Article Summary: Canada's hotel occupancy dropped 70.3% to 22.2% during the week of 31 May to 6 June, according to STR. ADR decreased 42.2% to 105.92 Canadian dollars ($78.37) and RevPAR fell 82.9% to CA$23.49 ($17.38).
Canada's hotel occupancy dropped 70.3% to 22.2% during the week of 31 May to 6 June, according to STR. ADR decreased 42.2% to 105.92 Canadian dollars ($78.37) and RevPAR fell 82.9% to CA$23.49 ($17.38).
Primary Category: Weekly Data
HENDERSONVILLE, Tennessee—STR data for 31 May through 6 June 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 2-8 June 2019, the industry reported the following:
• Occupancy: -70.3% to 22.2%
• Average daily rate (ADR): -42.2% to CAD105.92
• Revenue per available room (RevPAR): -82.9% to CAD23.49
The previous three weeks produced absolute occupancy levels of 21.4%, 18.9% and 18.4%.
British Columbia (26.7%), Manitoba (23.3%), Saskatchewan (23.1%), Ontario (22.4%) and Alberta (21.0%) were the provinces with occupancy of at least 20.0%. Vancouver (25.2%) was the only major market at or above that mark.
The lowest occupancy among provinces was reported in Newfoundland and Labrador (10.8%). At the market level, the lowest occupancy was seen in Calgary (13.9%).
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:
The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editorial Director Stephanie Ricca at firstname.lastname@example.org.
Hide Headline: No
Hide Feature Image: No
Hide Summary: No
Force Login: No
Third Party Article: No
Headline: STR: Canada hotel results for week ending 6 June
Article Date: 6/11/2020
Article Time: 10:16:00 AM