This report examines the short-and medium-term economic and profitability outlook for Canada’s Accommodation Industry.
Canada’s Accommodation Industry: Winter 2010
Canada’s Accommodation Industry: Winter 2010
Industry Economic Analysis
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- Employment—Labour market conditions appear to be improving. Jobs and income are crucial for travel.
- Dollar—The strong Canadian dollar has made Canada a relatively expensive destination, thus limiting demand for accommodation as foreigners choose to travel to other countries.
- Occupancy—With businesses cutting back on travel expenses and consumers still reluctant to travel, occupancy rates have fallen.
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