Silver Hotel Group President Deepak Ruparell was recently interviewed by The Globe & Mail for an article about the hotel industry and how recovery after the COVID-19 travel restrictions has been extremely slow.
“It has been pretty bad. Our industry has been the hardest hit,” said Deepak Ruparell, president of Silver Hotel Group, which owns 20 hotels in Canada including Hilton, Delta and Novotel brands in the major cities. Mr. Ruparell made the decision to temporarily close most of his hotels during the first two months of the pandemic. He laid off 85 per cent of staff and saw revenue vanish overnight.
While most of Silver Hotel Group’s hotels have re-opened, we’re still only seeing occupancy rates of about 10%.
“We were expecting a downturn, not a 95-per-cent correction.”
Read the full article on The Globe & Mail website below.