The Niagara Gazette is going through their list of top 10 stories of the year. I’m sure many of them are working linking to, but I’ll post this one, and then you can follow links on that page to other articles.
The calendar year has been anything but vanilla for the hotel industry in Niagara Falls.
While the area received praise as a most popular tourist destination in two separate national magazines, four hotels either changed ownership or received major renovations in 2011…
From Buffalo Business First:
The distance between Niagara Falls, N.Y., and Niagara Falls, Ont., can be measured in the 1,450-foot span of the Rainbow Bridge.
The distance between Niagara Falls, N.Y., and Niagara-on-the-Lake is about 10 miles. In the hotel industry, however, the differences are a world apart.
Unfortunately you need a subscription/membership in order to read the entire article. I don’t have one. It’s too bad, as the articles seems like it would be quite good.
From the Niagara Falls Review:
A Niagara Falls vacation was a little cheaper in 2009 than it was the year before as hotel room rates dropped last year by about 5%, according to Hotels.ca,a hotel reservation agency that tracks prices across Canada.
Lower room rates is a trend that should continue this summer as the hotel industry tries to recover from the recession, the effect of the high Canadian dollar and lingering confusion among Americans about travel documentation they need to have to return to their own country, said Wayne Thomson, chairman of Niagara Falls Tourism and a city councillor.
“If anybody ever thought of coming to Niagara Falls, it’s the best bargain it has ever been,” Thomson said, reacting to the Hotels.careport.
Hotels set their overnight room rates based on supply and demand. When it’s busy, rates go up. But when things are slow, rates go down.