HALIFAX — Higher minimum-wage costs and a series of renovations has led to mixed, but mostly positive, results for Halifax-based Holloway Lodging, according to its Q2 results.
The first half of 2018 saw the company’s hotel revenue increase five per cent, while its operating income rose 9.2 per cent, according to a statement from the company.
Due to the post-flood renovations at its Super 8 hotel in Grande Prairie, Alta. and the leasing of its former Travelodge property in Slave Lake, Alta., Holloway Lodging saw positive results for the first half of the year. However, tough times in B.C and Atlantic Canada, as well as renovations to two restaurants in northern Canada have slowed the company’s growth this year.
The partial closure of the Travelodge in New Glasgow, N.S. and lower operating income at the company’s Ontario hotels has impacted profits, largely because of higher utility expenses and minimum wages.
What’s more, a restaurant closure at the Quality Inn in Yellowknife, N.W.T. and the partial closure of the restaurant at the Westmark Hotel and Conference Center in Whitehorse, Yukon also impacted profits.