PKF OUTLOOK FOR THE CANADIAN LODGING SECTOR 2014/2015

Save this PDF as:
Size: px
Start display at page:

Download "PKF OUTLOOK FOR THE CANADIAN LODGING SECTOR 2014/2015"

Transcription

1 PKF OUTLOOK FOR THE CANADIAN LODGING SECTOR 2014/2015 September 16, 2014

2 Economic and Travel Outlooks

3 Real GDP (Trillions) National Economic Outlook /15 2.5% $ % 2.3% 4.0% $1.75 $ % $1.70 $1.70 $ % $1.65 $1.60 $1.59 $1.63 $ % 0.0% % Change Real GDP % Change $1.55 $ % $1.50 $ % $ f 2015p -3.0% Source: Statistics, Conference Board of, Metropolitan Outlook Fall 2014, Scotiabank Group Global Forecast Update 2014; CIBC World Markets Monthly FX Outlook, 2014; RBC Economic and Financial Market Outlook 2014 Source: Inc. with reproduction and use of information subject to PKF Disclaimer

4 National Travel Outlook 2014/15 Overnight Travel 2013 Actual 2014 Forecast 2015 Projection Business Travel Dom est ic 1.6% 2.0% 2.7% Pleasure Travel Dom est ic 0.9% 2.2% 2.9% Total Domestic Travel 1.0% 1.7% 2.5% U.S. Travel 1.2% 1.6% 3.5% Overseas Travel 2.5% 5.4% 4.1% TOTAL OVERNIGHT TRAVEL 1.0% 1.8% 2.7% National Accommodation Demand Grow th 2.3% 2.7% 2.7% Source: Canadian Tourism Research Institute, Conference Board of, Preliminary Fall 2014 Forecast Source: Inc. with reproduction and use of information subject to PKF Disclaimer

5 Regional Travel Outlooks - % Growth Western 2015p 2014f % 2.8% 3.1% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 2015p 2.5% Central 2014f % 1.4% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 2015p 1.8% Atlantic 2014f % 1.4% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% Source: Canadian Tourism Research Institute, Conference Board of, Preliminary Fall 2014 Forecast Source: Inc. with reproduction and use of information subject to PKF Disclaimer

6 National Market & Financial Outlooks 2014/2015

7 Percent Growth National Supply & Demand Outlook 3.0% 2.5% Supply & Demand Growth 2.3% 2.7% 2.7% 2.0% 1.5% 1.5% National Occupancy 2013 Actual 63% 1.0% 0.5% 0.6% 0.7% 2014 Forecast 64% 2015 Projection 65% 0.0% f 2015p f 2015p Supply Demand Source: Inc. with reproduction and use of information subject to PKF Disclaimer

8 Adjusted Net Operating Income per Available Room ($000's) National ADR, RevPar & Bottom Line Outlook National ADR Growth 2013 Actual 2.4% 2014 Forecast 2.5% 2015 Projection 2.5% $11.0 ANOI Growth National RevPar Growth 2013 Actual 4.2% 2014 Forecast 4.6% 2015 Projection 3.7% 5.1% $ % $10.8 $10.0 $9.5 $9.0 $ % $9.6 $10.3 $ f 2015p Source: Inc. with reproduction and use of information subject to PKF Disclaimer

9 Room Supply (000's) National Accommodation Supply % % % 0.7% % % (f) 2015 (p) Note: Room supply is year round supply greater than 29 rooms. Source: Inc. with reproduction and use of information subject to PKF Disclaimer

10 Occupied Room Nights (Millions) National Accommodation Demand % % % % % % (f) 2015 (p) Note: Room supply is year round supply greater than 29 rooms. Source: Inc. with reproduction and use of information subject to PKF Disclaimer

11 National Market Outlook 2012 Actual 2013 Actual 2014 Forecast 2015 Projection Occupancy 62% 63% 64% 65% ADR $129 $133 $136 $139 $80 $83 $87 $90 Source: Inc. Source: Inc. with reproduction and use of information subject to PKF Disclaimer

12 Adjusted Net Operating Income Per Available Room ($000's) National Financial Outlook $12 $10 $8 13.3% $9.1 (7.2%) $ % $ % $ % $ % $10.8 $6 $4 $2 $ (f) 2015 (p) NOTE: Adjusted Net Operating Income is defined as income after property taxes, insurance, management fees, franchise fees, and capital reserves; but before rent, interest, income taxes, depreciation and amortization. Source: Inc. with reproduction and use of information subject to PKF Disclaimer

13 Regional Market & Financial Outlooks

14 ($) Regional RevPar Outlook 3.8% 2014 RevPar Growth $95 3.6% Western 4.5% Central 5.1% $90 $85 $80 $75 $70 $88 $92 $95 $81 $85 $88 2.7% Atlantic 0.7% 2015 RevPar Growth Western 3.8% $65 $70 $71 $72 Central 3.6% $60 Atlantic 2.7% $55 $50 West Central Atlantic f 2015p Source: Inc. with reproduction and use of information subject to PKF Disclaimer

15 Adjusted Net Operating Income per Available Room ($000's) Regional Bottom Line Outlook 5.4% 2014 ANOI Growth Western 7.1% $14.0 $12.0 $13.0 $14.0 $ % Central 9.9% Atlantic (3.4%) $10.0 $8.0 $6.0 $7.3 $8.0 $8.4 $7.1 $ % $ ANOI Growth Western 5.4% Central 4.9% $4.0 Atlantic 2.6% $2.0 $0.0 West Central Atlantic f 2015p Source: Inc. with reproduction and use of information subject to PKF Disclaimer

16 Regional Market Outlooks 2012 Actual 2013 Actual 2014 Forecast 2015 Projection Western 63% 64% 65% 65% $133 $137 $141 $146 $83 $88 $92 $95 Atlantic 58% 59% 58% 59% $119 $120 $121 $123 $69 $70 $71 $72 Central 62% 63% 64% 65% $127 $130 $133 $135 $78 $81 $85 $88 Source: Inc. with reproduction and use of information subject to PKF Disclaimer

17 Adjusted Net Operating Income Per Available Room ($000's) $6.8 $7.2 $7.1 $7.3 $6.9 $8.0 $7.0 $8.4 $11.9 $13.0 $14.0 $14.7 Regional Financial Outlook $16 $14 $12 $10 $8 $6 $4 $2 $ (f) 2015 (p) Atlantic Central West NOTE: Adjusted Net Operating Income is defined as income after property taxes, insurance, management fees, franchise fees, and capital reserves; but before rent, interest, income taxes, depreciation and amortization. Source: Inc. with reproduction and use of information subject to PKF Disclaimer

