STR: Canada Hotel Results For Week Ending 1 February
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 26 January through 1 February 2020, according to data from STR.
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Canada’s Construction Pipeline Soars to Record High
Analysts at Lodging Econometrics (LE) report that at year-end 2019, the total construction pipeline in Canada continues to ascend hitting an all-time high of 305 projects/39,984 rooms. The pipeline is up an impressive 15% by projects and 20% by rooms, year-over-year (YOY).
STR: Canada Hotel Results For Week Ending 25 January
The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 19-25 January 2020, according to data from STR.
STR: Canada 2019 Hotel Performance
The Canadian hotel industry reported mostly negative year-over-year results in the three key performance metrics during 2019, according to data from STR.
STR: Canada Hotel Results For Week Ending 18 January
The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 12-18 January 2020, according to data from STR.
Hilton Toronto Airport Hotel & Suites Completes Expansive Renovation
The 419-room Hilton Toronto Airport Hotel & Suites announced the completion of its multi-million-dollar renovation today, debuting new public spaces, guest rooms and a new restaurant — Mosaic Kitchen, Bar and Lounge.
STR: Canada Hotel Results For Week Ending 11 January
The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 5-11 January 2020, according to data from STR.
STR: Canada Hotel Results For Week Ending 4 January
The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 29 December 2019 through 4 January 2020, according to data from STR.
Jannika Spremberg has been appointed as Director of Sales and Marketing of Fairmont Empress in Victoria, BC at Fairmont Empress
Fairmont Hotels and Resorts, the iconic world leading hotel group known for its historic luxury and unparalleled service, has announced the appointment of Jannika Spremberg as Director of Sales and Marketing of Fairmont Empress in Victoria, BC.
Paul Li has been appointed as Director of Sales & Marketing at Rosewood Hotel Georgia
Paul Li has been named Director of Sales and Marketing at Rosewood Hotel Georgia, Vancouver's renowned luxury hotel. In his new role, Li will serve as a key member of the hotel's leadership team, tasked with overseeing all of the property's sales and marketing efforts, along with developing business strategies that drive overall growth and increase revenue for the 156-room hotel.
STR: Canada Hotel Results For Week Ending 28 December
The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 22-28 December 2019, according to data from STR.
2019 Canadian Hotel Valuation Index
As the end of 2019 approaches, the CANADIAN LODGING MARKET is seeing a marked slowdown from the average 5.0% annual RevPAR growth experienced in the previous six-year run. The RevPAR growth in 2019 is projected to decrease to 1.0%; several factors are contributing to this softer market. Although new supply nation wide is still very moderate in the 1.5% range this year, it is double that of the average of the same previous six years. Softer demand growth in 2019 has fallen to half of the previous average at 1.0% and the biggest contributor to the decrease in RevPAR decrease is the decrease in average rate growth. The average rate growth was closer to 4.0% in the six-year time run and in contrast to the 1.5% projected for 2019.
STR: Canada Hotel Results For Week Ending 21 December
The Canadian hotel industry recorded mostly positive year-over-year results in the three key performance metrics during the week of 15-21 December 2019, according to data from STR.
STR: Canada Hotel Results For Week Ending 14 December
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 8-14 December 2019, according to data from STR.
BC Hotel Association Ushers In New Era With New Chair Bryan Pilbeam And 2020 Board Of Directors
The BC Hotel Association (BCHA) is pleased to introduce its new Board of Directors, following an official announcement at the organization's AGM on November 25 at JW Marriott Parq Vancouver. Led by incoming Board Chair Bryan Pilbeam, the board's first order of business is to commence the search for a new leader to replace longtime President and CEO James Chase, who recently announced his retirement.
sbe's Iconic Hudson Hotel Makes Its First International Debut In Toronto
sbe, the leading international hospitality group that develops, manages and operates award-winning brands, today announced it is bringing one of the hotel industry's most influential hotels, New York's iconic Hudson, to Toronto, Canada. Set to debut in 2024, the proposed 75,000 square foot project will be developed in partnership with Lamb Development Corp and IE Hospitality, featuring 146 rooms. Hudson Toronto will be a marquee addition to Toronto's bustling King West community, the city's vibrant entertainment and creative district. Surrounded by a lively art scene, glowing nightlife and buzzing entertainment venues, the hotel will feature an array of sbe's premium culinary and nightlife experiences, including a rooftop restaurant, a three-meal signature restaurant, expansive bar and café, among other features to be announced.
DoubleTree by Hilton Kitchener Opens Following $4 Million Renovation
Following a $4 million renovation, DoubleTree by Hilton Kitchener opened its doors to guests this week. Owned by Sunray Group, a family-owned corporation and one of Canada's fastest growing hospitality and development companies, the hotel will continue its development in the coming years, with 40 additional rooms expected to open in 2021 as well as the addition of a Home2 Suites by Hilton hotel in 2022. Once complete, the dual-branded property will mark the hotel as the first mixed-use project in the Kitchener area.
Key Takeaways from the 2019 Western Canadian Lodging Conference
HVS was the Platinum Sponsor for the 2019 Western Canadian Lodging Conference (WCLC) that was held in Vancouver on November 25 and 26, 2019. The event welcomed more than 400 delegates, the highest attendance in the history of the conference. The main takeaways from the conference are briefly summarized in this article.
By Shu Lin (Sharon) Liu, Valuation & Consulting Associate from the HVS Vancouver office, HVS
STR: Canada Hotel Results For Week Ending 7 December
The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 1-7 December 2019, according to data from STR.
Pan Pacific Hotels Group Expands Footprint in North America With Latest Addition in Toronto
Pan Pacific Hotels Group puts another footprint in North America with the rebranding of The Westin Prince Hotel to Pan Pacific Toronto.