STR: Canada hotel results for week ending 24 October
HENDERSONVILLE, Tennessee—STR data for 18-24 October 2020 showed slightly higher occupancy, but lower rates from prior weeks for Canada’s hotel industry.
18-24 October 2020 (percentage change from comparable week in 2019):
- Occupancy: 31.1% (-55.6%)
- Average daily rate (ADR): CAD112.33 (-28.7%)
- Revenue per available room (RevPAR): CAD34.89 (-68.4%)
Occupancy for previous weeks came in at 29.9% (17 October), 32.2% (10 October), and 34.0% (3 October), respectively.
For the week ending with 24 October, British Columbia recorded the highest occupancy level (40.2%) among the provinces.
Vancouver (35.7%) was the only major market at or above a 30% occupancy level.
The lowest occupancy among provinces was reported in Quebec (16.7%). At the market level, the lowest occupancy was reported in Montreal (13.8%).
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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