STR: Canada hotel results for week ending 10 October
 
STR: Canada hotel results for week ending 10 October
15 OCTOBER 2020 9:31 AM

Canadian hotel occupancy fell 54% to 32.2% during the week of 4-10 October. ADR decreased 27.9% to 115.03 Canadian dollars ($86.82) and RevPAR dropped 66.8% to CA$37.09 ($27.99).

HENDERSONVILLE, Tennessee—STR data for 4-10 October 2020 showed slightly lower performance from prior weeks for Canada’s hotel industry.

4-10 October 2020 (percentage change from comparable week in 2019):

• Occupancy: 32.2% (-54.0%)
• Average daily rate (ADR): CAD115.03 (-27.9%)
• Revenue per available room (RevPAR): CAD37.09 (-66.8%)

Occupancy for previous weeks came in at 34.0% (3 October), 35.6% (26 September), and 37.0% (19 September), respectively.

For the week ending with 10 October, British Columbia (41.2%) was the only province to reach or surpass a 40% occupancy level.

Among the major markets, Vancouver saw the highest occupancy level (33.3%).

The lowest occupancy among provinces was reported in Quebec (17.2%). At the market level, the lowest occupancy was reported in Montreal (13.5%).

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.

About STR
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.

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