Published on : Friday, November 3, 2017
Divisive policies from U.S. President Donald Trump are motivating more corporate travellers to head to the north of the border as per the head of Marriott International who mentioned the statement on Wednesday.
Giant groups of travellers especially the ones targeting conferences are altering their reservations to the friendlier Canadian cities including Toronto over United States since they would be likely to experience a more convenient travel in Canada.
On the other hand, such travel itineraries might be riskier in the US.
Sorenson feels that the so-called ‘revpar’ growth that represents a measure of financial performance based on revenue per available room might be in the ‘mid-to high single digits’ in Canada in 2017 as compared to merely one to two percent in the U.S.
The growth of Revpar alone is not capable of deciding if business travellers are changing their destination.
In a meeting Sorenson mentioned that currently there is a perception across the world that the U.S. is slightly less welcoming that it was in the past.
Sorenson has stated that the US President’s efforts to ban tourists from certain Muslim-majority nations and speeches focusing on national, criticizing the present immigration policy has been responsible for decelerating travel to the United States.
He then went on to mention that Marriott is bringing up this issue in conversations with the White House on ‘welcoming visitors from abroad’. But then he declined to provide more details about it to the media.
In Canada, Prime Minister Justin Trudeau has defended Muslims publicly and also extolled immigration.
The economy of Canada is booming right now and expanding more swiftly as compared to any other Group of Seven nation.
In fact it is expected to grow at an average of two percent annually over the following five years. In the U.S., gross domestic product increased by nearly 1.5% last year through it is forecast to reach 2.4% next year as per a survey of economists by Bloomberg.
Marriott’s occupancy in both these nations is greater than 80%.
Corporate travellers represent almost 70% of Marriott’s room-nights in 2016 and leisure accounted for just 30%, as per the official figures of the company.