HENDERSONVILLE, Tenn. — The Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 10-16 May 2020, according to data from STR.
In comparison with the week of 12-18 May 2019, the industry reported the following:
- Occupancy: -72.5 per cent to 18.4 per cent
- Average daily rate (ADR): -38.8 per cent to C$101.70
- Revenue per available room (RevPAR): -83.2 per cent to C$18.75
Among the provinces and territories, Newfoundland and Labrador experienced the largest decline in occupancy (-83.6 per cent to 8.5 per cent).
Quebec posted the steepest drop in ADR (-46.3 per cent to C$96.60) and RevPAR (-89.5 per cent to C$14.77).
Among the major markets, Calgary saw the largest drop in occupancy (-82.1 per cent to 10.4 per cent).
Montreal registered the steepest decline in ADR (-51.9 per cent to C$94.90) and one of the largest decreases in RevPAR (-90.1 per cent to C$16.74).
Toronto matched for the other steepest drop in RevPAR (-90.1 per cent to C$15.92).
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.