HENDERSONVILLE, Tenn. — STR data for 7-13 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 9-15 June 2019, the industry reported the following:
• Occupancy: -68.0 per cent to 23.6 per cent
• Average daily rate (ADR): -39.8 per cent to C$108.23
• Revenue per available room (RevPAR): -80.7 per cent to C$25.57
The previous three weeks produced absolute occupancy levels of 22.2 per cent, 21.4 per cent and 18.9 per cent.
British Columbia (28.1 per cent), Manitoba (25.9 per cent) and Saskatchewan (25.0 per cent) were the provinces with occupancy at or above 25 per cent. Vancouver (26.1 per cent) was the only major market at or above that mark.
The lowest occupancy among provinces was reported in Newfoundland and Labrador (12.5 per cent). At the market level, the lowest occupancy was seen in Calgary (15.0 per cent).
STR’s world-leading hotel performance sample comprises 68,000 properties and 9.1 million rooms around the globe.
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.