This industry profile provides a five-year forecast for Canada’s Accommodation Industry.
Canada’s Accommodation Industry: Industrial Profile Autumn 2015
Canada’s Accommodation Industry: Industrial Profile Autumn 2015
Industry Economic Analysis
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- Exchange Rate—The drop in the Canadian dollar has reduced the cost of travelling in Canada, which encourages foreigners to visit the country and Canadians to travel locally.
- 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—Domestic business travel is projected to plunge, especially in Western Canada where local economies have been badly hurt by the drop in oil prices.
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