STR: Canada Hotel Results For Week Ending 4 July

HENDERSONVILLE, Tennessee – STR data for 28 June through 4 July 2020 shows Canadian hotel performance up slightly from previous weeks with the same significant level of year-over-year declines.

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In comparison with the week of 30 June through 6 July 2019, the industry reported the following:

  • Occupancy: -59.6% to 28.9%
  • Average daily rate (ADR): -33.1% to CAD121.68
  • Revenue per available room (RevPAR): -73.0% to CAD35.16

The previous three weeks produced absolute occupancy levels of 27.5%, 25.6% and 23.6%.

Two provinces reached a 30% occupancy level: British Columbia (40.8%) and Manitoba (31.3%). Vancouver (30.8%) was the only major market at or above that mark.

The lowest occupancy among provinces was reported in Prince Edward Island (15.4%). At the market level, the lowest occupancy was seen in Montreal (16.4%).

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 costargroup.com.

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