This report examines the short-and medium-term economic and profitability outlook for Canada’s Accommodation Industry.
Canada’s Accommodation Industry: Industrial Outlook Winter 2011
Canada’s Accommodation Industry: Industrial Outlook Winter 2011
Industry Economic Analysis
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- Tourism Demand—Foreign and domestic tourism demand have improved in the last year, despite the hike in the value of the Canadian dollar. Foreign demand, however, remains well below where it was a decade ago.
- Weak Recovery—The global economic recovery has been slower than expected, and employment has yet to show strong increases in many countries. To thrive, the industry needs strong economic activity.
- Indebted Households—Canadian household debt levels have increased significantly in the last year. Households may decide to slash discretionary expenses—such as travelling—in a bid to reduce debt.
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