The global travel and tourism market is one of the worst hit by the coronavirus (COVID-19) pandemic. As a result, companies offering short-term rentals such as Airbnb, Expedia, and Booking.com are now coping with the virus' damaging effects. In the first week of 2020, there were 38 percent less short-term rental reservations in Canada than in the previous year. By week four, this figure grew to seven percent more year-over-year reservations. However, this growth didn't continue and in week 14 of 2020, short-term rental bookings in Canada saw a 97 percent drop over the previous year as a result of the coronavirus pandemic.
Year-over-year change in short-term rental reservations due to the coronavirus (COVID-19) pandemic in Canada in the first quarter of 2020, by week
Characteristic
Year-on-year percentage difference in short-term rental reservations
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Transparent. (March 17, 2020). Year-over-year change in short-term rental reservations due to the coronavirus (COVID-19) pandemic in Canada in the first quarter of 2020, by week [Graph]. In Statista. Retrieved May 24, 2022, from https://www.statista.com/statistics/1114142/short-term-rental-bookings-coronavirus-canada/
Transparent. "Year-over-year change in short-term rental reservations due to the coronavirus (COVID-19) pandemic in Canada in the first quarter of 2020, by week." Chart. March 17, 2020. Statista. Accessed May 24, 2022. https://www.statista.com/statistics/1114142/short-term-rental-bookings-coronavirus-canada/
Transparent. (2020). Year-over-year change in short-term rental reservations due to the coronavirus (COVID-19) pandemic in Canada in the first quarter of 2020, by week. Statista. Statista Inc.. Accessed: May 24, 2022. https://www.statista.com/statistics/1114142/short-term-rental-bookings-coronavirus-canada/
Transparent. "Year-over-year Change in Short-term Rental Reservations Due to The Coronavirus (Covid-19) Pandemic in Canada in The First Quarter of 2020, by Week." Statista, Statista Inc., 17 Mar 2020, https://www.statista.com/statistics/1114142/short-term-rental-bookings-coronavirus-canada/
Transparent, Year-over-year change in short-term rental reservations due to the coronavirus (COVID-19) pandemic in Canada in the first quarter of 2020, by week Statista, https://www.statista.com/statistics/1114142/short-term-rental-bookings-coronavirus-canada/ (last visited May 24, 2022)
