STR: Canada hotel results for week ending 21 November
During the week of 15-21 November, Canadian hotel occupancy decreased 55.6% to 27.8%, ADR dipped 27.4% to 108.05 Canadian dollars ($83.03) and RevPAR declined 67.8% to CA$30 ($23.05).
HENDERSONVILLE, Tennessee - STR data for 15-21 November 2020 showed flat occupancy from the previous week for Canada's hotel industry.
- Occupancy: 27.8% (-55.6%)
- Average daily rate (ADR): CAD108.05 (-27.4%)
- Revenue per available room (RevPAR): CAD30.00 (-67.8%)
Occupancy for previous weeks came in at 27.8% (14 November), 29.4% (7 November), and 29.2% (31 October), respectively.
For the week ending with 21 November, Nova Scotia recorded the highest occupancy level (33.4%) among the provinces.
Among the major markets, Vancouver (28.1%) saw the highest occupancy level for the week.
The lowest occupancy among provinces was reported in Quebec (18.0%). At the market level, the lowest occupancy was reported in Montreal (15.2%).
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.