Latest news with #LARC
Cision Canada
3 days ago
- Business
- Cision Canada
LOMBARD STREET CAPITAL CORP. AND LITHIUM AFRICA RESOURCES CORP. ANNOUNCE EXECUTION OF BUSINESS COMBINATION AGREEMENT
/NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, July 25, 2025 /CNW/ - Lombard Street Capital Corp. (TSXV: LSC.P) (the " Corporation") a capital pool company as defined under TSX Venture Exchange (" TSXV" or the " Exchange") Policy 2.4 – Capital Pool Companies, and Lithium Africa Resources Corp. (" LARC") are pleased to announce that, further to the Corporation's news releases dated March 31, 2025 and April 21, 2025 (the " Prior Press Releases"), the Corporation and LARC, have entered into a business combination agreement dated July 24, 2025 (the " Definitive Agreement") in connection with the proposed business combination of the Corporation and LARC to ultimately form the resulting issuer (the " Resulting Issuer") that will continue on the business of LARC, subject to the terms and conditions outlined below and in the Prior Press Releases. The Corporation and LARC intend that the transactions contemplated by the Definitive Agreement (the " Proposed Transaction") will constitute the Corporation's Qualifying Transaction, as such term is defined in the policies of the Exchange. Following completion of the Proposed Transaction, the Resulting Issuer intends to list as a Tier 2 Mining Issuer on the Exchange. Under the terms of the Definitive Agreement, the Proposed Transaction will be completed by way of a merger under the laws of the Cayman Islands, whereby a wholly owned subsidiary of the Corporation to be incorporated under the laws of the Cayman Islands and LARC will merge under the laws of the Cayman Islands, and the resulting merged entity will survive as a wholly-owned subsidiary of the Corporation. Each issued and outstanding Class A common share of LARC (each an " LARC Share") will be exchanged for common shares (the " Resulting Issuer Shares") of the Resulting Issuer on the basis of one (1) Resulting Issuer Share for one (1) LARC Share (the " Exchange Ratio"). In addition, it is contemplated that all securities convertible, exercisable or exchangeable into LARC Shares outstanding at the effective time will be exchanged for similar securities of the Resulting Issuer on the basis of the Exchange Ratio. Please see the Prior Press Releases for additional information regarding the Proposed Transaction. About LARC LARC has an established 50/50 joint venture partnership with GFL International Co., Ltd. (" GFL") to jointly advance exploration in Africa (the " LAR-GFL JV") and through the LAR-GFL JV, LARC has an indirect 50% interest in a portfolio of exploration assets in hardrock pegmatite districts across a number of prospective African regions covering Ivory Coast, Guinea, Mali and Zimbabwe; separately LARC is working in collaboration with Morocco's National Office of Hydrocarbons and Mining to explore in the Bir El Mami area, located in the Dakhla-Oued Ed-Dahab region (collectively the " Properties"). Prior to completion of the Proposed Transaction, LARC proposes to effect a split of the issued and outstanding LARC Shares, on a fully diluted basis, on the basis of approximately ten (10) post-split LARC Shares for every one (1) pre-split LARC Share issued and outstanding (the " LARC Share Split"). Please see the Prior Press Releases for additional information regarding LARC and the Properties. LARC Private Placement In connection with the Proposed Transaction, LARC completed a brokered and non-brokered private placement offering (collectively, the " LARC Private Placement") of 123,396 units of LARC (the " LARC Units") at a price of C$28.00 per LARC Unit for gross proceeds of C$3,455,088. Each LARC Unit is comprised of (i) one LARC Share, (ii) one LARC Share purchase warrant (each LARC Share purchase warrant, a " Warrant") entitling the holder thereof to acquire one additional LARC Share (each, a " Warrant Share") at a price of C$37.00 per Warrant Share until April 22, 2030, and (iii) one special warrant of LARC (each, a " LARC Special Warrant"). Each Special Warrant entitles the holder thereof to receive, without payment of any further consideration and without further action on the part of the holder, and subject to customary adjustment provisions, 0.15 additional LARC Shares (the " Penalty Shares"). The Special Warrants shall be automatically exercised, with no further action on the part of the holder (and for no additional consideration), on October 22, 2025 (the " Trigger Date"). In the event the Proposed Transaction is completed on or before 5:00 p.m. (ET) on the Trigger Date, the Special Warrants will expire, and the Penalty Shares will not be issued. The LARC Shares, LARC Warrants and LARC Special Warrants will be issued on a pre-LARC Share Split basis. In connection with the LARC Private Placement, LARC paid to certain brokers and finders a cash commission of approximately $117,200 and issued 1,011 broker warrants and 7,627 advisory warrants with each broker warrant and advisory warrant being exercisable until April 22, 2028 to acquire one LARC Share for C$28.00. Following the completion of the Proposed Transaction, the Resulting Issuer is anticipated to have cash on hand of approximately C$7 million, which shall be used towards the exploration and development of