This latest acquisition of the landmark Kingston property will be the 10th Marriott property under Easton's ownership and management.
STR Canada results for Q3 2020
HENDERSONVILLE, Tenn. — The Canadian hotel industry saw higher performance from the previous quarter, but at overall low levels. The absolute occupancy level was the lowest for any third quarter in STR’s Canada database, but was more than double the level from Q2 2020.
By HNN Newswire
HENDERSONVILLE, Tenn. — The Canadian hotel industry saw higher performance from the previous quarter, but at overall low levels, according to Q32020 data from STR.
Q32020 (percentage change from Q3 2019):
• Occupancy: 38.1 per cent (-49.8 per cent)
• Average daily rate (ADR): C$131.65 (-28.0 per cent)
• Revenue per available room (RevPAR): C$50.15 (-63.9 per cent)
The absolute occupancy level was the lowest for any third quarter in STR’s Canada database, but was more than double the level from Q22020 (19.4 per cent). The ADR level was the lowest for a Q3 since 2009.
In absolute values, July was Canada’s lowest month of the quarter for occupancy (34.0 per cent) and RevPAR (C$44.71), while September was the lowest in ADR (C$126.18). The country saw its lowest occupancy level during the week of 5 – 11 April, but has since reached a 30 per cent level in the metric.
Among the provinces and territories, British Columbia reported the quarter’s highest occupancy level (48.3 per cent), which was still down 41.5 per cent year over year.
Newfoundland and Labrador showed the lowest occupancy (30.7 per cent), down 57.4 per cent from Q3 2019.
STR results for week ending Oct. 17, 2020
HENDERSONVILLE, Tenn. — STR data for October 11 – 17, 2020 showed slightly lower performance from prior weeks for Canada’s hotel industry.
Oct. 11 – 17, 2020 (percentage change from comparable week in 2019):
• Occupancy: 29.9 per cent (-55.0 per cent)
• Average daily rate (ADR): C$114.62 (-26.1 per cent)
• Revenue per available room (RevPAR): C$34.24 (-66.7 per cent)
Occupancy for previous weeks came in at 32.2 per cent (Oct. 10), 34.0 per cent (Oct. 3), and 35.6 per cent (Sept. 26), respectively.
For the week ending with Oct. 17, British Columbia recorded the highest occupancy level (39.1 per cent) among the provinces.
Vancouver (33.7 per cent) was the only major market at or above a 30 per cent occupancy level.
The lowest occupancy among provinces was reported in Quebec (15.6 per cent). At the market level, the lowest occupancy was reported in Montréal (12.9 per cent).
STR’s world-leading hotel performance sample comprises 68,000 properties and 9.1 million rooms around the globe.