STR: Canada hotel results for week ending 23 January
HENDERSONVILLE, Tennessee—STR data for 17-23 January 2021 showed Canada’s hotel industry with slightly higher occupancy compared with previous weeks.
17-23 January 2021 (percentage change from comparable week in 2020):
- Occupancy: 23.0% (-58.0%)
- Average daily rate (ADR): CAD104.86 (-29.1%)
- Revenue per available room (RevPAR): CAD24.13 (-70.2%)
Occupancy for previous weeks came in at 22.6% (16 January), 21.0% (9 January), and 19.9% (2 January).
For the week ending with 23 January, British Columbia recorded the highest occupancy level (29.6%) among the provinces.
Among the major markets, Vancouver (28.7%) posted the highest occupancy level.
The lowest occupancy among provinces was reported in New Brunswick (13.6%). At the market level, the lowest occupancy was reported in Montreal (12.6%).
Additional Performance Data
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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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