This industry profile provides a five-year forecast for Canada’s Accommodation Industry.
Canada’s Accommodation Industry: Industrial Profile Autumn 2009
Canada’s Accommodation Industry: Industrial Profile Autumn 2009
Industry Economic Analysis
$550.00
- Dollar—The strong Canadian dollar has made Canada a relatively expensive destination for travellers, limiting demand for accommodation as foreigners choose to travel to other countries.
- Canadians Stay Home—More Canadians are opting to cut travel costs by staying closer to home, supporting domestic demand for accommodations.
- Labour Costs—Wages have been declining over the past nine months as hoteliers cut jobs. Those who do hire find it easier (and therefore less expensive) to attract new workers and retain their existing ones.
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