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CANAdIAN pubLICATION MAIL pROduCT sALEs AgREEMENT #40063470
THE MAGAZINE FOR HOTEL EXECUTIVES
/MAY 2014 $4 hoteliermagazine.com YEARS
THE CANADIAN HOTEL
INVESTMENT ISSUE
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HIL13010_Hotelier_Ad_Canada.indd 112/17/13 2:00 PM
Volume 26, Number 3
May 2014
MAY 2014
HOTELIER
1hoteliermagazine.com
Contents
Features
THE INVESTMENT LOW-DOWN
THE NUMBERS GAME
A GOOD YEAR
HERE WE GROW
TAKE YOUR PICK
DO YOUR HOMEWORK
THE REAL-ESTATE GAME
departments
EDITOR'S PAGE
CHECKING IN
HOTELIER:
COVER pHOTOgRApH bY ALEX LuKEY
2 MAY 2014 HOTELIER hoteliermagazine.com
EDITOR'S PAGE
F or almost 15 years,
Hotelier has
dedicated its May issue to the topic of investment ( see Investment
Roundtable and stories, starting on p. 10
Clearly, investors are the lifeblood of the
industry. They demonstrate condence in business, allow developers to create new hotel entities and motivate operators to upgrade their properties through renova- tions, refurbishment and expansion. But, as each downturn teaches us, it"s hard to generate investment without strong travel patterns and solid growth. It"s therefore reassuring for hoteliers to learn that global demand g enera tors show consumer confidence and strength is on the upswing. For example, according to a recent global travel trends survey by global forecaster Oxford Economics, The global travel industry is poised for a period of sustained growth over the next decade, driven in part by China "s share of global outbound travel, reaching as much as 20 per cent by 2023 Oxford Economic"s survey, Shaping the Future of Travel: Macro tre nds driving industry growth over the next decade," predicts an optimistic macro-economic outlook for global travel in the next decade. The survey shows the [travel] industry is projected to outstrip global GDP by appro xi mately two per cent, growing 5.4 per cent per annum," states the repo rt. Perhaps not surprisingly, China"s growth in outbound travel, whic h as recently as 2005 was just one per cent, is expected to overtake the U.S. to become the world"s largest outbound travel market this year, with the number of Chinese households able to afford overseas travel set to more than double in the next 10 years to reach 220 million. China will also become the biggest domestic travel market by 2017, driven largely by rapidly increasing GDP, rising employment levels and higher consumer spending," says the report. But China isn"t the only nation expected to grow outbound travel. According to the report, forecasts show other large emerging markets suc h as Russia, Brazil, India, Indonesia and Turkey will each average more th an ve-per-cent annual growth over the next 10 years, driven largely by rising wealth and changing consumer habits. Despite recent economic troubles in the Eurozone, Europe is expected to retain the lion"s share of tourism ows, but, perhaps not surprisi ngly Asia is the fastest-growing region for travel. As for Canada, with such signicant global growth predicted, isn"t it prime time we improved our marketing efforts to tap into this growing body of travellers?
PRIME TIME
For daily news and announcements:
on Twitter and on Facebook.
