HENDERSONVILLE, Tenn. — The Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week ending May 9, 2020, according to data from STR.
In a year-over-year (YOY) comparison, the industry reported a 73.9-per-cent drop in occupancy to 17.5 per cent, a 37.7-per-cent decrease in Average Daily Rate (ADR) to $101.47 and an 83.7-per-cent decrease in Revenue Per Available Room (RevPAR) to $17.75. For comparison, the previous week, ending May 2, 2020, saw occupancy of 16.6 per cent, ADR at $101.69 and RevPAR of $16.91.
For a third-consecutive week, Newfoundland and Labrador experienced the largest decline in occupancy, which fell 86 per cent to 7.1 per cent. B.C. continues to report the steepest drops in ADR, falling 44.4 per cent YOY to $107.58. And, Quebec once again saw the country’s steepest RevPAR declines — down 88.4 per cent to $12.66.
Among the major markets, Ottawa saw the largest drop in occupancy, with a YOY decline of 83.2 per cent to 14.2 per cent. Vancouver registered the steepest decline in ADR (down 49.1 per cent to $117.50) and Toronto recorded the largest decrease in RevPAR (down 91.1 per cent to $15.45).