Seattle’s hotel profits are tanking from a Canadian tourism plunge, with rising costs piling on—FIFA World Cup and new bill offers hope.
SEATTLE — Seattle’s hotel industry is hitting a rough patch—profits shrinking as fewer Canadian visitors cross the border and rising operational costs pile on.
A new report from Oxford Economics, commissioned by the American Hotel & Lodging Association (AHLA) and the Seattle Hotel Association, shows that hotel operations and visitor spending generated $8.3 billion in economic activity last year. The industry supported more than 37,000 jobs and contributed $1.4 billion in tax revenue statewide.
But despite that sizeable impact, hospitality insiders say a slowdown
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