Alberta hotel market growing despite economic challenges

Supply and demand growth in Alberta in 2019 are projected at 0.7 per cent and one per cent respectively for Edmonton and Calgary.

Alberta hotel market growing despite economic challengesAlberta’s hotel market continues to experience challenges in the wake of the province’s economic downturn, but Edmonton and Calgary are beginning to develop green shoots, according to a new report released Tuesday by commercial real estate firm CBRE. The report said supply and demand growth in Alberta in 2019 are projected at 0.7 per cent…

Alberta hotel transactions total $154 million in 2018

Canada’s hotel industry has a positive outlook, says report from commercial real estate firm Colliers International

Alberta hotel transactions total $154 million in 2018Transaction volume for Alberta hotels fell by 19 per cent year over year in 2018, according to a new report by commercial real estate firm Colliers International. The company’s 2019 Canadian Hotel Investment Report said there were 19 hotel transactions in 2018 for a dollar volume of $154 million in the province. That involved 1,860…

2018 record year for Canada’s tourism industry

Tourism generates 745,300 jobs across the country and creates an estimated $102.5 billion in income

2018 record year for Canada’s tourism industryTourism in Canada had its second consecutive record-breaking year in 2018 with 21.13 million travellers to Canada, according to a report released on Thursday by Destination Canada. The organization said tourism generates 745,300 jobs in communities across Canada and contributes an estimated $102.5 billion to the economy. “The results released today once again demonstrate that…

The nomadic life of retirement tourism

Among the many fascinating people found in San Miguel de Allende was a couple who sold everything to travel the world

The nomadic life of retirement tourismI’ve just returned from San Miguel de Allende full of interesting new experiences gathered in a 475-year-old Mexican central highlands town renowned worldwide for its hospitality to culturally creative folk. Those visitors like to rent 300-year-old casas, practise speaking Spanish and participate in a nuanced cosmopolitan life. The local media refer to this phenomenon as…

‘Tourism is a resilient economic shock absorber for Alberta’

Royce Chwin of Travel Alberta talks about creating reasons to visit all parts of the province, at all times of year

‘Tourism is a resilient economic shock absorber for Alberta’Royce Chwin is president and CEO of Travel Alberta. What has the tourism industry been like for Alberta in recent years? Chwin: On the whole, the Alberta visitor economy has seen year-on-year growth since 2015, despite the domestic economic climate. Our most recent numbers are from 2016 and it was a record year for tourism…

Nimble, creative deal-makers concentrate on building, operating hotels

Eric Watson explains how MasterBUILT Hotels’ business strategy allows the company to succeed in challenging times

Nimble, creative deal-makers concentrate on building, operating hotelsEric Watson is president of MasterBUILT Hotels. Tell me about MasterBUILT Hotels – the history of the company, the number of hotels and where they’re located. Watson: MasterBUILT Hotels was formed in April 2011 by two prominent Calgary business leaders and friends – Jay Westman and Marc Staniloff – with the mission of developing 75…

Canadian tourism industry booming

Tourism in the first six months of this year directly accounted for more than $18 billion of Canada's GDP

Canadian tourism industry boomingCanada's tourism industry is booming and the federal government says it’s having its best year ever. Tourism activities in the first six months of this year directly accounted for more than $18 billion of Canada's gross domestic product, an increase of more than six per cent over the first half of 2017, said the federal…

Tourism a growing driver of the Canadian economy

Tourism spending across the country hit $43.8 billion in the first half of 2018, up 5.7% from a year ago

Tourism a growing driver of the Canadian economyJust how important is the tourism industry to the overall Canadian economy? According to Statistics Canada, tourism spending in the country was $43.8 billion in the first half of 2018, up 5.7 per cent from a year ago. The federal agency reports that domestic revenues rose by 6.4 per cent to close to $34.5 billion…

Canmore Alberta’s first four-star hotel opening in November

But it is currently taking bookings for events and small group accommodation

Canmore Alberta’s first four-star hotel opening in NovemberAn Alberta-based hotel and resort developer is getting ready to open its latest offering, signalling it continuing confidence in the province’s hospitality industry. Clique Hotels and Resorts will open Canmore’s first four-star luxury hotel, the Malcolm Hotel at Spring Creek. It plans to officially open in November but is currently taking bookings for events and…

More Americans coming to Canada to visit

But Canadians made fewer trips to the U.S. in June, the third consecutive month of decline: StatsCan

More Americans coming to Canada to visitU.S. residents continue to love Canada when it comes to tourist visits. In June, Americans made 2.1 million trips to this country, up 3.5 per cent from May and the second highest monthly total this year after March, according to Statistics Canada. “U.S. residents made 378,000 overnight trips to Canada by plane in June, up…