Canada’s Hotel Industry Grew Last Year
Skift Take
In January 2025, Canada’s hotel industry reported year-over-year gains in occupancy, ADR, and RevPAR, with British Columbia and Vancouver leading occupancy while Prince Edward Island and Calgary lagged.
The DJIA was down 194 points but once again, Nasdaq took the brunt of the sell-off, down nearly -3% or 531 points. The S&P 500 was down 94 points, and the 10-year treasury yield was up .04 to 4.29%.
Pebblebrook Hotel Trust, Service Properties Trust, and Hilton Grand Vacationshad a very good response to their earnings reports. Marriott Vacations did not. This late in earnings season, investors usually brace for what will be in the reports, but Timeshare only had Travel + Leisure before these reports. Even with lowered expectations, VAC gave guidance that was less than expected. No share repurchases are not that out of the ordinary since they are focusing on their balance sheet. HGV beat 4Q estimates but also guided modestly lower than expectations. They did buy back $125 million worth of stock and said they expect to increase that in 2025 to $150 million per quarter. SVC was up 9%, VAC&nbs
