HENDERSONVILLE, Tenn. — Showing the continued impact of COVID-19, the Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week ending April 25, 2020.
In a year-over-year (YOY) comparison, the industry reported a 76.9-per-cent drop in occupancy to 15 per cent, a 32.2-per-cent decrease in Average Daily Rate (ADR) to $101.22 and an 84.4-per-cent decrease in Revenue Per Available Room (RevPAR) to $15.14. For comparison, the previous week, ending April 18, 2020, saw occupancy of 12.8 per cent, ADR at $101.23 and RevPAR of $13.
Quebec reported one of the largest drops in occupancy (down 87.7 per cent to 7.9 per cent), which pushed the steepest decrease in RevPAR — falling 91.6 per cent to $8.20. Newfoundland and Labrador also experienced an 87.7-per-cent drop in occupancy for the week, falling to 7.1 per cent.
B.C. recorded the steepest drop in ADR, which fell 39.5 per cent YOY to $105.48.
Among the major markets, Montreal recorded the largest decrease in both RevPAR and occupancy, which fell 92.0 per cent (to $9) and 87.7 per cent (to 8.5 per cent) respectively. Vancouver saw the steepest drop in ADR, which fell 43.5 per cent to $113.91.