Intelligence
Canada hotels record first occupancy decline in three months
After three consecutive months of year-over-year increases, Canada’s hotel industry recorded a decline in occupancy, according to CoStar’s July 2024 data.
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BVD Group celebrates official groundbreaking for the Fairfield Inn by Marriott in Bolton, Ont.
The Town of Caledon, Ontario’s business attraction and investment team attended a groundbreaking ceremony for the Fairfield Inn by Marriott in Bolton in late July.
Town of Caledon Mayor Annette Groves, councillors, and staff joined the BVD Group and Marriott staff to celebrate the official groundbreaking of the new Fairfield Inn by Marriott Hotel in Bolton.
“I am proud to celebrate the official groundbreaking of the Fairfield Inn by Marriott in Bolton,” said Town of Caledon Mayor Anette Groves. “Investments in Caledon’s growing tourism industry create jobs for residents and opportunities to welcome visitors to experience the scenic beauty and amenities that make Caledon unique.”
This major new investment, led by the BVD Group, will add 118 new rooms to Caledon’s growing tourism and hospitality sector. The company is investing an estimated $32 million in the development of the new hotel. The project is anticipated to bring 100 new temporary jobs to support the construction of the facility, and 50 permanent positions once the hotel opens.
Caledon is renowned for its historic villages, beautiful trails, and conservation areas. In 2023, local hotel occupancy rates increased with growing demand for multi-day travel in the Headwaters region. As the town prepares to welcome major events such as the RBC Canadian Open in 2025, this new hotel will create additional space to welcome visitors and guests to experience all that Caledon has to offer.
“The BVD Group is excited to bring the Fairfield Inn by Marriott to a growing Town like Caledon,” says Bikram Dhillon, CEO, BVD Group. “We are committed to fostering a positive impact in the community and dedicated to being an integral part of Caledon’s future growth.”
The new Fairfield Inn by Marriott is expected to open in 2025, creating new space for visitors to Caledon and ensuring the community is ready to welcome the world.
