Canadian Industrial Outlook: Accommodation—December 2019

The Conference Board of Canada, 11 pages, December 9, 2019
Report by
4.0/5 based on 1 review
(You must be signed in and entitled to rate this report)

This report examines the short-and medium-term economic and profitability outlook for Canada’s accommodation industry.

Document Highlights

Accommodation spending—Following an already strong year in 2018, 2019 will be another banner year for the industry with healthy growth stemming from both domestic and international markets. However, households are increasingly cautious with respect to their spending and we expect travel budgets to tighten from next year on.

Competition from private short-term accommodation—The popularity of private short-term rentals has surged in recent years, dominated by listings offered through Airbnb. After several years of double-digit increases, this segment now accounts for the bulk of industry revenue growth.

Overseas markets—Overseas travellers are key to the health of the accommodation industry. Compared with U.S. tourists, they tend to stay longer in Canada and spend more. In particular, the number of tourists from China took off in recent years and outpaced all other markets, with an estimated one in five dollars spent by overseas tourists now originating from China.

COVID-19: Get all the insights

To see if you are entitled to get this research for free, take a minute and create a free e-Library account. This will let us determine if someone else at your organization has already purchased access to this material.

Browse by...
Need Help?