Quote:
Originally Posted by mmmatt
The national average for occupancy rates for 2012 was 62% so Moncton isn't far off at 60%. A small hotel like the new Marriott would most likely not effect the rate in Moncton even if it sat empty all year, I'd say the market can safely absorb a hotel of that size every couple years. In the last 6 years Moncton has increased room rentals by 100,000 while the rest of NB remained flat.
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But Moncton also has a lot more to offer families on vaction, which I'm sure helps a lot. Magic Mountain, Crystal Palace, Casino New Brunswick (kinda), Parlee Beach, Magnetic Hill, The largest mall in New Brunswick, etc.