Canada’s Accommodation Industry: Industrial Outlook Summer 2015

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

Document Highlights

Exchange Rate—The Canadian dollar has depreciated significantly relative to most major currencies. In turn, this makes travel to Canada more attractive for international visitors, while also encouraging more Canadians to vacation within Canada.

U.S. Economy—Thanks to a combination of a favourable exchange rate and strong gains in the labour markets, U.S. visits to Canada are rising to levels not seen in years.

Business Travel—The lone headwind facing the accommodations industry this year is domestic business travel, which is projected to plunge particularly hard in Western Canada where local economies have been badly hurt by the drop in oil prices.