18 Product Segment Outlooks

19 ($) Product Top Line Outlook 3.1% 1.7% 2014 RevPar Growth Full Service 5.7% 100 Limited Service 4.0% $90 $95 $98 $64 $66 3.8% $69 $99 $101 $103 All Suites/Ext. Stay 2.5% 2015 RevPar Growth Full Service 3.1% Full Service Limited Service All Suites/Ext. Stay Limited Service 3.8% All Suites/Ext. Stay 1.7% f 2015p Source: Inc. with reproduction and use of information subject to PKF Disclaimer

20 Adhysted Net Operating Income per Available Room ($000's) Product Bottom Line Outlook % 4.4% 1.0% 2014 NOI Growth Full Service 11.3% Limited Service 5.1% 10 8 $9.1 $10.1 $10.5 $10.5 $11.0 $11.5 $10.8 $11.1 $11.2 All Suites/Ext. Stay 2.1% 2015 NOI Growth 6 Full Service 4.0% Full Service Limited Service All Suites/Ext. Stay Limited Service 4.4% All Suites/Ext. Stay 1.0% f 2015p Source: Inc. with reproduction and use of information subject to PKF Disclaimer

21 Product Segment Market Outlooks 2012 Actual 2013 Actual 2014 Forecast 2015 Projection Full Service 64% 65% 67% 67% $135 $138 $143 $146 $87 $90 $95 $98 Limited Service 58% 59% 60% 61% $104 $107 $110 $113 $61 $64 $66 $69 All Suites/Ext Stay 69% 70% 71% 70% $136 $140 $143 $146 $94 $99 $101 $103 Resorts 53% 54% 55% 57% $190 $193 $199 $204 $100 $105 $110 $116 Source: Inc. Source: Inc. with reproduction and use of information subject to PKF Disclaimer

22 Adjusted Net Operating Income Per Available Room ($000's) $8.5 $10.0 $9.7 $9.1 $10.5 $10.8 $10.1 $11.0 $11.1 $10.5 $11.5 $11.2 $15.7 $16.8 $18.3 $19.6 Product Segment Financial Outlook $25 $20 $15 $10 $5 $ (f) 2015 (p) Full Service Limited Service All Suites/Ext Stay Resorts NOTE: Adjusted Net Operating Income is defined as income after property taxes, insurance, management fees, franchise fees, and capital reserves; but before rent, interest, income taxes, depreciation and amortization. Source: Inc. with reproduction and use of information subject to PKF Disclaimer

23 Major Market Outlooks

24 Niagara Falls Toronto Vancouver Ottawa Montreal Quebec City Halifax Edmonton Winnipeg St. John s Calgary Regina Saskatoon Major Market Outlooks* RevPar Projection > 5% RevPar Growth 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% -1.0% -2.0% -3.0% -4.0% -5.0% 2-4% RevPar Growth < 2% RevPar Growth 2015 Ranking Calgary $119 Vancouver $107 St. John s $107 Ottawa $103 Montreal $102 Toronto $100 Saskatoon $99 Edmonton $95 Quebec City $92 Niagara Falls $88 Regina $87 Halifax $81 Winnipeg $76 * Major Markets refer to Greater Metro Areas Source: Inc. with reproduction and use of information subject to PKF Disclaimer

25 Canadian Hotel Lending Outlook

26 Lender Survey 2014 Key Findings Decrease in number of loans issued by individual lenders Decrease in size of loans Less restrictions on hotel lending No shift in loan to value ratios Upward pressure on interest rates Shortening of amortization periods Source: Inc. with reproduction and use of information subject to PKF Disclaimer

27 Western Outlooks

28 Western Outlooks 2012 Actual 2013 Actual 2014 Forecast 2015 Projection Vancouver 67% 69% 72% 72% $135 $138 $144 $149 $91 $96 $103 $107 Calgary 71% 73% 71% 69% $156 $162 $167 $172 $110 $118 $118 $119 Edmonton 67% 70% 70% 69% $122 $127 $133 $139 $81 $89 $93 $95 Western 63% 64% 65% 65% $133 $137 $141 $146 $83 $88 $92 $95 Source: Inc. with reproduction and use of information subject to PKF Disclaimer

29 Western Outlooks 2012 Actual 2013 Actual 2014 Forecast 2015 Projection Saskatoon 74% 73% 71% 67% $140 $146 $146 $149 $104 $106 $104 $99 Regina 73% 75% 67% 63% $125 $133 $136 $138 $91 $100 $91 $87 Winnipeg 66% 63% 60% 60% $120 $122 $125 $127 $79 $77 $75 $76 Western 63% 64% 65% 65% $133 $137 $141 $146 $83 $88 $92 $95 Source: Inc. with reproduction and use of information subject to PKF Disclaimer

30 Central Outlooks

31 Central Outlooks 2012 Actual 2013 Actual 2014 Forecast 2015 Projection Toronto 66% 68% 70% 71% $130 $134 $138 $142 $86 $91 $96 $100 Niagara Falls 59% 59% 61% 62% $130 $133 $138 $142 $77 $78 $84 $88 Ottawa 70% 68% 70% 71% $141 $140 $142 $145 $98 $96 $100 $103 Central 62% 63% 64% 65% $127 $130 $133 $135 $78 $81 $85 $88 Source: Inc. with reproduction and use of information subject to PKF Disclaimer

32 Central Outlooks 2012 Actual 2013 Actual 2014 Forecast 2015 Projection Montreal 65% 67% 68% 70% $136 $140 $143 $146 $88 $93 $97 $102 Quebec City 62% 60% 62% 62% $146 $143 $146 $149 $90 $86 $90 $92 Central 62% 63% 64% 65% $127 $130 $133 $135 $78 $81 $85 $88 Source: Inc. with reproduction and use of information subject to PKF Disclaimer

33 Atlantic Outlooks

34 Atlantic Outlooks 2012 Actual 2013 Actual 2014 Forecast 2015 Projection Halifax 64% 63% 62% 62% $126 $125 $128 $131 $81 $79 $79 $81 St. John s 74% 76% 69% 68% $144 $149 $153 $157 $106 $113 $106 $107 Atlantic 58% 59% 58% 59% $119 $120 $121 $123 $69 $70 $71 $72 Source: Inc. with reproduction and use of information subject to PKF Disclaimer

35 National Financial Outlook Beyond 2014

36 Adjusted Net Operating Income Per Available Room ($000's) National Financial Outlook Beyond 2014 $20 $18 $16 $14 $12 $10 $8 $6 $4 $2 $0 29% $ % (5%) $14.7 $ % $12.1 (26%) $ % 33% (10%) $10.9 $8.9 (18%) $9.2 $8.4 $7.5 $8.0 $ Central Western Atlantic NOTE: Adjusted Net Operating Income is defined as income after property taxes, insurance, management fees, franchise fees, and capital reserves; but before rent, interest, income taxes, depreciation and amortization. Source: Inc. with reproduction and use of information subject to PKF Disclaimer

