Canadian hotels see huge drop in business as coronavirus pandemic halts travel [Toronto Globe and Mail (Ontario, Canada)]
Canadian Imperial Bank of Commerce (CM)
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Source: Toronto Globe and Mail
Canadian hotels see huge drop in business as coronavirus pandemic halts travel A downtown hotel has lights turned on to make the shape of a heart in Vancouver, on April 7, 2020. The hotel occupancy rate in the week of March 29 to April 4 was just 13 per cent, according to hotel research firm STR. JONATHAN HAYWARD/The Canadian Press A downtown hotel has lights turned on to make the shape of a heart in Vancouver, on April 7, 2020. The hotel occupancy rate in the week of March 29 to April 4 was just 13 per cent, according to hotel research firm STR. Canadian hotels have lost most of their business, sending revenues plunging and resulting in more than 200,000 job losses as the coronavirus pandemic halts travel. The hotel occupancy rate in the week of March 29 to April 4 was just 13 per cent, according to hotel research firm STR. That’s a 79-per-cent decrease over the same period last year, with Quebec recording the steepest decline. That has sent revenue per available room, a key indic
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- 11/5/24 - Form 6-K
- CM's page on the SEC website