LARC's asset portfolio. On the terms of the LARC GFL JV, funding provided by LARC into the Properties is expected to be matched by GFL. LARC intends to use the net proceeds of the LARC Private Placement and the Concurrent Financing for (i) exploration of its properties in Ivory Coast and Zimbabwe (the " Material Properties"), and (ii) general corporate and working capital purposes. Completion of the Concurrent Financing is a condition of the completion of the Proposed Transaction. Concurrent Financing Prior to or concurrently with the closing of the Proposed Transaction, it is anticipated that LARC will complete a concurrent non-brokered private placement (the " Concurrent Financing") of subscription receipts (each a " Subscription Receipt") at C$2.80 per Subscription Receipt (on a post-LARC Share Split basis), for minimum gross proceeds of C$1,544,914. Each Subscription Receipt shall convert into one unit of LARC (each, a " SR Unit") (on a post-LARC Share Split basis) immediately prior to the closing of the Proposed Transaction. Each SR Unit shall comprise of one LARC Share and one LARC Share purchase warrant entitling the holder thereof to acquire one additional LARC Share at a price of C$3.70 per LARC Share for a period of five years from the date of issuance. Lock up Agreements In addition to the escrow requirements of the TSXV and applicable securities laws, certain securityholders of LARC, who collectively own 969,164 LARC Shares (representing approximately 68% of the issued and outstanding LARC Shares) and 124,850 options (" LARC Options") of LARC (representing approximately 62% of the outstanding LARC Options), have agreed to a voluntary one-year lock-up period with respect to the Resulting Issuer Shares and options of the Resulting Issuer that they will receive in exchange for their LARC Shares and LARC Options upon completion of the Proposed Transaction. Lombard is a capital pool company and its common shares are listed for trading on the TSXV under the symbol "LSC.P". Filing Statement In connection with the Proposed Transaction and pursuant to the requirements of the TSXV, Lombard will file a filing statement or a management information circular on its issuer profile on SEDAR+ ( which will contain details regarding the Proposed Transaction, Lombard, the Material Properties, the Concurrent Financing, and the Resulting Issuer. Sponsorship of Qualifying Transaction Sponsorship of a qualifying transaction of a capital pool company is required by the TSXV unless exempt in accordance with TSXV policies. Lombard intends to apply for an exemption from the sponsorship requirements. Reinstatement to Trading In accordance with the policies of the TSXV, the Lombard Shares are currently halted from trading and will remain so until such time as the TSXV determines, which, depending on the policies of the TSXV, may not occur until completion of the Proposed Transaction. Further Information Further details about the Proposed Transaction and the Resulting Issuer will be provided in subsequent press releases as the Proposed Transaction advances and in the disclosure document to be prepared and filed in connection with the Proposed Transaction. Investors are cautioned that, except as disclosed in the disclosure document to be prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative. The TSX Venture Exchange Inc. has in no way passed upon the merits of the Proposed Transaction. ABOUT THE CORPORATION The Corporation is a CPC that has not commenced commercial operations and has no assets other than cash. Except as specifically contemplated in the CPC Policy, until the completion of its Qualifying Transaction, the Corporation will not carry on business, other than the identification and evaluation of businesses or assets with a view to completing a Qualifying Transaction. Information concerning LARC has been provided to the Corporation by LARC for inclusion in this press release. Completion of the Proposed Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and if applicable pursuant to Exchange Requirements (as that term is defined in the policies of the TSXV), majority of the minority shareholder approval. Where applicable, the Proposed Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Proposed Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative. The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. The securities referenced herein have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements in this press release relate to, among other things, the Proposed Transaction and certain terms and conditions thereof; the business of LARC, information concerning the Material Properties, the commissioning of an updated NI 43-101 compliant technical report with respect to the Material Properties, the terms, use of proceeds and completion of the LARC Private Placement and the Concurrent Financing, and the terms thereof; TSXV sponsorship requirements and intended application for exemption therefrom; matching of the Resulting Issuer's funds by GFL; shareholder, director and regulatory approvals; and future press releases and disclosure. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; the listing of the Resulting Issuer on the Exchange; and completion of a Qualifying Transaction. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. SOURCE Lombard Street Capital Corp.
