This report examines the short-and medium-term economic and profitability outlook for Canada’s Accommodation Industry.
Canada’s Accommodation Industry: Industrial Outlook Winter 2014
Canada’s Accommodation Industry: Industrial Outlook Winter 2014
Industry Economic Analysis
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- Weaker Dollar—The recent depreciation of the dollar is reducing the relative costs of travelling in Canada, thus encouraging both Canadians to travel at home and foreigners to visit the country.
- Export Recovery—Stronger economic growth in the U.S. and the European Union will boost our exports that, in turn, will benefit the accommodation industry as exports are closely linked with business travel.
- Room Service—The rising popularity of online food delivery services in Canada’s largest cities is making it easier than ever for travellers to avoid the hefty costs of room service.
