Tuesday, January 12, 2010

Montreal Hotels Suffer 16-Year-Low In Occupancy Rate

From CJAD:

Montreal hotels suffered a 16-year low last year when it comes to the number of rooms they filled up.

The Montreal Hotel Association reports a 60.5% occupancy rate for 2009, compared to 65.1% in 2008.

"We really have to go back to 1993 to have a year's occupancy rate amongst our association members of less than 60.5%," executive vice president Bill Brown told CJAD News.

The economy was a big factor in what he calls the perfect storm affecting the hotel industry.

Read more ....

My Comment: I have friends who work in the industry .... and they are all telling me the same thing. Business sucks.

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