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Financial News for November 2009
A look at occupancy, ADR and RevPAR for selected Canadian markets in August 2009, plus September 2009 U.S. hotel performance information from STR.
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Posh boutique hotels pay attention to the details
Boutique hotels are not new, though some promoters in the industry would have consumers think they are. The concept is actually centuries old and began in Europe, according to Dr. Gabor Forgacs of the Ted Rogers School of Hospitality and Tourism Management with Ryerson University in Toronto, though such hotels were not known by the term “boutique.”
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Hoteliers waiting for the Olympic party to kick in
TORONTO—The pace of hotel bookings for the Olympic games in Vancouver and Whistler is very slow, Beth Walters, Vancouver director for PKF Canada told the 10th Annual PKF Outlook Forum held at the Hyatt Toronto on King October 8. Seattle had positive pre-event bookings, and Beijing had the desire of the world, but while some people still think the Olympic party atmosphere will kick in, so far it’s not happening.
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