STR: Canada hotel results for week ending 23 May
HENDERSONVILLE, Tennessee—STR data for 17-23 May 2020 shows Canadian hotel performance up slightly from previous weeks with the same significant level of year-over-year declines.
In comparison with the week of 19-25 May 2019, the industry reported the following:
- Occupancy: -71.5% to 18.9%
- Average daily rate (ADR): -39.3% to CAD101.99
- Revenue per available room (RevPAR): -82.7% to CAD19.28
The previous three weeks produced absolute occupancy levels of 18.4%, 17.5% and 16.6%.
British Columbia (22.8%) and Saskatchewan (20.2%) were the only two provinces with occupancy of at least 20.0%. Vancouver was the only major market above that mark.
The lowest occupancy among provinces was reported in Newfoundland and Labrador (9.6%). At the market-level, the lowest occupancy was seen in Calgary (10.5%).
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.
North America Media Contact:
+1 (615) 824-8664 ext. 3500
General Media Inbox: