InnVest Hotels acquires The Algonquin Resort St. Andrews by‑the‑Sea, Autograph Collection and The Algonquin Golf Course
InnVest Hotels has acquired The Algonquin Resort St. Andrews by-the-Sea, Autograph Collection and The Algonquin Golf Course.
HENDERSONVILLE, Tennessee — Showing further COVID-19 impact, the Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 26 April through 2 May 2020, according to data from STR.
HENDERSONVILLE, Tennessee — Showing further COVID-19 impact, the Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 26 April through 2 May 2020, according to data from STR.
In comparison with the week of 28 April through 4 May 2019, the industry reported the following:
Among the provinces and territories, Newfoundland and Labrador experienced the largest decline in occupancy (-87.8 per cent to 6.8 per cent).
British Columbia posted the steepest drop in ADR (-46.7 per cent to C$106.94).
Quebec reported the largest decrease in RevPAR (-91.4 per cent to C$10.28).
Among the major markets, Montreal saw the largest drop in occupancy (-85.4 per cent to 11.7 per cent).
Vancouver registered the steepest decline in ADR (-51.8 per cent to C$115.51).
Toronto recorded the largest decrease in RevPAR (-92.0 per cent to C$14.02).
Additional Performance Data
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InnVest Hotels has acquired The Algonquin Resort St. Andrews by-the-Sea, Autograph Collection and The Algonquin Golf Course.
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