TENNESSEE, USA — Canada’s hotel industry saw record lows in both occupancy and revenue per available room (RevPAR), according to STR’s year-end 2020 data.
In addition to the previously mentioned historic lows, average daily rate (ADR) fell to its lowest level since 2012. Year-over-year declines were the country’s worst across the three key performance metrics.
- Occupancy: 33.1 percent (-49.2%)
- Average daily rate (ADR): CAD130.43 (-21.0%)
- Revenue per available room (RevPAR): CAD43.11 (-59.8%)
Among the provinces and territories, Newfoundland and Labrador recorded the lowest occupancy level (24.7%), which was down 54.5 percent in year-over-year comparisons. The province also experienced the lowest RevPAR level (-62.5% to CAD26.95).
Among the major markets, Montreal (24.5%) saw the lowest occupancy level, down 65.7 percent year over year.
The highest occupancy among provinces was reported in British Columbia (-43.4% to 39.4%). At the market level, the highest occupancy was reported in Vancouver (-53.1% to 37.3%).
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.
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.