HomeDiagramsDatabaseMapsForum About
     

Go Back   SkyscraperPage Forum > Regional Sections > Canada > Alberta & British Columbia > Vancouver > Business & the Economy


Reply

 
Thread Tools Display Modes
     
     
  #721  
Old Posted Oct 20, 2015, 6:25 PM
officedweller officedweller is offline
Registered User
 
Join Date: Jul 2001
Location: Vancouver
Posts: 41,582
Of interest - recent judgement regarding the Westin Grand Hotel strata-units:

http://www.courts.gov.bc.ca/jdb-txt/SC/15/15/2015BCSC1564.htm
Reply With Quote
     
     
  #722  
Old Posted Nov 5, 2015, 9:42 PM
Klazu's Avatar
Klazu Klazu is offline
Registered User
 
Join Date: Apr 2012
Location: Above Metro Vancouver clouds
Posts: 10,401
Unfortunate news.

Quote:
Vancouver Sun: Telus cuts 1,500 positions to lower expenses as it raises shareholder payments

Wireless provider Telus Corp. is planning to reduce its workforce by 1,500 positions as it boosts dividend payments to shareholders.

The Vancouver-based company, which operates one of Canada's biggest telecommunications networks, said Thursday that the layoffs will save as much as $125 million each year.

At the same time, Telus told shareholders it would raise their dividend payments by five per cent to 44 cents per share, starting in January, after hiking its dividend earlier this year.

The company provided few details about the downsizing, except to say that many would be voluntary departures and early retirements. Calls to a company spokesman were not immediately returned.

"These are very difficult decisions to make but a necessary element of aligning our organization with the growth, customer service and capital allocation activities we are implementing," said Telus president and CEO Darren Entwistle in a statement.

Entwistle returned to the leadership role at Telus after the sudden departure of president and CEO Joe Natale in August.

Telus said the decision was made after its board concluded the company's CEO should reside in Western Canada, and that Natale wasn't interested in moving.

Telus also reported its third-quarter financial results, which showed profits and revenue grew in line with analyst expectations.

Net income and adjusted net income both were up about 2.8 per cent, rising to $365 million and $398 million respectively.

Adjusted income increased about three per cent to 66 cents per share, which was better than estimates of 64 cents per share from analysts polled by Thomson Reuters.

Revenue grew 4.2 per cent from last year, rising to $3.15 billion from $3.03 billion.

"Our company continued to deliver solid financial and operational results in both our wireline and wireless businesses," said Entwistle.

He also said Telus has just completed one of its biggest year's in terms of capital projects, which he described as "generational investments" that include initiatives to improve processes and efficiency.

http://www.vancouversun.com/business/tel...annual+costs+million/11495107/story.html
Reply With Quote
     
     
  #723  
Old Posted Nov 5, 2015, 11:17 PM
WarrenC12's Avatar
WarrenC12 WarrenC12 is offline
Registered User
 
Join Date: May 2007
Location: East OV!
Posts: 24,599
It really depends on the roles and where they are located. Telus has a lot of bloat with old time union staff. They are also hiring all the time.

But there's a reason I'm a shareholder and not a customer.
Reply With Quote
     
     
  #724  
Old Posted Dec 16, 2015, 5:39 PM
Prometheus's Avatar
Prometheus Prometheus is offline
Reason and Freedom
 
Join Date: Jul 2009
Location: Vancouver/Toronto
Posts: 4,016
It would be interesting to know why the cruise ship numbers are still substantially lower than they were 10 years ago, when around a million passengers sailed each season.

Quote:
Tourists flood Vancouver in record-breaking year

Growth attributed to weak dollar, one-off events and conventions

By Matthew Robinson, Vancouver Sun, December 16, 2015 7:42 AM


As Princess Cruises’s Ruby Princess left port Tuesday, putting a cap on Vancouver’s 2015 cruise season, new tourism figures rolled in showing the city is destined to break its own record for visitors.

Vancouver is on track for nearly 9.4 million overnight visitors this year, breaking last year’s record of 8.9 million, said Stephen Pearce, Tourism Vancouver’s vice-president of marketing.

“It is exciting,” Pearce said. “Between the leisure visitors and the base of meetings visitors and sports delegates, we had a banner year.”

As usual, Vancouver’s daily hotel occupancy rate was highest in summer, exceeding 90 per cent at times and even striking 99 per cent during the gold medal game of the FIFA Women’s World Cup, according to Tourism Vancouver. But this year, strong occupancy rates started early in spring and stayed late into the fall.

While single events like the World Cup helped drive the numbers, this year is a record breaker for a range of reasons, Pearce said.

Vancouver’s cruise season started early and ended late this year, bringing more than 800,000 passengers to town on 228 calls by 32 ships, according to Port Metro Vancouver.

Additional itineraries were booked in spring and fall, like this week’s departure of the Ruby Princess to L.A. en route to Hawaii, said Carmen Ortega at Port Metro Vancouver. “It’s been a good year for us.”

The weak dollar also helped spur tourist traffic into the city, according to Tourism Vancouver. Last year there were 1.9 million overnight visitors from the U.S., and the latest numbers are on pace to beat that by more than eight per cent. There were similarly large jumps in visitors from Japan, France, South Korea, Mexico and China this year.

