This report examines the short-and medium-term economic and profitability outlook for Canada’s Accommodation Industry.
Canada’s Accommodation Industry: Industrial Outlook Summer 2016
Canada’s Accommodation Industry: Industrial Outlook Summer 2016
Industry Economic Analysis
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- Exchange Rate—The low dollar continues to make Canada an inexpensive travel destination for international travellers.
- Rising Competition—Short-term room rentals in homes and businesses such as Airbnb and HomeAway are drawing bookings away from the hotel industry. This added competition affects the industry’s pricing power and presents challenges for many establishments.
- Emerging Travel Markets—Increased numbers of visitors from emerging economies will support demand growth for accommodation and widen the customer base for many lodging operations.
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