A new report finds Canadian hotels are bouncing back nicely from the pandemic. According to str.com, a hotel tracking website based in Tennessee, Canada’s monthly hotel performance improved from the previous month yet again, and room rates reached the highest level since September 2019,. STR’s May 2022 data shows occupancy for the month at 63.4%, which is down a bit from May, 2019 (70.1%). But the average daily rate was up 2.8% to $171.37 CAD. “Overall, May was a strong month for Canada hotels, with many of the segments that have lagged in recovery showing real improvement,” said Laura Baxter, Read more
travel recovery
The Toronto tourism economy is rebounding strongly, but there are plenty of cautionary flags flying in the June breeze. I had a chance to sit down (virtually) the other day with Andrew Weir, Executive Vice President Destination Development for Destination Toronto, to talk about where the city is headed. Nobody’s popping the champagne corks just yet, but they might be thinking of what they might want to order at the LCBO when the time comes. “There’s absolutely a sentiment in the community now that we’re on the on-ramp back to that state of a thriving visitor economy,” Weir said. “I Read more
Tourism continues to recover at a strong pace, according to the United Nations World Tourism Organization. Globally, destinations welcomed almost three times as many international arrivals in the first quarter of 2022 as in the same period of 2021, with Europe leading the sector’s rebound. According to the latest UNWTO World Tourism Barometer, international tourism saw a 182% year-on-year increase in January-March 2022, with destinations worldwide welcoming an estimated 117 million international arrivals compared to 41 million in Q1 2021. Of the extra 76 million international arrivals for the first three months, about 47 million were recorded in March, showing that the Read more
