STR Canada results week of July 4, 2020

HENDERSONVILLE, Tenn. — 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. Canadian hotel occupancy fell 59.6 per cent to 28.9 per cent during the week of 28 June to 4 July. ADR declined 33.1 per cent to C$121.68 Canadian dollars ($90.06) and RevPAR decreased 73 per cent to C$35.16 ($26.02).

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

• Occupancy: -59.6 per cent to 28.9 per cent

• Average daily rate (ADR): -33.1 per cent to C$121.68

• Revenue per available room (RevPAR): -73.0 per cent to C$35.16

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

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

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

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.