The Canadian hotel industry reported occupancy fell 52% to 21% during the week of 3-9 January 2021. ADR dropped 24.7% to 106.23 Canadian dollars ($83.79) and RevPAR decreased 63.9% to CA$22.29 ($17.58).
HENDERSONVILLE, Tennessee—STR data for 3-9 January 2021 showed Canada’s hotel industry with slightly higher occupancy compared to the previous week.
3-9 January 2021 (percentage change from comparable week in 2020):
• Occupancy: 21.0% (-52.0%)
• Average daily rate (ADR): CAD106.23 (-24.7%)
• Revenue per available room (RevPAR): CAD22.29 (-63.9%)
Occupancy for previous weeks came in at 19.9% (2 January), 17.7% (26 December), and 23.5% (19 December).
For the week ending with 9 January, British Columbia recorded the highest occupancy level (27.4%) among the provinces.
Among the major markets, Vancouver (26.4%) posted the highest occupancy level.
The lowest occupancy among provinces was reported in New Brunswick (12.1%). At the market level, the lowest occupancy was reported in Montreal (12.6%).
Additional Performance Data
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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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