STR: Canada hotel results for week ending 12 September
 
STR: Canada hotel results for week ending 12 September
17 SEPTEMBER 2020 8:34 AM

Canada's hotel occupancy fell 48% to 39.8% during the week of 6-12 September. ADR declined 32.3% to 123.89 Canadian dollars ($93.73) and RevPAR dropped 64.8% to CA$49.32 ($37.31).

HENDERSONVILLE, Tennessee—STR data for 6-12 September 2020 showed slightly lower performance from prior weeks for Canada’s hotel industry. Year-over-year declines, while improved, also remain significant.

In comparison with the week of 8-14 September 2019, the industry reported the following:

• Occupancy: -48.0% to 39.8%
• Average daily rate (ADR): -32.3% to CAD123.89
• Revenue per available room (RevPAR): -64.8% to CAD49.32

Occupancy for previous weeks came in at 41.9%, 42.1% and 42.9%, respectively

For the week ending with 12 September, British Columbia (50.9%) was the only province to reach or surpass a 50% occupancy level.

Ottawa (40.1%) was the only major market at or above the 40% mark.

The lowest occupancy among provinces was reported in Newfoundland and Labrador (27.6%). At the market level, the lowest occupancy was reported in Montreal (24.2%).

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.

North America Media Contact:

Haley Luther
Communications Coordinator
hluther@str.com
+1 (615) 824-8664 ext. 3500

General Media Inbox:
media@str.com

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editorial Director Stephanie Ricca at sricca@hotelnewsnow.com.

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.