Search Results for: Canada

Regional Reports – Americas & Canada

A strong US dollar has seen New York confirmed as the region’s most expensive city and Manhattan the costliest North American locations for ex-pats working on assignment. Los Angeles and Washington are the second and third most expensive US cities. Toronto is Canada’s most expensive city, followed by Ottawa and Montreal. Meanwhile, south of the …

Regional Report – USA & Canada

Fig 35 – Travel & tourism contribution to GDP (Source: World Travel & Tourism Council) A fifth of the estimated $6.6 trillion of global GDP generated from travel and tourism is provided by the US. The domestic market provides employment to 5.6m people – 3.9% of the total US workforce. The volumes in Canada might …

Global Apartment Listings

by Bard Vos & Maggy Sainsbury Worldwide Apartment Listings Top 15 Global Providers Group Locations Units Marriott Hotels 778 103,659 Extended Stay Hotels 683 77,200 Intercontinental Hotels 318 33,878 Oakwood Corporate Housing 1,922 25,960 Hilton Hotels 223 24,547 Accor Hotels 160 19,359 Ascott International 95 13,287 Wyndham Worldwide – Hawthorn Suites 92 10,000 Choice Hotels …

Global Apartment Listings

by Bard Vos & Maggy Sainsbury Hotel Group Brand Locations Units Accor Hotels Accor Australia 16 1,900 Accor Hotels Accor Indonesia 3 203 Accor Hotels Adagio 17 2,500 Accor Hotels Mercure 57 6,480 Accor Hotels Studio 6 (USA & Canada) 46 5,541 Accor Hotels Suite Hotel 21 2,735 Totals 160 19,359 Ascott International Ascott 4 …

Industry Benchmark

by Mark Harris Regional Analysis USA According to the Corporate Housing Providers Association, there were 1,095 Corporate Housing operations in 2007 compared to 932 in 2006. However fast-growing extended stay lodging continues to outpace the industry with a growth rate about nine times that of hotels overall. Source: the Highland Group If present trends continue, …

Industry Benchmark

by Mark Harris Regional Analysis Canada Canada’s economy is doing well despite the slowdown in the US; there is a strong resource industry and Canadian real estate prices seem to be holding, so the short term outlook is good. The key Canadian markets are Toronto (82% occupancy) and Vancouver (88% occupancy), followed by Calgary, Ottawa …

Industry Overview

by Mark Harris Apartments are working for corporates because there are more of them, they are cheaper than hotels for long stays. Top internal company assignment destinations: 2007 2006 Country % 1 1 United States 22% 2 3 China 19% 3 2 United Kingdom 15% 4 6 Singapore 4% 5 4 Germany 3% 6 7 …

Industry Overview

by Mark Harris Costs are no longer the sole drivers in corporate accommodation procurement. The work place has changed dramatically in the last 15 years. The workforce is increasingly mobile according to Manpower, more people are living and working away from their home countries than at any other point in history. The Global Expatriate Population …

Regional Report – Central and South America

South America’s economic growth and increasing stability has created a promising business climate in the region. The development of the main cities has also thrown up compelling investment opportunities. However the picture in each of the region’s countries is not consistent. Whilst nations integrated to the financial markets of South America, Brazil, Chile, Colombia, Peru …