STR: Canada Q3 2020 hotel performance
HENDERSONVILLE, Tennessee—The Canadian hotel industry saw higher performance from the previous quarter, but at overall low levels, according to Q3 2020 data from STR.
Q3 2020 (percentage change from Q3 2019):
- Occupancy: 38.1% (-49.8%)
- Average daily rate (ADR): CAD131.65 (-28.0%)
- Revenue per available room (RevPAR): CAD50.15 (-63.9%)
The absolute occupancy level was the lowest for any third quarter in STR’s Canada database, but was more than double the level from Q2 2020 (19.4%). The ADR level was the lowest for a Q3 since 2009.
In absolute values, July was Canada’s lowest month of the quarter for occupancy (34.0%) and RevPAR (CAD44.71), while September was the lowest in ADR (CAD126.18). The country saw its lowest occupancy level during the week of 5-11 April, but has since reached a 30% level in the metric.
Among the provinces and territories, British Columbia reported the quarter’s highest occupancy level (48.3%), which was still down 41.5% year over year.
Newfoundland and Labrador showed the lowest occupancy (30.7%), down 57.4% from Q3 2019.
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 costargroup.com.
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