Industry Lens: Accommodation—February 2023

Industry Lens: Accommodation—February 2023

Industry Sector Economics
15 min read

Author: The Conference Board of Canada


This report examines the short- and medium-term economic and profitability outlook for Canada’s accommodation industry.

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In this research, we explore the effects of labour shortages, surging prices, and rebounding tourism activity on Canada’s accommodation services sector.

Given that tourism activity picked up in the summer of 2022, when will output in the sector recover to its pre-pandemic level? Will changes from April 2022 to the Temporary Foreign Worker program be enough to keep accommodation services afloat? We share our outlook for the industry, considering elevated inflation and interest rates.

Read the issue briefing to get our full analysis.

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