HENDERSONVILLE, Tenn. — Canada’s hotel industry saw record lows in both occupancy and Revenue Per Available Room (RevPAR), according to STR’s year-end 2020 data.
Average Daily Rate (ADR) for the year also fell to its lowest level since 2012. Year-over-year (YOY) declines across the three key performance metrics were the worst the country has seen. Occupancy for the year fell 49.2 per cent to 33.1 per cent, while ADR saw a 21-per-cent decline to $130.43. RevPAR dropped 59.8 per cent from the previous year to $43.11.
Among the provinces and territories, Newfoundland and Labrador recorded the lowest occupancy level at 24.7 per cent (down 54.5 per cent YOY). The province also experienced the lowest RevPAR level, which fell 62.5 per cent YOY to $26.95.
Looking at the major markets, Montreal saw the lowest occupancy level (24.5 per cent), representing a YOY decline of 65.7 per cent.
The highest occupancy among provinces was reported in British Columbia, where a 43.4-per-cent YOY decline resulted in occupancy of 39.4 per cent. At the market level, the highest occupancy was reported in Vancouver, which reported 37.3-per-cent occupancy (down 53.1 per cent).