These events, however, haven’t deterred investors from seeing the potential in the Western Canadian hotel sector. The appeal of the sector lies in its resilience and its ability to adapt to changing conditions. The Western Canadian hotel sector has a strong track record of recovery after natural disasters.

This uncertainty is further compounded by the tourism industry’s reliance on seasonal workers. Seasonal workers are often hired months in advance, and their availability can be unpredictable. This creates a significant challenge for hoteliers, as they need to plan for a potential influx of visitors but also manage the uncertainty of worker availability. The impact of Jasper National Park’s closure on the local economy is significant. The park’s closure has resulted in a loss of revenue for local businesses, including hotels, restaurants, and tour operators. This loss of revenue has ripple effects throughout the entire community, impacting everything from local suppliers to the local government.

This statement highlights the current market dynamics in the hospitality industry, specifically focusing on the hotel sector. It emphasizes the prevalence of select-service hotels and their appeal to investors. Let’s delve deeper into the reasons behind this trend and explore the characteristics of select-service hotels that make them attractive to investors. **Why are select-service hotels so popular?**

* **Strong Margins:** Select-service hotels typically have higher profit margins compared to full-service hotels. This is due to their streamlined operations, lower overhead costs, and focus on efficiency.

“Consumers are looking for a more human touch, a more personalized experience. They want to feel like they are being heard and understood.”

This statement highlights a growing trend in consumer behavior: the demand for personalized experiences. Consumers are increasingly seeking out brands and businesses that cater to their individual needs and preferences.