The coronavirus (COVID-19) pandemic is causing the hotel industry across the globe to take a hit. In Canada, this can be seen through a year-over-year decrease in the most important key performance indicators in the industry: occupancy, revenue per available room (RevPAR), and average daily rate (ADR). In November 2021, Canadian hotels had an occupancy of 49.7 percent, showing a year-over year decrease of 18.4 percent. Meanwhile, ADR dropped to 138.52 Canadian dollars, reflecting a decrease of 6.3 percent on the previous year. Lastly, a RevPAR of 68.85 Canadian dollars showed a year-on-year drop of 23.6 percent.
Impact on the hotel industry's key performance indicators in Canada due to the coronavirus (COVID-19) pandemic in November 2021
Characteristic
Year-on year percentage decrease
KPI
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Hospitality Net. (December 29, 2021). Impact on the hotel industry's key performance indicators in Canada due to the coronavirus (COVID-19) pandemic in November 2021 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1122846/coronavirus-hotel-sector-kpi-canada/
Hospitality Net. "Impact on the hotel industry's key performance indicators in Canada due to the coronavirus (COVID-19) pandemic in November 2021." Chart. December 29, 2021. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1122846/coronavirus-hotel-sector-kpi-canada/
Hospitality Net. (2021). Impact on the hotel industry's key performance indicators in Canada due to the coronavirus (COVID-19) pandemic in November 2021. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1122846/coronavirus-hotel-sector-kpi-canada/
Hospitality Net. "Impact on The Hotel Industry's Key Performance Indicators in Canada Due to The Coronavirus (Covid-19) Pandemic in November 2021." Statista, Statista Inc., 29 Dec 2021, https://www.statista.com/statistics/1122846/coronavirus-hotel-sector-kpi-canada/
Hospitality Net, Impact on the hotel industry's key performance indicators in Canada due to the coronavirus (COVID-19) pandemic in November 2021 Statista, https://www.statista.com/statistics/1122846/coronavirus-hotel-sector-kpi-canada/ (last visited August 25, 2024)
Impact on the hotel industry's key performance indicators in Canada due to the coronavirus (COVID-19) pandemic in November 2021 [Graph], Hospitality Net, December 29, 2021. [Online]. Available: https://www.statista.com/statistics/1122846/coronavirus-hotel-sector-kpi-canada/