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 May 2, 2020.
In a year-over-year (YOY) comparison, the industry reported a 75.8-per-cent drop in occupancy to 16.6 per cent, a 37.5-per-cent decrease in Average Daily Rate (ADR) to $101.69 and an 84.9-per-cent decrease in Revenue Per Available Room (RevPAR) to $16.91. For comparison, the previous week, ending April 25, 2020, saw occupancy of 15 per cent, ADR at $101.22 and RevPAR of $15.14.
Newfoundland and Labrador experienced the largest decline in occupancy, which fell 87.8 per cent YOY to 6.8 per cent. B.C. reported the week’s steepest decline in ADR, with a 46.7-per-cent drop to $106.94, and Quebec once again saw the largest decrease in RevPAR, which was down 91.4 per cent to $10.28
Among the major markets, Montreal saw the largest drop in occupancy, with a YOY decline of 85.4 per cent to 11.7 per cent. Vancouver registered the steepest decline in ADR (down 51.8 per cent to $115.51) and Toronto recorded the largest decrease in RevPAR (down 92 per cent to $14.02).