37 NATIONAL DIRECTORS David Larone Brian Stanford Fran Hohol PKF TORONTO Erin O Brien Rebecca Godfrey Nicole Nguyen Robert Sedore Gregory Hives Lauren Arnold JoAnne Orr PKF VANCOUVER David Ferguson Kirstin Hallett Trevor Scott Carol Lopes PKF ASSOCIATE Steve Rayner AACI

GREATER TORONTO HOTEL ASSOCIATION PKF CONSULTING AND CBRE HOTELS OUTLOOK FOR THE CANADIAN LODGING SECTOR 2015/2016. September 15, 2015

GREATER TORONTO HOTEL ASSOCIATION PKF CONSULTING AND CBRE HOTELS OUTLOOK FOR THE CANADIAN LODGING SECTOR 2015/2016. September 15, 2015 GREATER TORONTO HOTEL ASSOCIATION PKF CONSULTING AND CBRE HOTELS OUTLOOK FOR THE CANADIAN LODGING SECTOR 2015/2016 September 15, 2015 Economic and Travel Outlooks National Economic Outlook - 2015/16 1.4%

More information

TOURISM AND HOSPITALITY SECTOR IN TORONTO

TOURISM AND HOSPITALITY SECTOR IN TORONTO 2012 TOURISM AND HOSPITALITY SECTOR IN TORONTO Toronto Workforce Innovation Group About the Toronto Workforce Innovation Group The Toronto Workforce Innovation Group conducts research, disseminates information

More information

Re-Settlers: The Secondary Migration of Immigrants Between Canada s Cities Jack Jedwab Executive Director Association for Canadian Studies

Re-Settlers: The Secondary Migration of Immigrants Between Canada s Cities Jack Jedwab Executive Director Association for Canadian Studies Re-Settlers: The Secondary Migration of s Between Canada s Cities Jack Jedwab Executive Director Association for Canadian Studies Immigration is an important source of growth for Canada s cities. s tend

More information

HOTEL INDUSTRY FACT SHEET September 2015

HOTEL INDUSTRY FACT SHEET September 2015 HOTEL INDUSTRY FACT SHEET September 2015 Canadian Hotel Statistics o 8,139 properties o 442,552 rooms o 288,000 employees o 64% Occupancy Rate (2015 Forecast) o $141 Average Daily Rate (2015 Forecast)

More information

Forecasting Ottawa s Economic Future

Forecasting Ottawa s Economic Future Forecasting Ottawa s Economic Future Never Assume that the Ottawa-Gatineau Economy is Down and Out Mario Lefebvre Director, Centre for Municipal Studies Chateau Laurier, Ottawa October 31, 2012 Uneven

More information

Canadian Consumer Credit Trends. Q3 2014 Prepared by: Equifax Analytical Services

Canadian Consumer Credit Trends. Q3 2014 Prepared by: Equifax Analytical Services Canadian Consumer Credit Trends Q3 2014 Prepared by: Equifax Analytical Services About Equifax Inc. Equifax is a global leader in consumer, commercial and workforce information solutions that provide businesses

More information

A LOOK AT THE CANADIAN LODGING INDUSTRY IN 2011 AND AHEAD TO 2012

A LOOK AT THE CANADIAN LODGING INDUSTRY IN 2011 AND AHEAD TO 2012 OCTOBER 2011 CANADIAN MONTHLY LODGING OUTLOOK A LOOK AT THE CANADIAN LODGING INDUSTRY IN 2011 AND AHEAD TO 2012 Carrie Russell, AACI Senior Vice President www.hvs.com HVS IN CANADA 6 Victoria Street, Toronto,

More information

Canadian Consumer Credit Trends. Q3 2013 Prepared by: Equifax Analytical Services

Canadian Consumer Credit Trends. Q3 2013 Prepared by: Equifax Analytical Services Canadian Consumer Credit Trends Q3 2013 Prepared by: Equifax Analytical Services About Equifax Inc. Equifax is a global leader in consumer, commercial and workforce information solutions that provide businesses

More information

Strengths WithInn. InnVest Real Estate Investment Trust 2002 Annual Report

Strengths WithInn. InnVest Real Estate Investment Trust 2002 Annual Report Strengths WithInn InnVest Real Estate Investment Trust 2002 Annual Report Corporate Profile InnVest Real Estate Investment Trust ( InnVest ) was established in January 2002 as an open-ended real estate

More information

CBRE LENDERS SURVEY LOOKING AT 2015 LENDING TRENDS IN CANADA FINANCING DEBT COMMERCIAL REAL ESTATE BOND TERM DEBT YIELDS MORTGAGE ACQUISITION

CBRE LENDERS SURVEY LOOKING AT 2015 LENDING TRENDS IN CANADA FINANCING DEBT COMMERCIAL REAL ESTATE BOND TERM DEBT YIELDS MORTGAGE ACQUISITION CBRE LENDERS SURVEY LOOKING AT 2015 LENDING TRENDS IN CANADA COMMERCIAL REAL ESTATE DEBT FINANCING TERM DEBT YIELDS MORTGAGE ACQUISITION REFINANCING BOND INTEREST RATE ABOUT CBRE CBRE Group, Inc. (NYSE:CBG),

More information

Key Performance Indicators

Key Performance Indicators Key Performance Indicators A guide to help you understand the key financial drivers in your business Running any business effectively requires good decision making which is based on good and timely management

More information

RETAINING THE BENEFITS OF HOTEL EDUCATION

RETAINING THE BENEFITS OF HOTEL EDUCATION MAY 2011 CANADIAN MONTHLY LODGING OUTLOOK RETAINING THE BENEFITS OF HOTEL EDUCATION Lauren Cairns Intern Betsy MacDonald, MAI, AACI, FRICS, ISHC Managing Director www.hvs.com HVS IN CANADA 6 Victoria Street,

More information

Calgary Small Businesses: Fact Sheet

Calgary Small Businesses: Fact Sheet Calgary Small Businesses: Fact Sheet Calgary small businesses account for nearly 95 per cent of all businesses they are a driving force within the city s business community. Small business owners have

More information

Revenue Requirement Application 2004/05 and 2005/06. Volume 2. Appendix D. Electric Rates Comparison

Revenue Requirement Application 2004/05 and 2005/06. Volume 2. Appendix D. Electric Rates Comparison Revenue Requirement Application 00/0 and 00/0 Volume Appendix D. Electric Rates Comparison Table of Contents 1 Consumer Price Index... 1 Rates Comparison... List of Figures None. List of Tables Table 1A.

