Looming Lockdowns Disastrous For Troubled Canadian Hotel Operators
December 23, 2020 Admin
theglobeandmail.com – Hotel operators are bracing for another devastating lockdown after suffering through months of ultralow occupancy rates during the pandemic.
Impending restrictions on travelling within Ontario are the latest blow to hotels that have lost most of their guests but for the occasional domestic traveller or front-line worker. Occupancy rates sank as low as 2.5 per cent for some hotels during the pandemic.