American Press
01-07-2025
- American Press
One-tank trips: Lafayette, Alexandria, Natchitoches
Meshelle Morgan, operations manager at Natchitoches Convention and Visitors Bureau, recommends visitors to the city have picnics on the riverbank. (Special to the American Press) Summertime is here, and if you're looking for somewhere to go for the day, look no further than our home state. There are cities throughout Louisiana that offer a variety of fun entertainment — for kids and adults alike. Lafayette Louisiana is no stranger to rich cultures, and Lafayette is home to an epicenter of Acadian history. The Village offers a step back in time to a simpler, yet more difficult, era. It's great to learn about what led Acadia's ancestors here, said Kristen Wilkens, LARC's store manager. 'A lot of the children are shocked at the contrast between the early 1800s and now – by showing them region-specific differences, it impacts them directly,' she said. The Village is made up of different homes, with each one having its own story and history. A trip to the Acadian Village is not only educational and fun, but also all proceeds directly benefit LARC, which assists adults with special needs through participation in community engagement and education while promoting employment opportunities. The Acadian Village is a great place for families to enjoy a full day learning a little Acadian history. Families often bring a picnic and enjoy it at the pavilion. Independent and guided tours of the village are also available. Guided tours are $15 per adult and $12 per student, while self-guided tours are $11 per adult, $10 per senior, and $9 for students. The Village is located at 200 Greenleaf Drive in Lafayette and is open Monday through Saturday, 10 a.m. to 4 p.m. during the summer. You can also find live music from 10 a.m. to 1 p.m. on Mondays and Saturdays. Another must-see pit stop in Lafayette is the last freestanding Borden's Ice Cream Shoppe in the country. Borden's in Lafayette opened in 1940 and offers over 31 flavors of delicious ice cream. The two most popular items on the menu are the banana splits and a scoop of vanilla dipped in Elmer's Gold Brick Topping that turns into a hard shell, according to Kackie Lerille, owner of Borden's. She and her father, Red Lerille, purchased the property and the business in 2009. 'It was a cute little spot that we felt it was important to take care of.' They proceeded to complete a year-long renovation, but kept the business open for the community. Borden's Ice Cream Shoppe is open Monday through Thursday, 11 a.m. to 9 p.m.; Friday, 11 a.m. to 10 p.m.; and Saturday and Sunday, 10 a.m. to 10 p.m. Alexandria If your family loves animals, Alexandria is the best place to take the kids this summer. The Alexandria Zoo, 3016 Masonic Drive, Alexandria, is open seven days a week, 9 a.m. to 4:30 p.m. The Zoo has all sorts of animals from flamingos to the American black bear. You can even take a train ride around the zoo and if you get hungry, eat at the Palm Cafe. The Palm Cafe is open Sunday through Friday, 10 a.m. to 3 p.m. and Saturday's 10 a.m. to 4:30 p.m. If you want to see more animals, you can head on over to the 'Gone Wild Safari' a couple minutes away in Pineville. Gone WIld Safari is a drive-through animal park where wildlife roam freely and you can observe animals in their natural habitats right in the comfort of your own vehicle. It is open 7 days a week, 9 a.m. to 4 p.m., allowing visitors to drive their own car through the safari. There is an extra fee to feed the animals yourself, but on Fridays and Saturdays, you can hop on a guided bus tour between 10:15 a.m. and 3:15 p.m. The Safari also has an interactive petting zoo, a hands-on wildlife experience that will delight kids and adults alike. For more information on Gone Wild Safari, call 318.787.6902. After a day filled with playing with the animals, stop at a CenLa's favorite, BJ's Pizza House. This iconic pizza restaurant has been serving the Alexandria area since 1979. With three locations in Cenla, (Pineville, Ball and Alexandria) it's hard to pass up while visiting the area. The restaurant has been voted 'CenLa's Best Pizza' for over 30 years, said Norma Baker. She is the store manager for the Pineville location and managing partner for BJ's Pizza House, and has been working there for even longer. 'We really push freshness and quality of product.' BJ's makes its own dough from scratch two to three times a day, and has used the same great recipe since 1979. The restaurant uses its secret seasoning blend to make its signature sauce, and chops its bell peppers and onions by hand to keep it fresh. 'When people come in town, the first thing they want to do is go to BJ's. … They say 'there's no place in Dallas or no place in Nashville like BJ's' – they want to come home and have BJ's pizza,' she said. Natchitoches For a day filled with history, shopping, and walking along a beautiful riverfront look no further than Natchitoches. The city was established in 1714 and is the original French colony in Louisiana. It is also the oldest settlement in the Louisiana Purchase. Take a stroll along the Cane River and enjoy the atmosphere. 'I recommend taking in Front Street and having a picnic down on the riverbank,' Meshelle Morgan, operations manager at Natchitoches Convention and Visitors Bureau, said. The historic district offers over 20 locally-owned shops and boutiques, and multiple restaurants. Be sure to stop in at Kaffie-Frederick General Mercantile. Established in 1863, the store is the oldest business in the city and Louisiana's oldest general store. You can find anything in the store from classic toys — like a Radio Flyer wagon — to hardware and kitchen supplies. Upstairs is a gift shop with jewelry and Christmas items year-round. After shopping on Front Street, if you're feeling hungry, there are plenty of options. One local favorite is Papa's Bar and Grill. While in Natchitoches, you can always opt for a Natchitoches meat pie or try one of Papa's burgers. One of Morgan's favorite places to stop in is the Cane River Candy Company on Front Street for a delicious sweet treat. The store is a local candy store offering a variety of chocolate covered treats, retro candy, popcorn and more. If you like mini golf head over to the brand new attraction at Dark Woods Adventure Park located at 4343 University Parkway Natchitoches. It has a fun pirate-themed mini golf course for all ages to enjoy. 'Natchitoches is a safe and fun family environment,' Morgan said. Next time you're considering a trip to get away, but don't really have the time or money to schedule a weeklong vacation, look in your own backyard for fun places to go and see!
