Quote:
Originally Posted by mylesmalley
Interesting that the Moncton hotel sales were flat between 2011-12, but that new hotel by the airport was still built regardless. We really need to slow down hotel construction for a few years for the market to recover.
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At least the number of hotel rooms sold in Moncton is still increasing (slowly), 539,500 in 2012 vs 538,600 in 2011. Both SJ and Freddy show gradually decreasing hotel sales.
Nonetheless, we obviously should be cautious about further expansion in capacity. I would still like to see a new hotel downtown as part of the events centre complex. The events centre likely would be able to generate new business for any new attached hotel in the complex. We probably have enough suburban hotels though, with sizeable clusters already established at Magnetic Hill, on Mapleton Road In the power centre district and in east Dieppe near the international airport.