Originally Posted by
AJLondon
Despite the still-weak CAD, all major metro Canadian properties seem to be taking a hammering...
I'm most surprised by Calgary.
Very weak hotel market due to the local economy being so focused on the oil industry, and room rates have been very low for almost two years (with no end in sight, and many new hotels coming on stream now).
But no category reductions -- and two increases. (I thought that SPG category was based on typical room rates for each property, no?)