Lodging in Canada - New Study Released

Supported by an increase of 3% in both domestic and inbound trips, and a 6% rise in spending by inbound tourists, in current value terms, lodging posted growth in current value sales and room nights in 2014. Lodging trends in Canada continued to move towards stronger growth in mid-priced and high-end accommodation, underpinned by several key factors. Economic improvement in Canada in terms of GDP growth and employment gains, albeit modest, buoyed the demand for higher-end lodging. Meanwhile, trends in foreign tourist expenditure in Canada indicated higher spending on accommodation. In addition to organic demand for higher-end lodging, internet bookings presented travellers with deals from premium hotel brands that sustained strong occupancy rates within the luxury segment.

Industry Prospects

Lodging is projected to post a 4% value CAGR at constant 2014 prices over the forecast period. Supported by anticipated growth in domestic and inbound flows, lodging will benefit from the higher number of tourists and rising demand for room nights from both Canadians and foreign visitors. As a result, the national tourism economy is set to continue the expansion recorded over the review period. Inbound tourism flows from traditional source markets, such as Europe and the US, may be hampered as economic difficulties would force people to tighten their holiday budgets. Nonetheless, the expected growth in arrivals from non-traditional source markets, such as Mexico, Australia and Brazil, will buoy the demand for lodging.

Full Report Details at
- http://www.fastmr.com/prod/1055669_lodging_canada.aspx?afid=301

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Travel Accommodation industry in Canada with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Travel Accommodation industry in Canada, our research will save you time and money while empowering you to make informed, profitable decisions.

The Travel Accommodation in Canada market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Travel Accommodation in Canada?
* What are the major brands in Canada?
* What is the rate of development for chained hotels vs independent hotels?
* How are luxury hotels performing compared to mid-priced and budget hotels?

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