The Canadian Industrial Outlook Service includes detailed five-year forecasts in 16 key Canadian industries. The report examines the short- and medium-term economic and profitability outlooks for these industries.
Canada’s Accommodation Industry: Industrial Outlook, Summer 2008
Canada’s Accommodation Industry: Industrial Outlook, Summer 2008
Industry Economic Analysis
$1,225.00
Key Issues
- Domestic Travel—Although growth in domestic travel spending will weaken in the near term, it will continue to be the primary support for accommodation demand in the face of shrinking foreign expenditures.
- Dollar—The high value of the Canadian dollar is limiting foreign demand for accommodations and inducing more Canadians to travel overseas.
- Labour Costs—Industry wage appreciation remains high as hoteliers continue to report that labour shortages are a major challenge.
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