Article #305178

Article Summary:Amid a sustained drop in demand, brand partners are seeking to lower costs for owners and franchisees who are trying to cover expenses and build back revenue. Primary Category: Brands Secondary Categories: Americas, Management, News,...

InnVest Secures $75-Million Credit Facility

TORONTO — Slate Asset Management, a leading alternative asset-management platform with a focus on real estate, has provided a $75-million non-revolving credit facility to Toronto-based InnVest Hotels LP. The credit facility was provided to InnVest...

Article #305163

Article Summary:News of successful trials for a COVID-19 vaccine has boosted hotel firms’ stock prices and valuations, but hoteliers need to remain focused on cash reserves, advisors caution.  Primary Category: Ownership Secondary Categories: Brands, Financing, Management,...

Canadian Hotel Occupancy at 39.2 Per Cent

HENDERSONVILLE, Tenn. — Canadian hotel performance reported slightly lower performance for the week ending October 31 compared to prior weeks, according to STR data. In a year-over-year comparison, the industry reported a 49.8-per-cent drop in...

Latin America’s Hotel Construction Pipeline Continues to Decline

PORTSMOUTH, N.H. — Latin America’s total construction pipeline stands at 671 projects/116,731 rooms, down seven per cent by projects and 11 per cent by rooms, year-over-year (YOY), according to Lodging Econometrics’ Q3 ’20 Latin...

Article #305151

Article Summary:With plans slated to convert 200 Marriott International and InterContinental Hotels Group properties to Sonesta brands, Service Properties Trust President and CEO John Murray said he expects Sonesta’s team to be ready to...

Article #305147

Article Summary:With vaccines and more efficient testing on the horizon, the coronavirus might not go away completely, but it can be handled and business will come back, hotel industry CEOs said on a panel...

Tourism Nova Scotia Partners with Airbnb

HALIFAX — Tourism Nova Scotia and Airbnb have partnered to promote safe and healthy tourism and experiences within the province. As part of this partnership, Airbnb has developed a website dedicated to highlighting listings and...

Travel Alberta Names David Goldstein as New Chief Executive Officer

CALGARY — David Goldstein has been appointed as Travel Alberta’s new CEO, effective November 16, 2020. He takes over the role from Chris Heseltine, who has served as the acting CEO for the past...

Canada Takes Third in ‘Nation Brand’ Ranking

PARIS — Canada was ranked as the third-best “nation brand,” according to the 2020 Anholt-Ipsos Nation Brands Index (NBI), marking the second-consecutive year Canada has ranked third out of the index’s 50 countries. The NBI...

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