kEiThZ
Superstar
Staffing shortage, inflation, decline of Airbnb.....
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Hamilton International Airport
- Thread starter Branden Simon
- Start date
Staffing shortage, inflation, decline of Airbnb.....
Northern Light
Superstar
To add to what @kEiThZ has said above, many cities have removed substantial portions of the supply leasing them as shelters.
There are at least 17 hotels currently being used as shelters; this is beyond the motels that the City purchased pre-pandemic for housing refugee families.
That represents at least 1,500 rooms of supply.
On top of that, the City has bought some hotel sites as permanent housing (Bond Place Hotel in Toronto) withdrawing another 285 rooms; and again going back to before the pandemic, a sizable hotel at Carlton/Jarvis became a student residence, and more than a decade ago, the University of Toronto bought the former downtown Holiday Inn behind City Hall.
On top of all that, condos have removed supply; the former Sutton Place Hotel downtown is now condos.
Room supply in 2017, in the downtown area of Toronto was no greater than in the year 2000; and the supply has since shrunk. A small number of hotels have been added, but more beds withdrawn even as the population has surged.
Edit to add, you'll see different submarkets preforming differently.
So, for instance, room supply near Pearson is more robust than downtown.
*****
That said, if you're looking at off-season pricing (now), you'll find Toronto rates have moderated quite a bit. There are rooms at the Royal York next week for under $300 a night.
For comparison, The Chelsea will cost you more than $350 a night by mid-June, the Royal York starts from $460 that weekend.
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lead82
Senior Member
I suspect it’s less worker shortages which should be resolved mostly now with wage increases and massive immigration. I think in the large cities yes the hotel supply is limited due to its use for refugee housing by the city. I’m not sure if AirBnB has gone down much. AirBnB has become ridiculously expensive with all the fees that hotels are often cheaper unless one wants a kitchen or travelling with a large group.
stew
New Member
Hi, looking at flying into YHM from the UK (via KEF) - flight is cheap - only worry is that car rental places all seem to only be open from 2 til 7 pm... flight lands at 545 pm - will i have enuf time to clear customs and collect a car?
robmausser
Senior Member
I would call the car rental places. They sometimes have some after hours systems set up in place to rent a car etc.
christiesplits
Senior Member
You can also take an Uber from YHM and travel 20-30 minutes to get more car rental options.
Branden Simon
Senior Member
Hamilton International Airport released its 2023 year in review
https://flyhamilton.ca/hamilton-international-releases-its-2023-year-in-review/
https://flyhamilton.ca/wp-content/u...-Hamilton-International-Airport-Final-Web.pdf
Passenger
2023: 820,011 (+27%)
2022: 645,789
2021: 250,019
2020: 329,193
--Pandemic--
2019: 955,373
2018: 725,630
2017: 599,146
2016: 333,368
2015: 313,839
Cargo
2023: 746,000,000kg (-15%)
2022: 877,000,000kg
2021: 766,000,000 kg
2020: 658,202,000 kg
2019: 532,235,000 kg
2018: 525,161,000 kg
2017: 499,211,000 kg
2016: 438,924,000 kg
https://flyhamilton.ca/hamilton-international-releases-its-2023-year-in-review/
https://flyhamilton.ca/wp-content/u...-Hamilton-International-Airport-Final-Web.pdf
Passenger
2023: 820,011 (+27%)
2022: 645,789
2021: 250,019
2020: 329,193
--Pandemic--
2019: 955,373
2018: 725,630
2017: 599,146
2016: 333,368
2015: 313,839
Cargo
2023: 746,000,000kg (-15%)
2022: 877,000,000kg
2021: 766,000,000 kg
2020: 658,202,000 kg
2019: 532,235,000 kg
2018: 525,161,000 kg
2017: 499,211,000 kg
2016: 438,924,000 kg
christiesplits
Senior Member
City of Hamilton press release:
City signs $400 million deal investing in John C. Munro Hamilton International Airport
www.hamilton.ca
City signs $400 million deal investing in John C. Munro Hamilton International Airport
City signs $400 million deal investing in John C. Munro Hamilton International Airport | City of Hamilton
HAMILTON, ON – The City of Hamilton and TradePort International Corporation have finalized a historic $400 million agreement to further develop and expand John C. Munro Hamilton International Airport over a 49-year term.
www.hamilton.ca
rdaner
Senior Member
Great! When RyanAir enters the Canadian Market I see them choosing Hamilton.
KingJames
Active Member
$400MM over 49 years.... golf clap ! Focus on spend will be in areas outside of passenger areas (only will happen when there is carrier induced demand)
As BCTed on SSP noted ....
Heck, Kelowna is spending more over just the next decade: https://ylw.kelowna.ca/business/projects-and-planning
"Between 2024 and 2033, YLW will invest approximately $422 million in upgrades to airport infrastructure. The expansion is funded through airport revenues and Airport Improvement Fees and is not funded by tax dollars."
As BCTed on SSP noted ....
Heck, Kelowna is spending more over just the next decade: https://ylw.kelowna.ca/business/projects-and-planning
"Between 2024 and 2033, YLW will invest approximately $422 million in upgrades to airport infrastructure. The expansion is funded through airport revenues and Airport Improvement Fees and is not funded by tax dollars."
dowlingm
Senior Member
Michael O’Leary (Ryanair boss) has said many times he doesn’t see transatlantic as a fit for his business model.
Example from 2015:
ghDany1
New Member
No European Low-Cost is gonna cross the Atlantic while keeping it's low-cost reputation.
For the ones that consider it as an option I think once a week will be most they will do
KingJames
Active Member
I read this article on Play Airlines, which uses YHM as a start/end point for LCC route to Europe through Iceland. While I understand it does well, I fear that they will wrap things up to compete more on shorter routes.
www.aviation24.be
PLAY Airlines to reduce North American routes, shifts focus to Southern Europe
PLAY Airlines has announced plans to reduce its capacity to North America as part of a strategic shift in its business model. The low-cost Icelandic
www.aviation24.be
SubHuman
Active Member
Other than a very small number of WestJet flights, is there any other passenger airline besides Play that uses YHM? When I click-on arrivals or departures, I see CargoJet and not much else.
www.flightradar24.com
Live Flight Tracker - Real-Time Flight Tracker Map | Flightradar24
The world’s most popular flight tracker. Track planes in real-time on our flight tracker map and get up-to-date flight status & airport information.
www.flightradar24.com
KingJames
Active Member
Well Air Canada has multiple departures daily! Ok its a bus to YYZ T1... Just will have Sunwing and Air Transat I think for the winter season. Such a sad outcome.