This industry profile provides a five-year forecast for Canada’s Accommodation Industry.
Canada’s Accommodation Industry: Industrial Profile Autumn 2012
Canada’s Accommodation Industry: Industrial Profile Autumn 2012
Industry Economic Analysis
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- Electronic Check-In—The adoption of electronic check-in technology can help lower hotels’ staffing requirements, as labour costs account for more than 60 per cent of the industry’s operating costs.
- Tighter Budgets—A sluggish domestic economy has limited consumers’ and businesses’ travelling budgets.
- Economic Uncertainty—Global economic growth has slowed significantly in recent months, affecting both consumer and business spending.
