Strong Quarter Reported for Canadian Hotel Industry
HENDERSONVILLE, Tenn. — According to STR data, the Canadian hotel industry reported positive results in all three key performance metrics for the second-quarter of 2016.
Compared to Q2...
Starwood Hotels & Resorts Worldwide, Inc. Reports Q2 Losses
STAMFORD, Conn. — Starwood Hotels & Resorts Worldwide, Inc. (Starwood) reported a loss per share of $0.20 from continuing operations, compared to last year’s Q2 EPS of...
Marriott Reports Second-Quarter Results
BETHESDA, Md. — Marriott International, Inc. has reported positive results for the second quarter of 2016, along with plans for significant future growth.
The company reported net income...
Statistics Canada Releases Q1 National Tourism Indicators
OTTAWA — Statistics Canada has released its 2016 National Tourism Indicators for the first quarter of 2016, revealing positive economic indicators.
In Q1 2016, total tourism demand in...
Manga Hotel Buys Crowne Plaza Toronto Airport
TORONTO — Mississauga, Ont.-based Manga Hotels has acquired the 489-room Crowne Plaza Toronto Airport for an undisclosed price from Etobicoke, Ont.-based Royal Equator, which has quietly sold...
Airbnb Appoints New Director of Canadian Public Policy
TORONTO — Airbnb has added Alex Dagg to its growing policy team to lead the company's Canadian Public Policy work.
In her new role as director of Canadian...
American Travellers Worry About Terror Attacks When Planning Vacations
RICHMOND, Va. — Based on data from the Allianz Insurance Vacation Confidence Index, 86 per cent of Americans are concerned about terrorist attacks taking place at their...
Report Predicts Strong Year for Canadian Hotel Industry
MONTREAL — Global hospitality consulting brand Horwath HTL released its Canadian Hotel Industry Report today, which shows Canada has been recording continued increases in occupancy and average...
Airbnb Is Targeting Business Travellers
SAN FRANSISCO, Calif. — According to the New York Times, Airbnb has set its sights on business travellers. Since it entered the scene in 2008, Airbnb has...
AHIP Completes $103.5 Million Bought Deal
VANCOUVER — American Hotel Income Properties REIT LP (AHIP) has completed its public offering of 10,000,400 limited-partnership units.
The offering, conducted on a bought-deal basis at a price...
