I would like to thank all of you for your very interesting testimony.
I will begin with you, Mr. Foley. Last week, we heard Mr. David Kaiser, who is a member of the board of directors of the Hotel Association of Canada. He spoke about the impact of Airbnb and all of the peer economy on the members of his association, as you did about Newfoundland and Labrador.
According to the information he gave us, only 17% of Airbnb revenue is generated by the actual sharing of an apartment or house. That means that about 80% of Airbnb revenue, i.e. $462 million, is generated by renting an apartment or house where the owner is not present.
Is that figure comparable to Newfoundland and Labrador figures? Is it worse or better? Do you know?