STR data for 24-30 January 2021 showed Canada’s hotel industry with slightly higher occupancy compared with previous weeks.
24-30 January 2021 (percentage change from comparable week in 2020):
- Occupancy: 23.8% (-58.0%)
- Average daily rate (ADR): CAD105.34 (-29.2%)
- Revenue per available room (RevPAR): CAD25.06 (-70.2%)
Occupancy for previous weeks came in at 23.0% (23 January), 22.6% (16 January), and 21.0% (9 January).
For the week ending with 30 January, British Columbia recorded the highest occupancy level (30.0%) among the provinces.
Among the major markets, Vancouver (28.1%) posted the highest occupancy level.
The lowest occupancy among provinces was reported in New Brunswick (14.0%). At the market level, the lowest occupancy was reported in Montreal (13.3%).
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.