More information

The Value of a CHRP: More Promotions and Better Pay

The Value of a CHRP: More Promotions and Better Pay The Value of a CHRP: More Promotions and Better Pay The Value of a CHRP: More Promotions and Better Pay The Human Resources profession is gaining strength and credibility in the business world. As a relative

More information

Entrepreneurship 101 for Internationally Educated Professionals. October 23, 2012

Entrepreneurship 101 for Internationally Educated Professionals. October 23, 2012 Entrepreneurship 101 for Internationally Educated Professionals October 23, 2012 0 Agenda Small Business Landscape in Canada About Canada Business Ontario (CBO) CBO Service Overview Secondary Market Research

More information

Canada-U.S. Tax Treaty Impact on Retirement Plans

Canada-U.S. Tax Treaty Impact on Retirement Plans 16 October 2007 Canada-U.S. Tax Treaty Impact on Retirement Plans Amendments to the Canada-U.S. Tax Treaty (Treaty) could introduce considerable relief as early as 2008 for cross-border employees who participate

More information

Canadian Consumer Credit Trends. Q3 2015 Prepared by: Equifax Analytical Services

Canadian Consumer Credit Trends. Q3 2015 Prepared by: Equifax Analytical Services Canadian Consumer Credit Trends Q3 2015 Prepared by: Equifax Analytical Services About Equifax Inc. Equifax is a global leader in consumer, commercial and workforce information solutions that provide businesses

More information

Updating the Benefits of the GST New Housing Rebate

Updating the Benefits of the GST New Housing Rebate Housing Affordability and Choice for Canadians: Building on Success Updating the Benefits of the Introduction: When the Goods and Services Tax (GST) was introduced in 1991, the federal government recognized

More information

TAXES AND SURCHARGES ON AIRLINE TICKETS

TAXES AND SURCHARGES ON AIRLINE TICKETS PRB 05-72E TAXES AND SURCHARGES ON AIRLINE TICKETS Allison Padova Economics Division 22 February 2006 PARLIAMENTARY INFORMATION AND RESEARCH SERVICE SERVICE D INFORMATION ET DE RECHERCHE PARLEMENTAIRES

More information

Attachment A. Electricity Rate Comparison Annual Report. May 1, 2011 Rates

Attachment A. Electricity Rate Comparison Annual Report. May 1, 2011 Rates Electricity Rate Comparison Annual Report May 1, 2011 Rates List of Tables Table 1 Residential Monthly Bills... 4 Table 2 Small Power Monthly Bills... 5 Table 3 Medium Power Monthly Bills... 6 Table 4

More information

National Retail Report Canada FALL 2015 EDITION. Accelerating success.

National Retail Report Canada FALL 2015 EDITION. Accelerating success. National Retail Report Canada FALL 2015 EDITION Accelerating success. Report prepared by Colliers International Consulting James Smerdon Vice President and Director, Retail Consulting DIRECT +1 604 685

More information

FP Newspapers Income Fund

FP Newspapers Income Fund FP Newspapers Income Fund 2006 Annual Meeting May 9, 2007 TSX: FP.UN Formal Meeting Annual General Meeting Introduction Quorum Resolutions 2 FP Newspapers Income Fund 2006 Annual Meeting Ronald N. Stern,

More information

Article. Work absences in 2011. by Maria Dabboussy and Sharanjit Uppal

Article. Work absences in 2011. by Maria Dabboussy and Sharanjit Uppal Component of Statistics Canada Catalogue no. 75-001-X Perspectives on Labour and Income Article Work absences in 2011 by Maria Dabboussy and Sharanjit Uppal April 20, 2012 Statistics Canada Statistique

More information

Cultural Diversity May Be Increasing in Both Canada and the United States, But Important Differences Remain. By Dr. Doug Norris

Cultural Diversity May Be Increasing in Both Canada and the United States, But Important Differences Remain. By Dr. Doug Norris Cultural Diversity May Be Increasing in Both Canada and the United By Dr. Doug Norris Table of Contents Introduction... 3 U.S. Cultural Diversity... 3 Table 1... 4 Table 2... 5 Cultural Diversity in Canada...

More information

COMPARISON OF ELECTRICITY PRICES IN MAJOR NORTH AMERICAN CITIES. Rates in effect April 1, 2015 0,0272

COMPARISON OF ELECTRICITY PRICES IN MAJOR NORTH AMERICAN CITIES. Rates in effect April 1, 2015 0,0272 COMPARISON OF ELECTRICITY PRICES IN MAJOR NORTH AMERICAN CITIES Rates in effect April 1, 2015 0,0272 TABLE OF CONTENTS INTRODUCTION 3 METHOD 7 HIGHLIGHTS 9 Residential Customers 9 Small-Power Customers

More information

Competitive Alternatives 2014: Special Report - Focus on Tax

Competitive Alternatives 2014: Special Report - Focus on Tax Competitive Alternatives 2014: Special Report - Focus on Tax Focus on Tax is a supplement to the 2014 Competitive Alternatives report, a global report released in March examining significant business costs

More information

THE CURRENT STATUS OF HOTEL DEVELOPMENT ACTIVITY AND CONSTRUCTION COSTS IN CANADA

THE CURRENT STATUS OF HOTEL DEVELOPMENT ACTIVITY AND CONSTRUCTION COSTS IN CANADA CANADIAN MONTHLY LODGING OUTLOOK JANUARY 2013 THE CURRENT STATUS OF HOTEL DEVELOPMENT ACTIVITY AND CONSTRUCTION COSTS IN CANADA www.hvs.com HVS IN CANADA 6 Victoria Street, Toronto, ON M5E 1L4, CANADA

More information

INTERNATIONAL TOURIST MOVEMENTS IN CANADA AND QUEBEC

INTERNATIONAL TOURIST MOVEMENTS IN CANADA AND QUEBEC ARTICLES , International págs. 359-363 tourist movements in Canada and Quebec INTERNATIONAL TOURIST MOVEMENTS IN CANADA AND QUEBEC Joana Maria Seguí Pons Universitat de les Illes Balears I. INTRODUCTION.

More information

Entry Into The Canadian Market

Entry Into The Canadian Market Entry Into The Canadian Market Setting up a Business in Canada: For organizations looking to enter into a developed market, Canada is a great place to be. It is a well-developed nation with investor friendly

More information

Open Government and Information Management. Roy Wiseman Executive Director, MISA/ASIM Canada CIO (Retired), Region of Peel roy.wiseman@outlook.

