Hotel Bookings During World Cup Down From Last Year, but B.C. Minister Sees Positives
CoStar data shows bookings are below last year in both cities as large room cancellations and pricing concerns weigh on demand.
- Demand for Toronto's hotels appears "uneven" this month as the city prepares to host six FIFA World Cup matches between June 12 and July 2, Andrew Weir, the CEO of Destination Toronto, noted.
- FIFA cancelled large blocks of rooms earlier this year, forcing the hospitality sector to rely on transient business and dampening demand for less high-profile group stage games.
- On Friday, when Canada plays Bosnia and Herzegovina in Toronto, hotel occupancy is 55.5 per cent, down from 67.9 per cent last year; CoStar data shows four of six game days in Toronto are below 50 per cent.
- Hotels are seeing last-minute bookings as rates drop, and Destination Toronto reports that May was fairly strong with good pacing for the remainder of the summer.
- The government has suggested the World Cup will generate about $1 billion in GDP growth over the next five years, positioning Toronto as a major North American destination despite current booking shortfalls.
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B.C. facing a deteriorating business environment despite World Cup optimism
Even as the province touts the World Cup as a boon to the economy, the overall climate for business in B.C. is worsening, industry groups say, with confidence among small business owners falling once again in May and job growth failing to keep up with the rest of the country.
Vancouver hotel bookings down ahead of FIFA World Cup, data shows
U.S. hotel data firm CoStar's data shows that, as of June 1, occupancy for Vancouver's first match day on Saturday between Australia and Turkey was 57.4 per cent, down from 71.6 per cent on the same date a year ago.
B.C. government straining to show World Cup’s economic benefit - Creston Valley Advance
As players get set to take the pitch this weekend for the first of seven World Cup matches at BC Place in Vancouver, the provincial government is continuing its effort to persuade a skeptical public of the economic benefit of being a host city. “It’s clear when you host major events like this, there’s an economic impact that comes from that,” said Ravi Kahlon, B.C.’s jobs minister, at a Wednesday news conference. Shortly after Kahlon’s remarks, …
B.C. government straining to show World Cup’s economic benefit - Fort St. James Caledonia Courier
As players get set to take the pitch this weekend for the first of seven World Cup matches at BC Place in Vancouver, the provincial government is continuing its effort to persuade a skeptical public of the economic benefit of being a host city. “It’s clear when you host major events like this, there’s an economic impact that comes from that,” said Ravi Kahlon, B.C.’s jobs minister, at a Wednesday news conference. Shortly after Kahlon’s remarks, …
B.C. government straining to show World Cup’s economic benefit - Grand Forks Gazette
As players get set to take the pitch this weekend for the first of seven World Cup matches at BC Place in Vancouver, the provincial government is continuing its effort to persuade a skeptical public of the economic benefit of being a host city. “It’s clear when you host major events like this, there’s an economic impact that comes from that,” said Ravi Kahlon, B.C.’s jobs minister, at a Wednesday news conference. Shortly after Kahlon’s remarks, …
B.C. government straining to show World Cup’s economic benefit - Vanderhoof Omineca Express
As players get set to take the pitch this weekend for the first of seven World Cup matches at BC Place in Vancouver, the provincial government is continuing its effort to persuade a skeptical public of the economic benefit of being a host city. “It’s clear when you host major events like this, there’s an economic impact that comes from that,” said Ravi Kahlon, B.C.’s jobs minister, at a Wednesday news conference. Shortly after Kahlon’s remarks, …
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