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Canadian Hotel Industry Records All-Time Lows in Q2 2020

HENDERSONVILLE, Tenn. — Due to the impact of the COVID-19 pandemic, the Canadian industry reported all-time lows in the three key performance metrics during Q2 2020, according to STR data.

In a year-over-year comparison, the industry reported a 71.4-per-cent drop in occupancy to 19.4 per cent, a 36.4-per-cent decrease in Average Daily Rate (ADR) to $106.66 and an 81.8-per-cent decrease in Revenue Per Available Room (RevPAR) to $20.72. The absolute occupancy and RevPAR levels were the lowest for any quarter in STR’s Canada database.

The country saw its lowest occupancy level during the week of ending April 11, but has since reached a 30-per-cent level in the metric.

In absolute values, April was Canada’s lowest month of the quarter for each of the three metrics — occupancy for the month was 14 per cent, while the national ADR slipped to $100.94 and RevPAR dropped to $14.13.

At the provincial level, Newfoundland and Labrador recorded the quarter’s steepest decline in occupancy, which fell 82.3 per cent to 10.2 per cent. British Columbia posted the largest drop in ADR (a 42-per-cent decline to $116.92) and Quebec registered the steepest decrease in RevPAR (down 88.3 per cent to $15.08).

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