STR: Canada Hotel Results For Week Ending 30 May; Canadian hotel occupancy declined 70.4% to 21.4% during the week of 24-30 May as ADR fell 40.1% to 102.82 Canadian dollars ($76.03) and RevPAR dropped 82.3% to CA$22.04 ($16.30).

HENDERSONVILLE, Tennessee - STR data for 24-30 May 2020 shows Canadian hotel performance up slightly from previous weeks with the same significant level of year-over-year declines.

In comparison with the week of 26 May through 1 June 2019, the industry reported the following:

Occupancy: -70.4% to 21.4%

Average daily rate (ADR): -40.1% to CAD102.82

Revenue per available room (RevPAR): -82.3% to CAD22.04

The previous three weeks produced absolute occupancy levels of 18.9%, 18.4% and 17.5%.

British Columbia (25.3%), Saskatchewan (22.9%), Ontario (22.2%) and Alberta (20.0%) were the provinces with occupancy of at least 20.0%. Vancouver (24.5%) and Montreal (20.0%) were the only major markets at or above that mark.

The lowest occupancy among provinces was reported in Newfoundland and Labrador (10.1%). At the market level, the lowest occupancy was seen in Calgary (12.5%).

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 costargroup.com.

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