Open Government and Information Management. Roy Wiseman Executive Director, MISA/ASIM Canada CIO (Retired), Region of Peel roy.wiseman@outlook. Open Government and Information Management Roy Wiseman Executive Director, MISA/ASIM Canada CIO (Retired), Region of Peel roy.wiseman@outlook.com Open Government Defined Government of Canada defines Open

More information

POLLINATING YOUR INBOX WITH HOT LEADS

POLLINATING YOUR INBOX WITH HOT LEADS POLLINATING YOUR INBOX WITH HOT LEADS BUZZPRO IS OUR AGENT REFERRAL PROGRAM THAT CONNECTS EAGER POTENTIAL BUYERS TO EXPERT BUZZPRO AGENTS 2015 ONLINE LEAD REFERRAL KIT WHY CHOOSE BUZZPRO? 2500+ USER INQUIRIES

More information

70% Fuel for HR Careers

70% Fuel for HR Careers Fuel for HR Careers In 2012, in conjunction with the Human Resources Professionals Association (HRPA), Canada s HR thought leader, PayScale conducted the first comprehensive 5-year look-back at HR salaries

More information

SUMMARY OF SERVICES WWW.WHRELOCATIONS.COM

SUMMARY OF SERVICES WWW.WHRELOCATIONS.COM SUMMARY OF SERVICES WWW.WHRELOCATIONS.COM Features of our Service CUSTOMIZED EXPERT ASSISTANCE FOR ALL YOUR NEEDS National coverage we have an established network of specialists in many major centers in

More information

Canadians divided on satisfaction with immigration policy. Unsure 15% Dissatisfied 20% Somewhat satisfied

Canadians divided on satisfaction with immigration policy. Unsure 15% Dissatisfied 20% Somewhat satisfied Immigration Policy Canadians divided on satisfaction with immigration policy QUESTION: Are you satisfied, somewhat satisfied, somewhat dissatisfied or dissatisfied with the federal government s immigration

More information

Business Outlook Survey Results of the Summer 2015 Survey Vol. 12.2 6 July 2015

Business Outlook Survey Results of the Summer 2015 Survey Vol. 12.2 6 July 2015 Business Outlook Survey Results of the Summer 15 Survey Vol. 12.2 6 July 15 The summer Business Outlook Survey points to a diverging outlook across regions. While there are some encouraging signs, owing

More information

DIGITAL ECONOMY ANNUAL REVIEW

DIGITAL ECONOMY ANNUAL REVIEW DIGITAL ECONOMY ANNUAL REVIEW LABOUR MARKET DIGITAL ECONOMY TALENT ICT 2 0 1 4 THE INFORMATION AND COMMUNICATIONS TECHNOLOGY COUNCIL (ICTC) RESEARCH BY: THE INFORMATION AND COMMUNICATIONS TECHNOLOGY COUNCIL

More information

TOURISM IN TORONTO A MARKET ANALYSIS PUBLISHED JUNE 2010

TOURISM IN TORONTO A MARKET ANALYSIS PUBLISHED JUNE 2010 TOURISM IN TORONTO A MARKET ANALYSIS PUBLISHED JUNE 2010 CONTENTS Key Facts 2009 3 U.S. Visitors 29 Overseas Visitors 47 Introduction 4 Overnight Visitors by Origin 29 Overnight Overseas Visitors: 2009

More information

Bank of America Merrill Lynch Leveraged Finance Conference

Bank of America Merrill Lynch Leveraged Finance Conference Bank of America Merrill Lynch Leveraged Finance Conference December 5, 2012 Forward-Looking Statements This presentation may include certain information that is forward-looking information under applicable

More information

Grand & Toy Solutions For Small Business

Grand & Toy Solutions For Small Business Grand & Toy Solutions For Small Business Head Office 33 Green Belt Drive, Toronto, Ontario M3C 1M1 416.391.8111 1.866.391.8111 Branch Offices Bureau Spec/Montreal Calgary Dartmouth Edmonton Fort McMurray

More information

PROPERTIES OF SUCCESS AUGUST 2010 Q2 10 INSTITUTIONAL INVESTOR PRESENTATION

PROPERTIES OF SUCCESS AUGUST 2010 Q2 10 INSTITUTIONAL INVESTOR PRESENTATION 1 PROPERTIES OF SUCCESS AUGUST 2010 Q2 10 INSTITUTIONAL INVESTOR PRESENTATION FORWARD LOOKING DISCLAIMER Certain information included in this presentation contains forward looking statements within the

More information

REGIONAL HOUSING REPORT

REGIONAL HOUSING REPORT REGIONAL HOUSING REPORT TD Economics CANADIAN REGIONAL HOUSING OUTLOOK: the booming, the struggling and the stable Housing in Canada can best be characterized as a three speed market: the booming (Toronto,

More information

Institute of Housing Management (IHM)

Institute of Housing Management (IHM) Institute of Housing Management (IHM) 2175 Sheppard Avenue East, Suite 310 Toronto, Ontario M2J 1W8 Telephone: (416) 493-7382 Fax: (416) 491-1670 E-Mail: ihm@taylorenterprises.com The organization (www.ihm-canada.com)

More information

Part I: The New Guidelines and Operating Statements for 2015

Part I: The New Guidelines and Operating Statements for 2015 A Close Look at the USALI 11th Revised Edition Part I: The New Guidelines and Operating Statements for 2015 By Raymond S. Schmidgall, Ph.D., CPA and Agnes DeFranco, Ed.D., CHE, CHAE With the new edition

More information

Banks in Canada Helping our Small and Medium-sized Enterprises Grow and Succeed

Banks in Canada Helping our Small and Medium-sized Enterprises Grow and Succeed Banks in Canada Helping our Small and Medium-sized Enterprises Grow and Succeed October 2013 Overview Small and medium sized enterprises (SMEs 1 ) are a vital part of the Canadian economy and, as a result,

More information

Genworth MI Canada Inc. BRIAN HURLEY, Chairman and CEO

Genworth MI Canada Inc. BRIAN HURLEY, Chairman and CEO Genworth MI Canada Inc. BRIAN HURLEY, Chairman and CEO Genworth MI Canada Inc. 1 Scotia Capital Financial Summit September 2012 Forward-Looking and Non-IFRSs Statements This presentation includes certain

More information

Visual Arts Section Consultations on Support to Arts Organizations

Visual Arts Section Consultations on Support to Arts Organizations Visual Arts Section Consultations on Support to Arts Organizations In 2013 the Canada Council for the Arts published Backgrounder: Canada Council for the Arts Review of Operating Grant Programs and launched

