Business First real estate issue hits newstands

December 23, 2011 Updated Dec 26, 2011 at 9:51 AM EDT

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December 23, 2011 Updated Dec 26, 2011 at 9:51 AM EDT

The annual Business First real estate issue shows how there is a wave of hotel projects in WNY, thanks to Canadian visitors. Canadians make up about 35 percent of passengers at the Buffalo airport and more than 72 percent at the Niagara Falls airport. They often account for more than half of customers at area malls. Hotel operators and developers say that translates into the need for more hotel rooms or renovations to existing properties. Smith Travel Research says hotels are running at about 70 percent occupancy this year.

If you're done shopping for gifts, now it's time to shop for food! Local businesses like the Village Sweet Shoppe in Hamburg are busy these days. The National Retail Federation says the average consumer plans to spend about $100 on food and candy. Market research company IBIS World says that will add up to $5.4 billion this holiday season.

The annual Business First Book of Lists is out, complete with company listings and contact information. Business First subscribers got one in the mail this week. To get your own copy, call 541-1631 or 541-1638. Or go to www.bizjournals.com/buffalo or News Links at wkbw.com.

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