Latest News
HomeHotels & LodgingSTR: Canada hotel performance fell to record lows in 2020
Hospitality

STR: Canada hotel performance fell to record lows in 2020

Montreal, Canada.

Montreal (24.5%) saw the lowest occupancy level, down 65.7% year over year.

HENDERSONVILLE, TENNESSEE – 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% (-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% 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% 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%).

News Editor - TravelDailyNews Media Network | + Posts

Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.

She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

Tags
28/03/2024
27/03/2024
26/03/2024
25/03/2024
22/03/2024
21/03/2024