This report examines the short-and medium-term economic and profitability outlook for Canada’s Accommodation Industry.
Canada’s Accommodation Industry: Industrial Outlook Summer 2012
Canada’s Accommodation Industry: Industrial Outlook Summer 2012
Industry Economic Analysis
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- Economic Uncertainty—Global economic growth has slowed significantly in recent months, which in turn affects both consumer and business confidence.
- Consumers on a Tighter Budget—In order to save on travel spending, consumers are increasingly opting for budget hotels or taking advantage of flash deals and those offered on opaque booking websites.
- Greener Practices—The industry has been adopting greener practices in recent years. This will lower the industry’s energy and waste- management costs.
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