The Canadian Industrial Outlook Service includes detailed five-year forecasts in 16 key Canadian industries. This report examines the short-and medium-term economic and profitability outlook for Canada’s Accommodation Industry.
Canada’s Accommodation Industry: Industrial Outlook, Summer 2009
Canada’s Accommodation Industry: Industrial Outlook, Summer 2009
Industry Economic Analysis
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- Canadians Stay Home—More Canadians are choosing to cut travel costs by staying closer to home. As a result, domestic demand for accommodations has actually improved this year.
- H1N1—The H1N1 influenza is expected to have a negative impact on the accommodation industry through reduced economic activity and travel restrictions.
- Occupancy Rate Down—With the recession posing greater challenges to the industry than did 9/11 or SARS, occupancy rates are down this year.
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