Montreal Hotels Expect Growth Amid Drop in U.S. Visitors

Skift

2 days ago

The DJIA fell 11 points, the Nasdaq was down 2, the S&P 500 rose 2 points, and the 10-year treasury yield was up .06 to 4.29%. The markets made a nice recovery, but nobody told the lodging stocks that, as they were nearly all in negative territory on the day.
As Montreal enters the second half of the summer season, the city's tourism industry remains stable, showing comparable results to the previous year. However, there has been a slight dip in U.S. visitors, with numbers down by approximately 7% compared to the same period in 2024. This decline contrasts with Quebec City, which has seen a more significant drop in visitation, estimated at 8% to 10%. The decrease in U.S. tourists is believed to be linked to ongoing trade tensions between the U.S. and Canada. Despite this, Montreal has seen a notable increase in Canadian travelers, with a 15% rise in visitors from across the country, particularly from the Atlantic p