HENDERSONVILLE, Tenn. — The Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week ending May 16, 2020, according to data from STR.
In a year-over-year (YOY) comparison, the industry reported a 72.5-per-cent drop in occupancy to 18.4 per cent, a 38.8-per-cent decrease in Average Daily Rate (ADR) to $101.70 and an 83.2-per-cent decrease in Revenue Per Available Room (RevPAR) to $18.75. For comparison, the previous week, ending May 9, 2020, saw occupancy of 17.5 per cent, ADR at $101.47 and RevPAR of $17.75.
For a third consecutive week, Newfoundland and Labrador experienced the largest decline in occupancy, which fell 83.6 per cent to 8.5 per cent. Quebec once again saw the country’s steepest RevPAR declines — down 89.5 per cent to $14.77 — as well as the most significant drop in ADR, which fell 46.3 per cent to $96.60.
Among the major markets, Calgary saw the largest drop in occupancy, with a YOY decline of 82.1 per cent to 10.4 per cent. Montreal registered the steepest decline in ADR (a 51.9-per-cent decrease to $94.90) and one of the largest decreases in RevPAR (down 90.1 per cent to $16.74). Toronto matched Montreal with a 90.1-per-cent decline in RevPAR to $15.92.
