HENDERSONVILLE, Tenn. — The Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 10-16 May 2020, according to data from STR. In comparison with the week of 12-18 May 2019, the industry reported the following: Occupancy: -72.5 per cent to 18.4 per cent Average daily rate (ADR): -38.8 […]
HENDERSONVILLE, Tenn. — The Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 10-16 May 2020, according to data from STR.
In comparison with the week of 12-18 May 2019, the industry reported the following:
Among the provinces and territories, Newfoundland and Labrador experienced the largest decline in occupancy (-83.6 per cent to 8.5 per cent).
Quebec posted the steepest drop in ADR (-46.3 per cent to C$96.60) and RevPAR (-89.5 per cent to C$14.77).
Among the major markets, Calgary saw the largest drop in occupancy (-82.1 per cent to 10.4 per cent).
Montreal registered the steepest decline in ADR (-51.9 per cent to C$94.90) and one of the largest decreases in RevPAR (-90.1 per cent to C$16.74).
Toronto matched for the other steepest drop in RevPAR (-90.1 per cent to C$15.92).
Additional Performance Data
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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.
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