STR Canada results week of August 1, 2020

HENDERSONVILLE, Tenn. — STR data for 26 July through 1 August 2020 shows a continued steady rise in Canada’s hotel performance but the same significant level of year-over-year declines. On the positive side, nation-wide occupancy is now at 38.4 per cent, compared to a low of 12.0 per cent for the week of April 11, 2020 and 28.9 per cent just over a month ago during the week ending July 4, 2020. Two provinces reached occupancy of more than 40 per cent. On the negative side, occupancy in Montreal was just 19.7 per cent and Ottawa, Edmonton and Vancouver were the only major markets above the 30 per cent mark.

In comparison with the week of 28 July through 3 August 2019, the industry reported the following:

• Occupancy: -49.2 per cent to 38.4 per cent

• Average daily rate (ADR): -28.8 per cent to C$129.74

• Revenue per available room (RevPAR): -63.8 per cent to C$49.86

Two provinces reached a 40 per cent occupancy level: British Columbia (48.2 per cent) and Manitoba (43.1 per cent).

Ottawa (37.2 per cent), Edmonton (34.5 per cent) and Vancouver (33.5 per cent) were the only major markets at or above the 30 per cent mark.

The lowest occupancy among provinces was reported in Newfoundland and Labrador (30.1 per cent). At the market level, the lowest occupancy was seen in Montreal (19.7 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.