Canada’s Accommodation Industry: Industrial Outlook Winter 2016
The Conference Board of Canada, 12 pages
March 16, 2016
This report examines the short-and medium-term economic and profitability outlook for Canada’s Accommodation Industry.
- Weaker Dollar—The lower dollar is expected to continue to make Canada a relatively cheaper travel destination, encouraging international travellers to come to this country.
- U.S. Economy—U.S. travellers are by far the largest group of visitors to Canada, accounting for almost 80 per cent of visitors. Strengthening disposable income in the U.S. will lead to more travel to Canada.
- Canadian Economy—Low consumer confidence, weak economic growth, and high debt burdens will prevent Canadians from travelling as much, both internationally and domestically.