Some visitors came for one of the 19 “citywide” conventions — those that draw at least 1,000 out-of-towners — and they brought with them a heavier than average economic punch.

“The meetings business, from a volume perspective, it’s a relatively small piece of our total business,” Pearce said. “Most of the business we get is pleasure visitors. But from a yield perspective, it’s very strong. It’s the most important piece of business that we get.”

While many domestic tourists will stay with friends or family, convention-goers typically stay in downtown hotels and spend heavily on food and entertainment, Pearce explained. This year, convention-goers brought in about $92 million in direct spending, according to Tourism Vancouver.

Meanwhile, the large conventions also generated business for surrounding cities,” Pearce said. “We certainly saw that in the summertime when properties in Richmond, Surrey and Burnaby were getting great (numbers) because of the fact there wasn’t sufficient room supply in downtown Vancouver.”

Tourism Vancouver touted its own marketing efforts in 11 countries and in forming partnerships with hoteliers, the airport, the Vancouver Convention Centre and other tourism groups as helping draw record visitors. Pearce noted Vancouver had higher hotel occupancy and a higher average daily rate than did Toronto, Montreal and Ottawa. It’s not something that happens every year, he said.

Next year’s cruise season should see the same number of calls, but more visitors on account of larger ships coming into port, Ortega said.

Pearce also sees next year as staying strong, but said the industry needs to work on generating more business in what appears to be an already shrinking off-season.

“We need to continue to find ways to move people into Vancouver year-round.”

Source: http://www.vancouversun.com/travel/touri...record+breaking+year/11592028/story.html
Reply With Quote
     
     
  #725  
Old Posted Dec 16, 2015, 8:03 PM
osirisboy's Avatar
osirisboy osirisboy is online now
Registered User
 
Join Date: Mar 2006
Location: Vancouver BC
Posts: 6,429
Agreed. Especially with them adding new sailings to Hawaii and extending the season (last ship that sailed out was on Monday I think). I think it hit bottom in 08? Although it has been increasing since then.
Reply With Quote
     
     
  #726  
Old Posted Dec 16, 2015, 8:34 PM
Prometheus's Avatar
Prometheus Prometheus is offline
Reason and Freedom
 
Join Date: Jul 2009
Location: Vancouver/Toronto
Posts: 4,016
Quote:
Originally Posted by osirisboy View Post

Agreed. Especially with them adding new sailings to Hawaii and extending the season (last ship that sailed out was on Monday I think). I think it hit bottom in 08? Although it has been increasing since then.
The worst season was in 2010, when under 579K passengers sailed. But it has been flat (or even slightly worse) since 2013, when more than 812K passengers sailed. The best season was thirteen years ago in 2002, when over 1.1 million passengers sailed.

Source: https://www.biv.com/article/2015/5/carnival-dominates-longest-ever-vancouver-cruise-s/

Source: https://www.biv.com/article/2015/12/extra-long-vancouver-cruise-season-closes-today/

Last edited by Prometheus; Dec 16, 2015 at 8:59 PM.
Reply With Quote
     
     
  #727  
Old Posted Dec 17, 2015, 7:59 PM
LeftCoaster's Avatar
LeftCoaster LeftCoaster is offline
Moderator
 
Join Date: Nov 2005
Location: Toroncouver
Posts: 13,131
Probably just splitting a slightly larger pie with Seattle, rather than having a smaller pie all to our own 15 years ago.
Reply With Quote
     
     
  #728  
Old Posted Jan 27, 2016, 10:49 PM
officedweller officedweller is offline
Registered User
 
Join Date: Jul 2001
Location: Vancouver
Posts: 41,582
Reply With Quote
     
     
  #729  
Old Posted Jan 29, 2016, 6:03 PM
Hot Rod's Avatar
Hot Rod Hot Rod is offline
Big City Enthusiast
 
Join Date: Feb 2006
Location: Seattle-Vancouver-Osaka-Chongqing-Chicago-OKC
Posts: 1,187
nice, diverse
Reply With Quote
     
     
  #730  
Old Posted Jan 29, 2016, 6:24 PM
trofirhen trofirhen is offline
Registered User
 
Join Date: Oct 2008
Posts: 9,045
Quote:
Originally Posted by Hot Rod View Post
nice, diverse
.......... and a sign that the large-scale international business community believes in Vancouver.
Reply With Quote
     
     
  #731  
Old Posted Mar 9, 2016, 7:11 AM
zahav zahav is offline
Registered User
 
Join Date: Apr 2009
Location: Vancouver
Posts: 2,052
The more they build the better, although there's no immediate solution to the affordability issue here, it's a damn good thing they at least are pumping out supply! If we weren't having this much new development, it would be much worse!

http://www.cbc.ca/news/canada/british-co...ouver-census-metropolitan-area-1.3480806
Reply With Quote
     
     
  #732  
Old Posted Mar 15, 2016, 5:11 AM
Prometheus's Avatar
Prometheus Prometheus is offline
Reason and Freedom
 
Join Date: Jul 2009
Location: Vancouver/Toronto
Posts: 4,016
A surprisingly worthwile conversation with Paul Woo, CEO of HQ Vancouver, "on why Metro Vancouver needs to attract more head offices or run the risk of failing to realize our potential as a world-class city."

