Meanwhile, Canadian hotels are reporting strong numbers!
From CoStar: Canadian travelers push their home and native land to record summer highs
Canada’s hotel performance this summer has been historically strong, with August bringing in the highest occupancy for any month since August of 2014.
That same month, revenue per available room has reached over 200 Canadian dollars ($139.92 U.S. dollars) for the first time ever, according to CoStar data.
Canadian hoteliers can credit, in part, the increased animosity toward the United States due to President Donald Trump’s trade policies that’s led to more Canadians choosing not to visit or financially benefit their neighbor to the south.
“In July, rooms sold is up almost 4% compared to the same time last year — it’s up 3.7% — and I think that is a clear indicator that the ‘buy Canadian’ sentiment translates into ‘stay Canadian’ as well, and that the Canadian leisure traveler is voting with their wallet and saying, ‘Well, I want to go somewhere, so let me just stay within the country,'” said Jan Freitag, national director of hospitality market analytics for CoStar.