This report examines the short-and medium-term economic and profitability outlook for Canada’s Accommodation Industry.
Canada’s Accommodation Industry: Industrial Outlook Summer 2014
Canada’s Accommodation Industry: Industrial Outlook Summer 2014
Industry Economic Analysis
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- Weaker Dollar—A lower dollar is reducing the relative cost of travelling in Canada, encouraging Canadians to travel domestically and foreigners to visit the country.
- Tight Capacity Control—The weak increase in room supply is lifting occupancy rates, especially in Central Canada. This will help support growth in the industry’s profitability.
- Changes to the TFWP—Recent changes to the Temporary Foreign Workers Program will make it make it more difficult for Canadian hoteliers to fill vacant positions during peak periods.
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