This report examines the short-and medium-term economic and profitability outlook for Canada’s Accommodation Industry.
Canada’s Accommodation Industry: Industrial Outlook Winter 2013
Canada’s Accommodation Industry: Industrial Outlook Winter 2013
Industry Economic Analysis
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- Canadian Economy—Economic growth will be modest in Canada this year and risks have now shifted from the global to the domestic economy. This will result in a slower expansion of the industry over the near term.
- Business Travel—Canadian merchandise trade, which is closely linked with business travel, has been declining since mid-2012. That has led to reduced growth in the number of business visitors coming to Canada.
- Smartphone Technologies—Smartphones are transforming key activities in the industry, from the way guests book hotel rooms to eventually replacing standard plastic key cards. If used wisely, smartphone technologies have the potential to improve the industry’s productivity.
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