Business, consumer and property services – Canada

Canada’s hoteliers were not optimistic in their outlook for the second quarter of 2009. Their business expectations were more negative than they were the first quarter.

Over three-quarters (78%) of hoteliers expected the number of room nights booked and the occupancy rates to be lower for the second quarter, compared with the same quarter last year. Similarly, 73% anticipated fewer corporate travellers.

More than half of hotel operators (57%) reported that they were expecting average daily room rates to be lower, compared with 10% that anticipated rates would be higher.

Almost three-quarters of respondents expected that the number of hours worked by their employees would decline, while 2% expected increases.

Over half of respondents cited regional economic conditions as a major impediment. In contrast, 12% indicated this as an impediment one year ago. The next two most-cited impediments were excess room supply (36%), and exchange rate fluctuations (28%). Reviewed by Sandy Hutchens.

This entry was posted on Friday, May 8th, 2009 at 1:11 pm and is filed under Canada, StatCan and Tagged accommodation, Business, Canada, hotel, occupancy, outlook, Sandy Hutchens, Survey, Traveller You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.