Yahoo
01-05-2025
- Health
- Yahoo
Abortion groups, doctors on 1-year anniversary of 6-week abortion ban declare: ‘We're still here'
(Getty Images) A year into Florida's ban on most abortions after six weeks' gestation, the network of groups and doctors providing access to pregnancy terminations hasn't vanished. Still, the six-week ban led to a sharp decline in the number of abortions. By the state's count, there were 19,198 fewer abortions in 2024 than in 2023. Another estimate from the Guttmacher Institute, a reproductive health policy and research organization tracking medication abortions from pills shipped through the mail, places the decrease in abortions at 12,100. As of March 31, the Florida Agency for Health Care Administration reported 8,682 abortions. In interviews with the Florida Phoenix, representatives of Planned Parenthood this week stressed that its clinics are still providing people with access to health care services that run the gamut. 'We're still here. We're still going to be here. Planned Parenthood has always been around. I cannot imagine it not being around,' said Dr. Cherise Felix, chief medical officer of Planned Parenthood of South, East, and North Florida. 'We've expanded our service line. I think it's important for the community to know we do much more than abortion care. We do vasectomies, we do prenatal care, we do fertility care. We do menopausal care. It's not just abortions and STDs (sexually transmitted diseases). But I think the community is learning that. There's a large need for Planned Parenthood.' The Florida Supreme Court last year upheld a 15-week abortion ban, which cleared the way for a more restrictive six-week ban Gov. Ron DeSantis signed into law in 2023 to take effect May 1, 2024, presuming the outcome of the court ruling. The law bans abortions after six weeks' gestation, before many people know they're pregnant. There are exceptions for people who get pregnant as a result of rape, incest, or human trafficking. They can obtain abortions up to 15 weeks, but they must show a restraining order, police report, medical record, or court document showing that a crime is the reason they want to terminate the pregnancy. Other exceptions to the state's six-week ban require two doctors to certify that the termination of the pregnancy is necessary to 'save the pregnant woman's life or avert a serious risk of substantial and irreversible physical impairment of a major bodily function of the pregnant woman.' A single physician can approve the procedure if no other doctor is available. Abortions in the third trimester are legal if the fetus has a fatal abnormality. A proposed constitutional amendment to allow abortions up to the point of viability was approved by a majority of voters but didn't receive the necessary 60% approval to pass. In the year since the restrictive six-week ban took effect, Felix said, more of her patients are requesting longer-acting reversible contraception (LARC) implants. And some patients are asking for more permanent birth control, she said. 'Something I didn't expect is to see an increase in vasectomy patients — men that are seeking vasectomies because it's not safe anymore to not have really good contraception on board. And sometimes things fail, birth control pills fail, birth control sometimes fail,' she said. 'So we see a lot of men who are there who aren't really willing to leave it up to chance anymore and so they are starting to be a lot more involved in contraception as well.' Planned Parenthood of Southwest and Central Florida Chief Medical Officer Dr. Robyn Schickler says that since the six-week ban she's seen an uptick in patients with miscarriages diagnosed by other physicians who refer them to a Planned Parenthood center because 'they don't know if they can take care of them' under Florida law. The clinic is seeing patients seeking exceptions to the six-week ban either because they were raped or are having maternal health complications or their fetus has a fetal abnormality, Schickler said. Florida law defines a fatal fetal abnormality as a terminal condition that, in reasonable medical judgment, regardless of the provision of life-saving medical treatment, is incompatible with life outside the womb and will result in death upon birth or imminently thereafter. Two physicians must certify in writing that there is a fatal fetal abnormality in order to qualify for an exception to the six-week ban. The definition is narrow and leaves pregnant people in a tough situation. Schickler said that it locks out some women with fetuses with genetic or chromosomal abnormalities. 'When it doesn't qualify, it's something really bad but, medically speaking, you can't give a definitive, 'Yes, of course the fetus will die, you know, in the uterus or right after birth.' There's some things you can't, you can't say for sure. And so it doesn't fit that narrow exception,' Schickler said. Some of Schickler's patients aren't even aware of the six-week abortion ban and are shocked when they first present and are told they cannot obtain an abortion. 'I would say the most common is they just start crying like they can't believe it. Devastation,' Schickler said, describing their reactions. 'Sometimes we'll get someone, you know, asking if you can make an exception and just do this one, which of course we can't legally. Most of the time, though, it's just it's really sad like, you know, immediate crying, complete devastation.' Planned Parenthood affiliates across Florida refer patients to their patient navigation program, which indentifies clinics in states where they can still obtain an abortion. Statewide, more than 3,000 Florida patients have used the system in the last year, according to Planned Parenthood. Additional groups in Florida provide money for abortions in and out of the state, which entails paying for flights, hotels, and rideshares. This year alone, the Tampa Bay Abortion Fund has helped around 1,100 people end pregnancies, said Bree Wallace, the organization's director for case management. Most of the people the fund helps end up obtaining appointments in D.C. and Illinois. 