This report examines the short-and medium-term economic and profitability outlook for Canada’s Accommodation Industry.
Document Highlights
- Domestic Demand—Low consumer confidence, combined with high debt levels, will put pressure on consumers to spend less on leisure travel this year.
- Foreign demand—The economic recovery is gaining momentum in the United States. This will contribute to growth in the number of business travellers coming to Canada.
- Economic Uncertainty—There will be no shortage of threats to the global economic recovery this year. Greece could default on its debt, and we could see another hike in oil prices.
