Canada's Accommodation Industry: Industrial Outlook Summer 2016
The Conference Board of Canada, 12 pages
October 4, 2016
This report examines the short-and medium-term economic and profitability outlook for Canada’s Accommodation Industry.
- Exchange Rate—The low dollar continues to make Canada an inexpensive
travel destination for international travellers.
- Rising Competition—Short-term room rentals in homes and businesses
such as Airbnb and HomeAway are drawing bookings away from the hotel
industry. This added competition affects the industry’s pricing power and
presents challenges for many establishments.
- Emerging Travel Markets—Increased numbers of visitors from emerging
economies will support demand growth for accommodation and widen the
customer base for many lodging operations.