Quote:
Originally Posted by Hali87
It's funny that you say that. I worked a forestry contract based out of Fredericton 2 summers ago and while it seemed like Fredericton had a disproportionate number of hotels, there were a couple times that it was extremely hard to find a room. As I recall I ended up having to go splits on a family suite at the Amsterdam inn with a couple friends because that was the smallest room available in that part of town one weekend.
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That may be true, most cities have at least a few weekends per year that there is essentially "no vanancy". The fact is though the yearly vacancy rate is much more important to look at because you can't survive in the business being full for a month and empty the rest of the year. At this point where the numbers are declining in Freddy it doesn't make sense to build...it will only thin out the visitors more and more, perhaps a new hotel would do ok because it's nicer, but only at the expense of all other hotels.