More information

Competitive Alternatives Backgrounder

Competitive Alternatives Backgrounder Competitive Alternatives Backgrounder The Competitive Alternatives study compares business costs and other competitiveness factors in more than 100 cities, in 10 countries. The study is to help Canadian

More information

Financial Management Plan. Long term financial health and sustainability

Financial Management Plan. Long term financial health and sustainability Financial Management Plan Long term financial health and sustainability Adopted by Council March 23, 2011 Table of Contents Financial Management Plan Introduction...2 Vision - Long term financial health

More information

March 2011. www.mtsallstream.com

March 2011. www.mtsallstream.com 1 March 2011 www.mtsallstream.com 2 Safe harbour notice This presentation contains certain forward-looking information. Material factors or assumptions were applied in drawing conclusions or making a forecast

More information

Export Development Canada (EDC) Your Financial Partner for Canadian Exports and Investments in Mexico

Export Development Canada (EDC) Your Financial Partner for Canadian Exports and Investments in Mexico Export Development Canada (EDC) Your Financial Partner for Canadian Exports and Investments in Mexico June 2013 Connecting with Canadian Businesses Across Canada 17 offices across Canada Able to respond

More information

February ~, 1992. Mr. Gary Reardon, President, Canadian Home Builders' Association, 200 Elgin Street, Suite 502, Ottawa, ontario.

February ~, 1992. Mr. Gary Reardon, President, Canadian Home Builders' Association, 200 Elgin Street, Suite 502, Ottawa, ontario. CMHc Helping to house Canadians Office of the President schl Question habitation, comptez sur nous Bureau du President February ~, 1992 Mr. Gary Reardon, President, Canadian Home Builders' Association,

More information

COMPARISON OF ELECTRICITY PRICES IN MAJOR NORTH AMERICAN CITIES. Rates in effect April 1, 2011

COMPARISON OF ELECTRICITY PRICES IN MAJOR NORTH AMERICAN CITIES. Rates in effect April 1, 2011 COMPARISON OF ELECTRICITY PRICES IN MAJOR NORTH AMERICAN CITIES Rates in effect April 1, 2011 Amended November 2011 TABLE OF CONTENTS INTRODUCTION 3 METHOD 7 HIGHLIGHTS 9 Residential Customers 9 Small-Power

More information

The Economic Impact of Recreational Boating in Canada

The Economic Impact of Recreational Boating in Canada The Economic Impact of Recreational Boating in Canada 2012 Executive Summary This is the third in a series of studies conducted by the National Marine Manufacturers Association (NMMA) Canada on the economic

More information

Canada. What s Typical? CBRE Offices. For More Information

Canada. What s Typical? CBRE Offices. For More Information What s Typical? Term, generally any length Breaks Renewal Rent Gross Free rent Escalation Security Fit-out Landlord often contributes or builds Tenant broker Landlord pays Right to sublet Common Transparency

More information

2014 North Carolina Lodging Report. A Publication of Visit North Carolina

2014 North Carolina Lodging Report. A Publication of Visit North Carolina 2014 North Carolina Lodging Report A Publication of Visit North Carolina January 2015 2014 North Carolina Lodging Report Year-end 2014 hotel/motel occupancy (61.1) was up 4.7% statewide from 2013 and represents

More information

Overview How BC teacher salaries rank among the provinces and territories in 2011

Overview How BC teacher salaries rank among the provinces and territories in 2011 13 BARGAINING PROPOSAL BRITISH COLUMBIA TEACHERS FEDERATION Document Number: U102 Date: Time: Overview How BC teacher salaries rank among the provinces and territories in 2011 Minimum The minimum salary

More information

ARIZONA-CANADA SUPPLY CHAIN LANDSCAPE ANALYSIS

ARIZONA-CANADA SUPPLY CHAIN LANDSCAPE ANALYSIS CONSULTING PROJECT: ARIZONA-CANADA SUPPLY CHAIN LANDSCAPE ANALYSIS CONSULTANTS: EDWARD MATLOUB MATT WILLIAMSON FIKRE GURJA SAMPAD DAS YUTAKA OYAMA ROHAN VERMA 1 PROJECT GOALS Analyze the trade trends between

More information

PASSAGE OF NEW BRUNSWICK S PRESCRIPTION AND CATASTROPHIC DRUG INSURANCE ACT

PASSAGE OF NEW BRUNSWICK S PRESCRIPTION AND CATASTROPHIC DRUG INSURANCE ACT 24 April 2014 PASSAGE OF NEW BRUNSWICK S PRESCRIPTION AND CATASTROPHIC DRUG INSURANCE ACT On March 26, 2014, Bill 27, the Prescription and Catastrophic Drug Insurance Act, was given Royal Assent. 1 The

More information

Municipal Revenue Sources Review Inter jurisdictional Comparison of Revenue Tools

Municipal Revenue Sources Review Inter jurisdictional Comparison of Revenue Tools Municipal Revenue Sources Review Inter jurisdictional Comparison of Revenue Tools August, 2012 Summary of Revenue Tools in Other Provinces Across Canada, local governments have four general tools for revenue

More information

Science and Engineering PhDs: A Canadian Portrait

Science and Engineering PhDs: A Canadian Portrait Catalogue no. 11-621-MIE No. 063 ISSN: 1707-0503 ISBN: 978-0-662-47045-8 Analytical Paper Analysis in Brief Science and Engineering PhDs: A Canadian Portrait by Michael McKenzie Science, Innovation and

More information

HOW TO TEST HOTEL FEASIBILITY REPRINT OF STEVE RUSHMORE S AUGUST 2011 COLUMN IN LODGING HOSPITALITY MAGAZINE

HOW TO TEST HOTEL FEASIBILITY REPRINT OF STEVE RUSHMORE S AUGUST 2011 COLUMN IN LODGING HOSPITALITY MAGAZINE CANADIAN MONTHLY LODGING OUTLOOK NOVEMBER 2011 HOW TO TEST HOTEL FEASIBILITY REPRINT OF STEVE RUSHMORE S AUGUST 2011 COLUMN IN LODGING HOSPITALITY MAGAZINE www.hvs.com HVS IN CANADA 6 Victoria Street,

More information

Economic Dashboard - Monthly. Economic Development February 23, 2015

Economic Dashboard - Monthly. Economic Development February 23, 2015 Economic Dashboard - Monthly Economic Development February 23, 2015 Indicator Highlights Geography Same Month Last Year Previous Month Most Recent Month Status Unemployment Rate Toronto 9.8% 8.7% 8.1%

More information

LIMITED ENTRY POSITIONS AVAILABLE. Contact: Elaine Tomiszer email: elaine.tomiszer@marlintravel.ca

