STR: Canada hotel results for week ending 12 September
HENDERSONVILLE, Tennessee—STR data for 6-12 September 2020 showed slightly lower performance from prior weeks for Canada’s hotel industry. Year-over-year declines, while improved, also remain significant.
In comparison with the week of 8-14 September 2019, the industry reported the following:
- Occupancy: -48.0% to 39.8%
- Average daily rate (ADR): -32.3% to CAD123.89
- Revenue per available room (RevPAR): -64.8% to CAD49.32
Occupancy for previous weeks came in at 41.9%, 42.1% and 42.9%, respectively
For the week ending with 12 September, British Columbia (50.9%) was the only province to reach or surpass a 50% occupancy level.
Ottawa (40.1%) was the only major market at or above the 40% mark.
The lowest occupancy among provinces was reported in Newfoundland and Labrador (27.6%). At the market level, the lowest occupancy was reported in Montreal (24.2%).
Additional Performance Data
STR’s world-leading hotel performance sample comprises 68,000 properties and 9.1 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
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 www.costargroup.com.
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