Mississauga, ON -- (ReleaseWire) -- 05/13/2014 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Holloway Holds the Course with Another Solid Quarterly Performance.”
Companies mentioned in this article include Holloway Lodging Corporation (TSX:HLC) and Royal Host Inc. (TSX:RYL).
A slipping Canadian dollar compared to the U.S. dollar, provided an opportunity for American travelers to explore Canada in 2013, according to eTurboNews’ Global Travel Industry News. A particular hotspot was Toronto, which supplanted Rome, Italy as the third most popular destination for U.S. travelers last year. Thanks in part to the $765-million deal for Starwood Capital Group to acquire five Westin Hotels, the Canadian hotel industry had one of its best years on record with $2.1 billion in activity. That was 94 percent higher than the $1.1 billion in 2013.
If the hotel business is a proxy for resurgence in the Canadian economy, it’s a good sign for Holloway Lodging Corporation (TSX:HLC). Holloway owns 16 hotels with 1,604 rooms across Canada, as well as a Holiday Inn Express in Myrtle Beach, South Carolina. Amongst other growth opportunities this year, a sweet spot for Holloway in 2014 may be its four hotels in Grande Prairie, where business travel is expected to increase above the national average, according to a survey by the Hotel Association of Canada.
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