Canadian Hotels Report 32.2 Percent Occupancy for Week Ending October 10th, 2020

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).

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%).

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.