Canadian hotel occupancy fell 49.8% to 29.2% during the week of 25-31 October. ADR dipped 25.9% to 109.77 Canadian dollars ($83.99) and RevPAR fell 62.8% to CA$32.10 ($24.56).
HENDERSONVILLE, Tennessee—STR data for 25-31 October 2020 showed slightly lower occupancy from prior weeks for Canada’s hotel industry.
25-31 October 2020 (percentage change from comparable week in 2019):
• Occupancy: 29.2% (-49.8%)
• Average daily rate (ADR): CAD109.77 (-25.9%)
• Revenue per available room (RevPAR): CAD32.10 (-62.8%)
Occupancy for previous weeks came in at 31.1% (24 October), 29.9% (17 October), and 32.2% (10 October), respectively.
For the week ending with 31 October, British Columbia recorded the highest occupancy level (35.6%) among the provinces.
Vancouver (33.0%) was the only major market at or above a 30% occupancy level.
The lowest occupancy among provinces was reported in Quebec (16.5%). At the market level, the lowest occupancy was reported in Montreal (13.8%).
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.
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