ADVISORY BOARD:
David McMillan
, AXIS HOSPITALITY INTERNATIONAL;
Bill Stone
, CBRE;
Anthony Cohen
, CRESCENT HOTELS -
GLOBAL EDGE INVESTMENTS;
Christiane Germain
, GROUPE
GERMAIN HOSPITALITÉ;
Lyle Hall
, HLT ADVISORY;
Charles
Suddaby, CUSHMAN & WAKEFIELD LTD. - HOSPITALITY
& GAMING GROUP;
Scott Allison
, MARRIOTT HOTELS
CANADA; Ryan Murray, HARBOUR HOUSE HOTEL -
NIAGARA'S FINEST INNS;
Drew Coles
, OXFORD PROPERTIES; David Larone, PKF CONSULTING; Geoffrey Allan, PROJECT CAPITAL MANAGEMENT HOTELS; Stephen Renard,
RENARD INTERNATIONAL HOSPITALITY & SEARCH
CONSULTANTS; Anne Larcade, SEQUEL HOTELS
& RESORTS;
Michael Haywood
, THE HAYWOOD GROUP;
David Mounteer
, THE
THOMPSON HOTEL, TORONTO
David Whitaker
, TOURISM TORONTO HOTELIER is published eight times a year by Kostuch Media Ltd., 23 Lesmill Rd., Suite 101, Toronto, Ont., M3B 3P6, (416) 447-0888, Fax (416) 447-5333. All rights reserved. Subscription rates: Canada: $25 per year, single issue $4, U.S.A.: $30 one year; all other countries $40 per year. Canadian Publication Mail Product Sales Agreement #40063470. Member of: Canadian Circulations Audit Board, the American Business Media and the Canadian Business Press. We acknowledge the financial support of the Government of Canada, through the Canadian Periodical Fund (CPF) for our publishing activities. Printed in Canada on recycled stock. MITCH KOSTUCH | PRESIDENT &
GROUP PUBLISHER
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ROSANNA CAIRA | EDITOR & PUBLISHER
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MARGARET MOORE | ART DIRECTOR
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BRIANNE BINELLI | MANAGING EDITOR
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ROSANNA CAIRA
Editor and Publisher
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MAY 2014 HOTELIER 3hoteliermagazine.com
THE LATEST INDUSTRY NEWS FOR HOTEL EXECUTIVES FROM CANADA
AND AROUND THE WORLD
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4 MAY 2014 HOTELIER hoteliermagazine.com
Warren Markwart is the principal of
MK2 Hospitality, Toronto, which
specializes in integrating hospitality tech nology with revenue- management strate gies, guest service and business objectives.
He can be reached at
warren.markwart@ mk2hospitality.com.
Stamford, Conn.'s Westin is
taking its wellness mandate to the next level, partnering with Venice, Calif.-based
Headspace meditation and
introducing a year-long, $15-million wellness initia tive, dubbed the Westin Well- being Movement. Headspace's founder and meditation expert, Andy Puddicombe will be a big part of the initia tive and will participate in an Advisory Board of wellness thought leaders" appointed to guide new initiatives. At Westin, our mission is to be a partner in our guest' s well- being before, during and after their stay, and this is the motivation be hind this movement," said Brian Povinelli, global brand leader for Westin
Hotels.
We are proud to partner with some of the world's premier wellness brands and experts to provide innovative, personalized offerings at our hotels around the world, with the goal of inspiring and empowering our guests and asso ci ates." The hotel company kicked off the launch across its properties with five- kilometre runs, mini-spa appointments, juice bars and group yoga session s for members of the public. New programs will roll out in the coming months.
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hoteliermagazine.com Banff"s towering mountains and lush national park served as the background for the 94th annual AHLA Convention and Trade Show, held last month at The Banff Centre in Alberta. Organized by the Alberta Hotel & Lodging Association (AHLA), the show featured three jam-packed days lled with networking opportunities and awards ceremo nies recognizing industry-leading housekeeping across the province. Industry leaders, along with members of the gov ernment and post-secondary institutions, also met during a Town Hall Meeting, where they discussed strategies to solve the upcoming labour shortage in the hospitality industry. Meanwhile, break-out sessions informed operators on how to better optimize hotel booking channels, raise housekeep ing standards and manage their online reputations. When members weren"t learning, they were checking out the nearly
90 hospitality exhibitors showing a range of products, from
technology to textiles.
InBrief
Members of Ottawa"s
Hotel Association of Canada
HAC ) met with the Parliamentary Tourism Caucus last month to advocate for a Connecting America" tourism campaign to attract more travellers to Canada. We need to get Canada to ve-per-cent annual inter national growth, which means continuing to work in emerging markets and reconnecting with our friends south of the border,"
Tony Pollard
, president of HAC, told the group...
Atlific Hotels
is now managing the
224-room Radisson Plaza Hotel in Regina the
Montreal-based company"s fourth in Saskatchewan...
Extended-stay boutique hotel accommodations are
aligning with condo living at the
SoHo Metropolitan
Residences Ottawa
, which comprise the upper two oors of the SoHo Lisgar Condominium...Motel 6
Stony Plain
in Alberta has been overhauled; its 72 guestrooms now have new bedding, 40-inch at-screen
LCd TVs and a new coat of paint...Toronto"s
quotesdbs_dbs14.pdfusesText_20
[PDF] Property Profiles 2018 - ATLIFIC HOTELS