Canadian Hoteliers See Some Rate Success | HotelNewsNow.com
Canadian hoteliers had some modest success pushing rate last year—but they could still stand to be even more aggressive. Delivering the kickoff address of the Hotel Association of Canada’s Annual Conference at the Sheraton Centre Toronto Hotel Monday morning, STR chairman and co-founder Randy Smith said average daily rate in Canada rose 2% to CAD$129 (US$132.59) in 2010. U.S. ADR growth was essentially flat last year.