Hotels & Motels in Canada - Industry Market Research Report

Hotels & Motels in Canada - Industry Market Research Report

  • August 2020 •
  • 50 pages •
  • Report ID: 4248861 •
  • Format: PDF
Room service: Increases in consumer spending are expected to sustain industry revenue growth

Abstract

Hotels & Motels in Canada
The Hotels and Motels industry in Canada has grown substantially over the five years to 2019, encouraged by an increase in international tourism and hikes in per capita disposable income. Consistent economic growth over the past five years and relatively stable consumer confidence have boosted the ability of Canadians to take overnight domestic trips. Furthermore, hotels and motels, which rely on international travellers, have benefited from growing inbound international visitor numbers. Despite the prominence of large, well-known hotel chains, the industry has a low level of concentration and still has many small- to medium-sized independent operators. This has kept the industry highly competitive over the past five years. Industry revenue and profit growth are expected to slow down over the five years to 2024. However, increases in consumer spending are expected to sustain industry revenue growth.

The Hotels and Motels industry in Canada provides short-term lodging in facilities known as hotels, motels, motor hotels and resort hotels. These establishments may offer food and beverage services, recreational services, conference rooms and convention services, laundry services, parking and other services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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