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You are here: Home  November 2011  Financial News
Financial News
 
   

Measured optimism for Western Hotel and Resort Market

VANCOUVER—The Western Canadian Hotel and Resort Investment Conference, held in October in Vancouver, closed on a note of renewed enthusiasm.  The event, designed for hospitality executives and those involved in resort real estate, delivered solid information and outstanding value amidst an economic climate that can be described as turbulent, at best.

 
 
   

SCP links hiring practices, financing

TORONTO—At the Choice Fall Conference, Brian Leon, managing director, franchise growth and administration for Choice Hotels Canada, announced that Choice is now partnering with Toronto-based Social Capital Partners (SCP).

 
 
   

Arviat seeks hotel development partner

ARVIAT, NUNAVUT—Gap Adventures, now known as G Adventures, has taken up the new cultural itinerary of the Arviat Community Ecotourism (ACE) Initiative, and it is officially online for the 2012 season. Arviat is an Inuit hamlet located halfway up on the west side of Hudson’s Bay.

 
 
   

Provincial News ~ November 2011

EDMONTON—“Safety-In-A-Minute” is a safety awareness campaign for the hotel industry in Alberta presented by the Alberta Hotel Safety Association. “Communications I’ve had with the hotels have been consistent.  They recognize safety is an important component to business operations, but sometimes it feels daunting, and sometimes they just don’t know where to even begin,” said Barbara Malacko, AHSA executive director.  See this and other provincial news stories.

 
 
   

ADR is a matter of attitude

TORONTO—Average daily rate (ADR) “is a matter of attitude rather than math, and the revenue management function is not serving us all that well.”

 
 
 
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