Canada's Accommodation Industry: Industrial Profile Autumn 2012
The Conference Board of Canada, 2 pages,
November 30, 2012
This industry profile provides a five-year forecast for Canada's Accommodation Industry.
- Electronic Check-In—The adoption of electronic check-in technology can
help lower hotels’ staffing requirements, as labour costs account for more than
60 per cent of the industry’s operating costs.
- Tighter Budgets—A sluggish domestic economy has limited consumers’ and
businesses’ travelling budgets.
- Economic Uncertainty—Global economic growth has slowed significantly in
recent months, affecting both consumer and business spending.