Weak loonie hurting hoteliers along U.S. border

Hotel News Now, October 2015

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With an unemployment rate hovering near 7% and its loonie trading at 75 cents on the U.S. dollar, Canada is not the source market it once was to many hoteliers south of the border.

Gerry Chase, president and COO of Shelton, Connecticut-based New Castle Hotels and Resorts, said his hotels in Portland, Maine, and Syracuse, New York, are both affected–but on different levels....