LIMITED ENTRY POSITIONS AVAILABLE. Contact: Elaine Tomiszer email: elaine.tomiszer@marlintravel.ca The Bank of America Chicago Marathon is the pinnacle of achievement for elite athletes and everyday runners alike. On Sunday, October 12, 2014, runners from all 50 states and more than 100 countries will

More information

Market Research Division Capabilities

Market Research Division Capabilities Market Research Division Capabilities Summary Company Information Overview of Services Data Collection Sample Numeris Radio and TV Diaries Sample RTS Consumer Sample Additional Services Quality Control

More information

Police-reported crime statistics, 2013 Released at 8:30 a.m. Eastern time in The Daily, Wednesday, July 23, 2014

Police-reported crime statistics, 2013 Released at 8:30 a.m. Eastern time in The Daily, Wednesday, July 23, 2014 Police-reported crime statistics, 2013 Released at 8:30 a.m. Eastern time in The Daily, Wednesday, July 23, 2014 The police-reported Crime Severity Index (CSI), which measures the volume and severity of

More information

Discretionary Capital Expenditures. Discretionary Capital Expenditure. Presented by Byron Smith, CCIM

Discretionary Capital Expenditures. Discretionary Capital Expenditure. Presented by Byron Smith, CCIM Discretionary Capital Expenditures Discretionary Capital Expenditure Presented by Byron Smith, CCIM Discretionary Capital Expenditure Case Study Overview During the holding period of a commercial real

More information

Coil Cleaning Program

Coil Cleaning Program Coil Cleaning Program Procedures and Calculations that Affect your Bottom Line Fact: Did you know that annually cleaning HVAC coils reduces energy consumption in most cases enough to pay for the cleaning

More information

TOURISM IN MONTRÉAL. City of Greater Province Montréal Montréal of Québec 2002 2003 2004 2005*

TOURISM IN MONTRÉAL. City of Greater Province Montréal Montréal of Québec 2002 2003 2004 2005* TOURISM IN MONTRÉAL Production of this document was made possible with the financial support of the Government of Canada through Canada Economic Development Prepared by Tourisme Montréal, 1555 Peel Street,

More information

ICE CONSULTING INTERNATIONAL HANS R. WUTHRICH Box 1609 Gimli Manitoba Canada R0C 1B0 Fax. 204-642- 9026 Cell. 204-642- 2736

ICE CONSULTING INTERNATIONAL HANS R. WUTHRICH Box 1609 Gimli Manitoba Canada R0C 1B0 Fax. 204-642- 9026 Cell. 204-642- 2736 ICE CONSULTING INTERNATIONAL HANS R. WUTHRICH Box 1609 Gimli Manitoba Canada R0C 1B0 Fax. 204-642- 9026 Cell. 204-642- 2736 HIGHLIGHTS OF QUALIFICATIONS: Power Engineers Certificate - Province of MB Class

More information

ONBOARDING & ORIENTATION

ONBOARDING & ORIENTATION From the DRAKE RESEARCH CENTRE ONBOARDING & ORIENTATION Drake International assists organizations to improve their profitability by enhancing their productivity and performance through people. Our suite

More information

Exposing the Hidden Costs of Time & Attendance Management

Exposing the Hidden Costs of Time & Attendance Management Pandora s Clock: Exposing the Hidden Costs of Time & Attendance Management March 2009 executive summary In 2008, ADP Canada commissioned a study by Environics Research Group to identify and determine the

More information

2010 Residential Property Taxes and Utility Charges Survey

2010 Residential Property Taxes and Utility Charges Survey 2010 Residential Property Taxes and Utility Charges Survey Prepared by: Hilary Janzen, RPP MCIP Jeff Brasok April 2011 The City of Edmonton Planning and Development Department TABLE OF CONTENTS Acknowledgements

More information

TEMPLETON &BRITANNIA Secondary SCHOOLS

TEMPLETON &BRITANNIA Secondary SCHOOLS TEMPLETON &BRITANNIA Secondary SCHOOLS Career Centre Bulletin September 2015 Resourceful Websites Scholarships and Awards https://yconic.com/ Free scholarship matching & peer support http://www.scholarshipscanada.com/

More information

Revenue Management Program

Revenue Management Program Revenue Management Program Interessant s Revenue Management program provides hotels with an overall revenue strategy based on demand, market, competition & opportunity. Demand Opportunity Revenue Market

More information

Your representative: PERSONALIZED DISABILITY AND HEALTHCARE PROTECTION

Your representative: PERSONALIZED DISABILITY AND HEALTHCARE PROTECTION PERSONALIZED DISABILITY AND HEALTHCARE PROTECTION Desjardins Insurance is a subsidiary of Desjardins Group, the sixth largest financial institution in Canada. Desjardins Insurance ranks fifth among life

More information

Aboriginal Business Canada & YOU. Working with you to succeed. Working with you to succeed 1

Aboriginal Business Canada & YOU. Working with you to succeed. Working with you to succeed 1 Aboriginal Business Canada & YOU Working with you to succeed Working with you to succeed 1 Published under the authority of the Minister of Indian Affairs and Northern Development and Federal Interlocutor

More information

Thinkopolis VII: How relevant is bilingualism to your career in Canada in 2015?

Thinkopolis VII: How relevant is bilingualism to your career in Canada in 2015? Thinkopolis VII: How relevant is bilingualism to your career in Canada in 2015? Currently, 8.8% of Canadian job postings require candidates to be fluent in both official languages. There has been a slight

More information

VANCOUVER POLICE DEPARTMENT PLANNING, RESEARCH & AUDIT SECTION

VANCOUVER POLICE DEPARTMENT PLANNING, RESEARCH & AUDIT SECTION VANCOUVER POLICE DEPARTMENT PLANNING, RESEARCH & AUDIT SECTION ADMINISTRATIVE REPORT REPORT DATE: December 4, 212 BOARD MEETING: December 12, 212 BOARD REPORT # 12111 Regular TO: FROM: SUBJECT: Police

More information

DOMINION LAND SURVEY. COMPOSED AND PRODUCED BY : Chris Rule. Permission is granted for use by acknowledging the author s name.

DOMINION LAND SURVEY. COMPOSED AND PRODUCED BY : Chris Rule. Permission is granted for use by acknowledging the author s name. COMPOSED AND PRODUCED BY : Chris Rule Permission is granted for use by acknowledging the author s name. The Dominion Land Survey System was initiated by the Canadian Government in 1869 for settlement purposes.

