STR Canada results for week ending Sept. 12

HENDERSONVILLE, Tenn. — STR data for September 6 to 12, 2020, showed slightly lower performance from prior weeks for Canada’s hotel industry. Year-over-year declines, while improved, also remain significant.

In comparison with the week of September8-14, 2019, the industry reported the following:

• Occupancy: -48.0 per cent to 39.8 per cent

• Average daily rate (ADR): -32.3 per cent to C$123.89

• Revenue per available room (RevPAR): -64.8 per cent to C$49.32

Occupancy for previous weeks came in at 41.9 per cent, 42.1 per cent and 42.9 per cent, respectively.

For the week ending September 12, British Columbia (50.9 per cent) was the only province to reach or surpass a 50 per cent occupancy level.

Ottawa (40.1 per cent) was the only major market at or above the 40 per cent mark.

The lowest occupancy among provinces was reported in Newfoundland and Labrador (27.6 per cent). At the market level, the lowest occupancy was reported in Montreal (24.2 per cent).

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.