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COVID-19: year-on-year weekly change in Canadian short-term rental bookings Q1 2020

Published by S. Lock, Jun 19, 2020
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

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Source

Release date

March 2020

Region

Canada

Survey time period

Q1 2020

Special properties

source used a sample of properties that were active both in Q1 2019 and Q1 2020 (ie. had at least one reservation)

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