STR: Canada hotel results for week ending 22 August
HENDERSONVILLE, Tennessee—STR data for 16-22 August 2020 showed another week of improving performance for Canada’s hotel industry while significant year-over-year declines remain.
In comparison with the week of 18-24 August 2019, the industry reported the following:
- Occupancy: -46.4% to 42.9%
- Average daily rate (ADR): -27.3% to CAD130.37
- Revenue per available room (RevPAR): -61.0% to CAD55.97
Two provinces reached a 50% occupancy level: Prince Edward Island (56.1%) and British Columbia (53.7%).
Four additional provinces reached a 40% occupancy level: Ontario (43.3%), New Brunswick (42.9%), Manitoba (40.4%) and Saskatchewan (40.5%).
Ottawa (42.3%) was the only major market at or above the 40% mark.
The lowest occupancy among provinces was reported in Quebec (36.5%). At the market level, the lowest occupancy was seen in Montreal (23.6%).
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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