONVILLE, Tennessee - STR data for 8-14 November 2020 showed slightly lower occupancy from the previous week for Canada's hotel industry.
- Occupancy: 27.8% (-53.5%)
- Average daily rate (ADR): CAD110.36 (-25.9%)
- Revenue per available room (RevPAR): CAD30.70 (-65.5%)
Occupancy for previous weeks came in at 29.4% (7 November), 29.2% (31 October), and 31.1% (24 October), respectively.
For the week ending with 14 November, Nova Scotia recorded the highest occupancy level (35.0%) among the provinces.
Among the major markets, Vancouver (29.0%) saw the highest occupancy level for the week.
The lowest occupancy among provinces was reported in Quebec (17.7%). At the market level, the lowest occupancy was reported in Montreal (14.8%).
About STR
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.