This report examines the short-and medium-term economic and profitability outlook for Canada’s Accommodation Industry.
Canada’s Accommodation Industry: Autumn 2010
Canada’s Accommodation Industry: Autumn 2010
Industry Economic Analysis
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- Employment—Canada’s employment level is back to where it was before the recession. Job creation is key to increasing personal travel demand and is a strong indicator of business confidence.
- Exchange Rate—The Canadian dollar remains high by historical standards, discouraging foreigners from spending their vacations in Canada.
- Occupancy Rates—With the economy improving, occupancy rates are up from last year.
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