HENDERSONVILLE, Tennessee – STR data for 7-13 June 2020 shows Canadian hotel performance up slightly from previous weeks with the same significant level of year-over-year declines.
In comparison with the week of 9-15 June 2019, the industry reported the following:
- Occupancy: -68.0% to 23.6%
- Average daily rate (ADR): -39.8% to CAD108.23
- Revenue per available room (RevPAR): -80.7% to CAD25.57
The previous three weeks produced absolute occupancy levels of 22.2%, 21.4% and 18.9%.
British Columbia (28.1%), Manitoba (25.9%) and Saskatchewan (25.0%) were the provinces with occupancy at or above 25%. Vancouver (26.1%) was the only major market at or above that mark.
The lowest occupancy among provinces was reported in Newfoundland and Labrador (12.5%). At the market level, the lowest occupancy was seen in Calgary (15.0%).
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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