COVID-19 travel trend: Hotel guests checking in for month-long stays

Forget checking into a hotel for a long weekend or a week. In the wake of COVID-19, travellers around the world are booking stays that last a month or even longer.

According to hoteliers globally, it's a pattern that started this summer when their properties reopened after being shuttered for several months.

See Full Article


Latest Economic News

  • Freshii sees sales start to recover as most of its restaurants reopen

    Economic CTV News
    TORONTO -- Freshii Inc. says its core lunch business remains in "recovery mode" even though overall company sales have started to recover with the reopening of most of its restaurants that were temporarily closed to help prevent the spread of COVID-19. Source
  • Competition Bureau launches probe of Amazon, seeks input from businesses

    Economic CTV News
    OTTAWA -- The Competition Bureau has launched a new probe into Amazon's conduct to determine whether the online retailer is harming competition. The investigation, which is seeking confidential information from Canadian businesses, will include a particular focus on "potential abuse of dominance. Source
  • Record lumber prices adding thousands of dollars to new home building costs

    Economic CTV News
    CALGARY -- Soaring lumber and wood panel prices are adding thousands of dollars to the cost of building a home in Canada as strong renovation and new housing demand meets a shortage of supply. The latest price list from research firm Random Lengths shows SPF (spruce, pine, fir) two-by-four boards at a "mindboggling" record level of US$760 per thousand board feet, up $82 on the week, according to Kevin Mason, managing director of ERA Forest Products Research. Source
  • Cineplex reports $98.9-million Q2 loss with movie theatres closed

    Economic CTV News
    TORONTO -- Cineplex Inc.'s chief executive is hoping that ending an agreement with a virtual reality golf company, films debuting in Canada before the U.S. and a slew of COVID-19 measures will right his business as it struggles with mounting costs for movie theatres that sat closed for months. Source
  • Competition Bureau investigates over policies relating to third-party sellers

    Economic CBC News
    Canada's Competition Bureau has launched an investigation into online selling powerhouse to examine whether the website's U.S. owners are "impacting competition to the detriment of consumers and companies that do business in Canada." The competition watchdog said in a release Friday that while its probe is ongoing and stressed that "there is no conclusion of wrongdoing at this time," the bureau is looking into whether or not the site may be engaging in anti-competitive practices,…
  • Materials sector weighs on Toronto market in late-morning trading

    Economic CTV News
    TORONTO -- Canada's main stock index edged lower in late-morning trading, weighed down by losses in the materials sector, while U.S. stock markets were mixed. The S&P/TSX composite index was down 15.24 points at 19,136.05. Source
  • Pattie Lovett-Reid: Now's the time to find a job if you can, before government support runs out

    Economic CTV News
    TORONTO -- Canadians appear to be at odds on whether they think the The Canada Emergency Response Benefit (CERB) will be extended again. There has been no indication the relief measure will be extended. But depending on who you speak, it is sure to generate a mixed response. Source
  • Malaysian economy shrinks 17 per cent in worst contraction on record

    Economic CTV News
    KUALA LUMPUR, MALAYSIA -- Malaysia has reported its economy contracted 17 per cent in the last quarter in its worst downturn since the global financial crisis. The central bank said the real rate of annual growth was 16.5 per cent in the April-June quarter, down from a 2 per cent contraction in the first quarter of the year. Source
  • Canadian tour boats entering U.S. waters lead to turbulence during COVID-19 border closure

    Economic CBC News
    U.S. tour boat operator David Kay is frustrated. He said he's prohibited from entering Canadian waters in the St. Lawrence River, yet he continually sees Canadian tour boats travel along the same river into U.S. waters. "We can't go over there and they can come over here," said Kay, owner of Clayton Island Tours in Clayton, N.Y. Source
  • Asian shares mixed on weak China data, worries over pandemic

    Economic CTV News
    TOKYO -- Asian shares were mostly higher in cautious trading Friday as investors studied fresh data out of China showing that its recovery remains subdued. China reported factory output rose 4.8% from a year earlier in July, on a par with June's increase. Source