This report examines the short-and medium-term economic and profitability outlook for Canada’s Accommodation Industry.
Canada’s Accommodation Industry: Industrial Outlook Summer 2013
Canada’s Accommodation Industry: Industrial Outlook Summer 2013
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- Soft Domestic Economy—Canadian households, businesses, and governments are dealing with tight budget constraints, resulting in a weaker economy and slower growth for the accommodation industry.
- Mobile Workers—Renting out available meeting spaces to workers looking for temporary offices is a new way for hotels to generate revenues.
- Travellers From China—The recently expanded air transport agreement between Canada and China will contribute to the robust growth in the number of travellers from the Chinese mainland in coming years.
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