'Now, people can go within a few days sometimes, so it's definitely more expensive,' Wallace said. 'Flights alone have been, like, $600 to $800, usually, and if someone wants to bring someone with them, that doubles.' TBAF's logistical support to help people get to their appointments added up to $91,000 last year, according to its impact report. 'It's definitely been more expensive. I mean, every case is different, but you could definitely spend almost $2,000 alone on travel for someone going out of state,' Wallace said. SUPPORT: YOU MAKE OUR WORK POSSIBLE Aside from the six-week ban, there are other restrictions in Florida's abortion laws. Only doctors are authorized to provide abortions and telehealth is banned, which means physicians must be in the room when women are administered abortion medication. Florida has a 24-hour waiting period and a requirement that patients undergo a sonogram exam before obtaining an abortion. Minors must notify their parents and secure their approval but a judge can waive those requirements. The Tampa fund helps minors connect with The Jane Network, which provides free legal services to get a judicial bypass. While the rate of approval for a judicial bypasses remained steady since the six-week ban went into effect, the number of petitions declined by 43% from 2022 to 2024, according to annual reports from the Office of the State Courts Administrator. Out of 130 petitions minors filed for a court's approval to seek an abortion last year, judges approved 123. Amanda Greenfield, founder and executive director of The Jane Network, said minors seek judicial bypass because their parents are abusive or they may be estranged and not living at home. 'Often a young person will reach out to us and, by the very next day, they will have an attorney and be able to go to court, and, hopefully, get that judicial bypass granted,' Greenfield said. Since the six-week ban, minors have been contacting the pro bono group before they know they're pregnant, Greenfield said. 'We are seeing a lot of fear with young people. Young people contact us all the time, even before they know they're pregnant, because they think there's a chance that they're pregnant,' she said. 'If so, they wanna make sure they will be able to meet all the requirements before six weeks.' SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
Yahoo
17-04-2025
- Business
- Yahoo
US hotels see record booking drop as trade tensions escalate
The US hotel sector is experiencing a significant downturn, as fresh data shows a steep drop in summer travel bookings—particularly from Canada—amid rising economic instability. Experts link the turbulence to a mix of volatile tariff policies and heightened geopolitical tensions, which have collectively eroded confidence in the travel and hospitality markets. According to industry analysts, advance hotel bookings from Canadian travellers have fallen by over 70% compared to last year. This sharp decline coincides with a broader drop in consumer sentiment, which is down 23% year-to-date, reflecting wider concerns about the direction of the US economy. Lodging Analytics Research & Consulting (LARC), a key industry advisory firm, has announced it will not publish an updated forecast for the US hotel industry in light of current market conditions. The decision marks a rare move, prompted by what the firm described as 'unprecedented uncertainty' within the economic and political environment. Moody's Analytics recently revised its 2025 US GDP forecast from 2.3% to 1.3%, citing instability in trade policy and deteriorating economic indicators. Meanwhile, the S&P 500 index has fallen by 15% so far this year, including a 12% drop since the beginning of April. These developments are adding pressure to sectors reliant on consumer spending and international travel. Relations between the US and Canada have become increasingly strained, with recent policy shifts and rhetoric from Washington contributing to the decline in travel demand. Canadian tourists represent a significant portion of the US hotel market, and the sudden drop in bookings is expected to have a noticeable economic impact during the summer months. Observers have pointed to recent tariff increases and the lack of clear guidance from the US administration as key contributors to the uncertainty. The unpredictability surrounding trade negotiations, particularly with major partners like Canada, has made it difficult for businesses to plan for the months ahead. The combination of falling markets, shrinking GDP expectations, and a drop in consumer confidence is likely to affect multiple parts of the travel and hospitality sectors. Industry figures suggest that, without a clearer policy framework and stabilising economic signals, recovery may be slow and uneven. For now, firms like LARC are holding off on future projections, underlining the unpredictable nature of the current climate. The US hotel industry, once buoyed by steady cross-border travel and consumer spending, may now face one of its most challenging periods in recent years. Navigate the shifting tariff landscape with real-time data and market-leading analysis. Request a free demo for GlobalData's Strategic Intelligence . "US hotels see record booking drop as trade tensions escalate" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
