Canadian hotel occupancy declined 70.4% to 21.4% during the week of 24-30 May as ADR fell 40.1% to 102.82 Canadian dollars ($76.03) and RevPAR dropped 82.3% to CA$22.04 ($16.30).
HENDERSONVILLE, Tennessee—STR data for 24-30 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 26 May through 1 June 2019, the industry reported the following:
- Occupancy: -70.4% to 21.4%
- Average daily rate (ADR): -40.1% to CAD102.82
- Revenue per available room (RevPAR): -82.3% to CAD22.04
The previous three weeks produced absolute occupancy levels of 18.9%, 18.4% and 17.5%.
British Columbia (25.3%), Saskatchewan (22.9%), Ontario (22.2%) and Alberta (20.0%) were the provinces with occupancy of at least 20.0%. Vancouver (24.5%) and Montreal (20.0%) were the only major markets at or above that mark.
The lowest occupancy among provinces was reported in Newfoundland and Labrador (10.1%). At the market level, the lowest occupancy was seen in Calgary (12.5%).
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.
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