STR: Canada hotel performance fell to record lows in 2020
Canada's hotel industry saw record lows in both occupancy and revenue per available room (RevPAR), according to STR's year-end 2020 data.
HENDERSONVILLE, Tennessee - Canada's hotel industry saw record lows in both occupancy and revenue per available room (RevPAR), according to STR's year-end 2020 data.
In addition to the previously mentioned historic lows, average daily rate (ADR) fell to its lowest level since 2012. Year-over-year declines were the country's worst across the three key performance metrics.
- Occupancy: 33.1% (-49.2%)
- Average daily rate (ADR): CAD130.43 (-21.0%)
- Revenue per available room (RevPAR): CAD43.11 (-59.8%)
Among the provinces and territories, Newfoundland and Labrador recorded the lowest occupancy level (24.7%), which was down 54.5% in year-over-year comparisons. The province also experienced the lowest RevPAR level (-62.5% to CAD26.95).
Among the major markets, Montreal (24.5%) saw the lowest occupancy level, down 65.7% year over year.
The highest occupancy among provinces was reported in British Columbia (-43.4% to 39.4%). At the market level, the highest occupancy was reported in Vancouver (-53.1% to 37.3%).
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