STR: Canada hotel performance for March 2021
Canada's hotel industry reported slightly higher performance when compared with recent months, according to STR's March 2021 data.
Canada's hotel industry reported slightly higher performance when compared with recent months, according to STR's March 2021 data.
Guido Kerpel, COO of New Castle Hotels and Resorts, a leading hotel owner, operator and developer, announced that Nicolas Messian has been named general manager of the landmark Algonquin Resort in St. Andrews by the Sea, New Brunswick, Canada. Previously, Messian was the hotel manager at the renowned Emirates Palace operated by Mandarin Oriental in Abu Dhabi.
Fairmont Hotels & Resorts, the iconic world leading hotel group known for its historic luxury and unparalleled service, has announced the appointment of Jean-François Vary as General Manager of Fairmont Waterfront in Vancouver, BC.
Hyatt Hotels Corporation (NYSE: H) announced the continued expansion of the JdV by Hyatt brand with The Anndore House joining the brand today.
Hyatt Hotels Corporation (NYSE: H) announced the continued expansion of the JdV by Hyatt brand with The Walper Hotel joining the brand later this year.
Hyatt Hotels Corporation (NYSE: H) announced the continued expansion of the JdV by Hyatt brand with The Anndore House joining the brand today and plans for The Walper Hotel to join the brand later this year. This milestone signifies the JdV by Hyatt brand's intentional growth in a new market while offering experiences in places that matter most to guests, members, customers and owners. While the brand has 14 properties across the United States and China, The Anndore House marks its debut in Toronto today, and The Walper Hotel is currently slated to join the JdV by Hyatt brand this May.
Canada's hotel industry reported slightly higher performance when compared with recent months, according to STR's February 2021 data.
Cabot, the developer and operator of master-planned golf resort communities, announced today that resort and real estate industry veteran Gadi Kaufmann has joined the executive team as Senior Advisor. Kaufmann will work closely with Cabot CEO and Co-founder Ben Cowan-Dewar to support the brand's flourishing real estate portfolio and revenue growth plans. Kaufmann specializes in economic consulting for real estate projects and investment portfolios; corporate strategy planning and management consulting; transactional and negotiation services; and financing and capital formation strategies. Kaufmann's distinguished career encompasses projects for privately held and publicly traded companies, institutional investors, and public sector and government entities. Kaufmann is currently the Chairman of Robert Charles Lesser & Co (RCLCO), a foundation formed in 2006 as a means to positively influence the availability and development of affordable housing. He previously served as Managing Director and CEO for 20 years. Kaufmann is an active board and committee member of several industry and academic organizations, including the Urban Land Institute and the UCLA Center for Real Estate. He holds a bachelor's degree in economics from UCLA.
My hometown is St Andrews, New Brunswick in eastern Canada. The town overlooks Passamaquoddy Bay and to the south we are flanked by the great state of Maine. Every year in this part of the world the US governors and the Canadian provincial premiers get together for bilateral talks, some good food, and fun. This story is about one of those meetings, The Algonquin Hotel, and how I met our then Premier, Richard Hatfield who is partially responsible for my hotel career.
Canada's hotel industry reported continued lows across the three key performance metrics, according to STR's January 2021 data.
STR data for 31 January through 6 February 2021 showed Canada's hotel industry with slightly lower occupancy compared with the previous week.
HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.
According to the year-end Lodging Econometrics (LE) Construction Pipeline Trend Report for Canada, analysts at LE state that Canada's hotel construction pipeline ended the fourth quarter of 2020 at 270 projects/34,678 rooms, a mere 35 fewer projects than the region's peak of 305 projects achieved in Q4'19. Projects under construction stand at 83 projects/9,836 rooms. Projects scheduled to start construction in the next 12 months recorded 87 projects/10,142 rooms, while projects in the early planning stage stand at 100 projects/14,700 rooms, up 12% by projects and 4% by rooms year-over-year (YOY).
International travel restrictions due to COVID-19 have forced all of us to rethink our vacation prospects, and for me this has meant researching areas within driving range of my hometown of Toronto instead of jet setting off to Europe, Asia or more 'prestigious' parts of North America. Of course, I always try to orient my travels around wine in whatever way possible, so this early autumn my family regrouped in Prince Edward County (PEC), a burgeoning wine region less than three hours from my home Importantly for you, there are important lessons about marketing alcoholic beverages and creating a hotel experience, no matter where in the globe you find yourself.
STR data for 24-30 January 2021 showed Canada's hotel industry with slightly higher occupancy compared with previous weeks.
We've always known, in the abstract, that there is no specific "roadmap to success." But of course, companies start to map out a route to their desired destination in any business or industry. There are wrong turns, short-cuts, some obstacles but, ultimately, we trust that we will find our way. We create our own roadmaps.There was, however, no roadmap for the unprecedented year that was 2020. We didn't just hit an obstacle — we came to face a roadblock that no one saw coming. Suddenly, we were navigating truly uncharted territory in real-time, and, for the hospitality industry, this served up a steady barrage of unforeseen challenges.
Gloria Guevara, WTTC President & CEO, said: "The Canadian government's decision to suspend all flights to Mexico and the Caribbean until April 30, and impose hotel quarantines for all arriving passengers, will cause even further damage to its Travel & Tourism industry, which is already in a fight for survival due to the COVID-19 pandemic."
STR data for 17-23 January 2021 showed Canada's hotel industry with slightly higher occupancy compared with previous weeks.
Canada's hotel industry saw record lows in both occupancy and revenue per available room (RevPAR), according to STR's year-end 2020 data.
STR data for 10-16 January 2021 showed Canada's hotel industry with slightly higher occupancy compared with previous weeks.