More information

Demographic Overview. Demographic Overview

Demographic Overview. Demographic Overview Demographic Overview Brampton Among Canada s 2 Largest Municipalities Toronto (Ont.) Montréal (Que.) Calgary (Alta.) Ottawa (Ont.) Edmonton (Alta.) Mississauga (Ont.) Winnipeg (Man.) Vancouver (B.C.) Brampton

More information

Canadian Retirement Trends Survey Highlights

Canadian Retirement Trends Survey Highlights Canadian Retirement Trends Survey Highlights 20 12 2013 Aon Hewitt Inc. All Rights Reserved. To protect the confidential and proprietary information included in this material, it may not be disclosed or

More information

YOUR CANADIAN CONNECTION

YOUR CANADIAN CONNECTION YOUR CANADIAN CONNECTION Rogers Carrier Services offers domestic and international wholesale partners a broad range of innovative telecommunications services featuring the performance, scalability and

More information

Personalized disability and healthcare protection

Personalized disability and healthcare protection Personalized disability and healthcare protection Are you ready to retire? Probably not! Right now you re focused on earning a living. But how would you protect your income if something happened that

More information

Municipal Diversity and Anti- Racism Programs in Canada

Municipal Diversity and Anti- Racism Programs in Canada Municipal Diversity and Anti- Racism Programs in Canada Research The Laurier Institution Web search of 50 Canadian municipalities Interviews with 5 Canadian municipalities Report Overview of programs and

More information

Working in Alberta. Information for foreign workers

Working in Alberta. Information for foreign workers Working in Alberta Information for foreign workers Whitehorse Iqaluit Yellowknife Vancouver Alberta Edmonton Canada Charlottetown St. John s Calgary Regina Winnipeg Fredericton Halifax Montreal Ottawa

More information

Prince Edward Island. Energy Strategy Consultations

Prince Edward Island. Energy Strategy Consultations Prince Edward Island Energy Strategy Consultations Submitted to Hon. George Webster MINISTER OF ENERGY, ENVIRONMENT AND FORESTRY PEI Energy Strategy May, 2008 1 Introduction The Greater Charlottetown Area

More information

-- Extreme rainfall -- Local actions building resilience Paul Kovacs

-- Extreme rainfall -- Local actions building resilience Paul Kovacs -- Extreme rainfall -- Local actions building resilience Paul Kovacs April 2014 Findings Extreme rainfall is a major challenge for local governments Strong research foundation for local action Action typically

More information

Meetings Activity Profile Report. Canadian Economic Impact Study 3.0 (CEIS 3.0), 2012 Base Year

Meetings Activity Profile Report. Canadian Economic Impact Study 3.0 (CEIS 3.0), 2012 Base Year Meetings Activity Profile Report Canadian Economic Impact Study 3.0 (CEIS 3.0), 2012 Base Year Meetings Activity Profile Report Canadian Economic Impact Study 3.0 (CEIS 3.0), 2012 Base Year Profile of

More information

Where to Study Criminology/Criminal Justice and related fields of study/work in Canada

Where to Study Criminology/Criminal Justice and related fields of study/work in Canada Appendix 1 Where to Study Criminology/Criminal Justice and related fields of study/work in Canada A 1995 Statistics Canada Report revealed that not only are employment prospects bleak and getting bleaker

More information

Investor Update Second Quarter 2015

Investor Update Second Quarter 2015 Investor Update Second Quarter 2015 Caution re: Forward-looking Statements This presentation provides management with the opportunity to discuss the financial performance and condition of Home Capital

More information

Page 1 of 13 NEWS RELEASE FOR IMMEDIATE DISTRIBUTION

Page 1 of 13 NEWS RELEASE FOR IMMEDIATE DISTRIBUTION NEWS RELEASE FOR IMMEDIATE DISTRIBUTION Boardwalk REIT Announces Solid Third Quarter Financial Results: FFO per unit up 2.2% for the three month period ended September 30, 2015. Boardwalk announces a special

More information

[ OIL AND GAS INDUSTRY ] Canada s competitive advantages

[ OIL AND GAS INDUSTRY ] Canada s competitive advantages [ OIL AND GAS INDUSTRY ] Canada s competitive advantages [ OIL AND GAS INDUSTRY ] SUPPORT PROGRAMS AND INNOVATION Canada s oil and gas industry is a global innovator in equipment supporting the exploration,

More information

Strategy. Appendix A Debt. History and Background. Purpose of Review

Strategy. Appendix A Debt. History and Background. Purpose of Review Appendix A Debt Strategy History and Background During the late I 980s and the early I 990s, the City of Winnipeg incurred significant debt for capital purposes. In the mid-i 990s, the cost to service

More information

Canada s Large Cities: Collaborating For Global Success

Canada s Large Cities: Collaborating For Global Success Canada s Large Cities: May 2015 Consider Canada City Alliance: a unified voice for Canada s large cities 11 cities working together to promote Canada as an ideal destination for global trade and investment.

More information

Hotel Establishment Statistics

Hotel Establishment Statistics Hotel Establishment Statistics Monthly report December & Full Year 49% 15% 7% Page 1 of 18 Executive Summary December December showed an increase of 25% in guest arrivals when compared to last year, with

More information

Prestige Hospitality Opportunity Fund I: Hotel Investments in Canada and the U.S. Summary of the Offering. Siddharth Rajeev, B.Tech, MBA, CFA Analyst

Prestige Hospitality Opportunity Fund I: Hotel Investments in Canada and the U.S. Summary of the Offering. Siddharth Rajeev, B.Tech, MBA, CFA Analyst Siddharth Rajeev, B.Tech, MBA, CFA Analyst Daniel Iwata, BA Research Associate Prestige Hospitality Opportunity Fund I: Hotel Investments in Canada and the U.S. April 14, 2015 Sector/Industry: Real Estate

More information

Shaw Direct satellite TV. Public Viewing Brochure

Shaw Direct satellite TV. Public Viewing Brochure Shaw Direct satellite TV Public Viewing Brochure Next-level satellite TV. With Shaw Direct, you have access to the most HD channels in Canada, endless entertainment options, future-ready technology and

More information

Service Leadership. Listen Understand Partner Innovate Adapt Lead. Black & McDonald Service Division. A Tradition of Quality...

Service Leadership. Listen Understand Partner Innovate Adapt Lead. Black & McDonald Service Division. A Tradition of Quality... Service Leadership Listen Understand Partner Innovate Adapt Lead A Tradition of Quality... since 1921 Black & McDonald Service Division Service Vision Black & McDonald is committed to being the industry

More information

Frequently Used Formulas for Managing Operations

Frequently Used Formulas for Managing Operations Frequently Used Formulas for Managing Operations Chapter 1 - Hospitality Industry Accounting Revenue Expenses = Profit Assets = Liabilities + Owners Equity Chapter 2 - Accounting Fundamentals Review Assets

More information