Video Link
Reply With Quote
     
     
  #733  
Old Posted Mar 18, 2016, 11:53 PM
EastVanMark EastVanMark is offline
Registered User
 
Join Date: Oct 2006
Posts: 1,610
Thanks for posting this

This guy needs to run for mayor.

How refreshing it is to see someone talk about real issues like these rather than chicken coops and wheat grass and saving the city from tall buildings
Reply With Quote
     
     
  #734  
Old Posted Mar 19, 2016, 3:24 AM
Hourglass Hourglass is offline
Registered User
 
Join Date: Jun 2006
Location: Here and there
Posts: 754
On that note, Valhalla Games just announced they'd be moving their corporate headquarters from Japan to Vancouver

https://www.biv.com/article/2016/3/tokyos-valhalla-game-studio-moves-global-headquart/
Reply With Quote
     
     
  #735  
Old Posted Mar 22, 2016, 9:38 AM
Hot Rod's Avatar
Hot Rod Hot Rod is offline
Big City Enthusiast
 
Join Date: Feb 2006
Location: Seattle-Vancouver-Osaka-Chongqing-Chicago-OKC
Posts: 1,187
Love it, keep em comin' Vancouver!

We don't even need them all to be full corporate relocations, simple North American or even Canada office operations of major (and not major) companies would do nicely, also! hehe
Reply With Quote
     
     
  #736  
Old Posted Mar 22, 2016, 3:03 PM
Klazu's Avatar
Klazu Klazu is offline
Registered User
 
Join Date: Apr 2012
Location: Above Metro Vancouver clouds
Posts: 10,401
Great news regarding Valhalla Games, but I am still sad that Pixar left so suddenly. Anyone know what went wrong with their Vancouver plans? They were a big brand company to have in Vancouver.

Last edited by Klazu; Mar 22, 2016 at 4:53 PM.
Reply With Quote
     
     
  #737  
Old Posted Mar 22, 2016, 4:43 PM
s211 s211 is offline
Registered User
 
Join Date: Oct 2008
Location: The People's Glorious Republic of ... Sigh...
Posts: 8,503
Pixar has departed? Was that under the radar?
__________________
If it seems I'm ignoring what you may have written in response to something I have written, it's very likely that you're on my Ignore List. Please do not take it personally.
Reply With Quote
     
     
  #738  
Old Posted Mar 22, 2016, 4:54 PM
Klazu's Avatar
Klazu Klazu is offline
Registered User
 
Join Date: Apr 2012
Location: Above Metro Vancouver clouds
Posts: 10,401
Yeah, they were here only briefly and departed already in 2013. "Focusing everyone under one roof" was the reason given, but I am curious what the real story for such short visit here was? This was just before the low dollar that has since been bringing a lot of production and companies to Canada.
Reply With Quote
     
     
  #739  
Old Posted Mar 22, 2016, 5:11 PM
Vin Vin is offline
Registered User
 
Join Date: Sep 2013
Posts: 8,736
Quote:
Originally Posted by EastVanMark View Post
Thanks for posting this

This guy needs to run for mayor.

How refreshing it is to see someone talk about real issues like these rather than chicken coops and wheat grass and saving the city from tall buildings
Yup, what he says really makes sense here.
Reply With Quote
     
     
  #740  
Old Posted Mar 24, 2016, 4:57 AM
cairnstone cairnstone is offline
Registered User
 
Join Date: Jan 2010
Posts: 1,026
Quote:
Originally Posted by Klazu View Post
Yeah, they were here only briefly and departed already in 2013. "Focusing everyone under one roof" was the reason given, but I am curious what the real story for such short visit here was? This was just before the low dollar that has since been bringing a lot of production and companies to Canada.
I put no wait into tech companies coming and going as they don't really bring value and long term jobs to the local community. The reason I say this is they don't build a lot of infrastructure compared to a manufacturing etc so they can pac of a truck and be gone in a week. An example of thisis Microsoft has come and gone a couple of times. In 2007 Microsoft leased a huge amount of property in richmond on 6 road and started doing major renos. I worked on the project and then fast forward 2013 Microsoft is opening a new office. No mention of the richmond campus. And the press goes crazy with the news but less people will work in the new office than what was planned for the richmond campus. But just a couple years before they built a campus and then left just as fast as they came.


Hi tech industry is fluid so you can move between countries with ease like other professional trades. Try that being a trades person or service etc. I have been turned away from the border as I had a few tools in my truck from work.
Reply With Quote
     
     
This discussion thread continues

Use the page links to the lower-right to go to the next page for additional posts
 
 
Reply

Go Back   SkyscraperPage Forum > Regional Sections > Canada > Alberta & British Columbia > Vancouver > Business & the Economy
Forum Jump



Forum Jump


All times are GMT. The time now is 3:38 AM.

     

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2026, vBulletin Solutions, Inc.