Key Insights
The Canadian hospitality industry, valued at $39.20 billion in 2025, is projected to experience robust growth, with a Compound Annual Growth Rate (CAGR) of 5.27% from 2025 to 2033. This expansion is driven by several key factors. Increased domestic and international tourism, fueled by Canada's diverse landscapes and growing reputation as a desirable travel destination, is a significant contributor. Furthermore, the rise of experiential travel and the increasing demand for unique accommodations, such as service apartments and boutique hotels, are reshaping the market landscape. The growing middle class and rising disposable incomes within Canada also contribute to increased spending on leisure and hospitality services. While the industry faces challenges such as fluctuating currency exchange rates and potential economic downturns, the long-term outlook remains positive, particularly within segments like budget and mid-scale hotels catering to price-conscious travelers and the luxury sector catering to high-spending clientele. Strategic investments in infrastructure, technological advancements enhancing guest experience, and a focus on sustainability are expected to further propel market growth. Competition is fierce, with both international chains and independent hotels vying for market share, particularly within established tourist hubs like Eastern and Western Canada. Regional variations in growth are expected, reflecting differing tourism patterns and economic conditions across the country.
Hospitality Industry in Canada Market Size (In Billion)
The segmentation of the Canadian hospitality market reveals specific opportunities and challenges. The chain hotel segment, dominated by major players such as Marriott, Hilton, and Hyatt, benefits from brand recognition and established distribution networks. However, independent hotels are increasingly emphasizing unique experiences and personalized services to compete effectively. The budget and economy hotel segments are particularly sensitive to economic fluctuations, while the luxury hotel sector tends to be more resilient. Service apartments cater to extended-stay travelers and business clientele, representing a growing niche within the overall market. Successfully navigating these diverse segments will require a tailored approach, leveraging data analytics, targeted marketing, and efficient operations to maximize profitability and market share. Understanding evolving consumer preferences and adapting to technological advancements will be crucial for long-term success within the dynamic Canadian hospitality landscape.
Hospitality Industry in Canada Company Market Share
Hospitality Industry in Canada: Market Report 2019-2033
This comprehensive report provides an in-depth analysis of the Canadian hospitality industry, covering market dynamics, growth trends, key players, and future outlook from 2019 to 2033. With a focus on both parent and child market segments, this report is an essential resource for industry professionals, investors, and strategists seeking to understand and capitalize on opportunities within this dynamic sector. The base year for this report is 2025, with estimations for 2025 and forecasts extending to 2033. The historical period analyzed is 2019-2024.
Hospitality Industry in Canada Market Dynamics & Structure
The Canadian hospitality market, valued at xx million in 2024, displays a moderately concentrated structure with major players like Marriott International Inc, Hyatt Hotels Corporation, and Hilton Worldwide Holdings Inc holding significant market share. However, a substantial portion of the market comprises independent hotels, creating a diverse landscape. Technological advancements like online booking platforms and revenue management systems are driving efficiency and innovation. Stringent regulatory frameworks, including health and safety standards, influence operational costs and practices. The market faces competition from alternative accommodations like Airbnb, impacting occupancy rates, particularly in the budget and economy segments. End-user demographics show a growing preference for experiential travel and sustainable practices, shaping hotel offerings and marketing strategies. M&A activity remains moderate, with xx deals recorded in the 2019-2024 period, primarily focused on expansion and brand consolidation.
- Market Concentration: Moderately concentrated, with top players holding approximately xx% market share.
- Technological Innovation: Adoption of online booking platforms, revenue management systems, and mobile check-in/out technologies driving efficiency.
- Regulatory Framework: Strict health and safety regulations impacting operational costs and compliance.
- Competitive Substitutes: Airbnb and other alternative accommodations impacting occupancy rates, especially in budget segments.
- End-User Demographics: Shifting preferences towards experiential travel and sustainable tourism influencing hotel services and marketing.
- M&A Trends: Moderate activity (xx deals 2019-2024), focused on expansion and brand consolidation.
Hospitality Industry in Canada Growth Trends & Insights
The Canadian hospitality market is projected to experience a CAGR of xx% from 2025 to 2033, reaching a value of xx million by 2033. This growth is driven by factors including increased domestic and international tourism, rising disposable incomes, and the continued expansion of the leisure and business travel sectors. The market demonstrates strong adoption rates of technology, particularly in online booking and customer relationship management (CRM). Technological disruptions, such as the rise of sharing economy platforms, have influenced pricing strategies and service offerings. Consumer behavior shifts towards personalized experiences and sustainable travel choices are prompting hotels to adapt their offerings and enhance their sustainability initiatives.
Dominant Regions, Countries, or Segments in Hospitality Industry in Canada
Ontario and British Columbia remain dominant regions, driven by strong tourism and business travel activity. Within segments, chain hotels command a larger market share compared to independent hotels, particularly in urban areas. The mid and upper-mid-scale hotel segment exhibits the highest growth potential, fueled by rising disposable incomes and a growing preference for comfortable and affordable accommodations. The luxury hotel segment also shows promising growth driven by high-spending tourists and business travelers. Service apartments are a growing niche, catering to extended-stay guests and offering a home-like environment. Budget and economy hotels cater to price-sensitive travelers, experiencing moderate growth aligned with overall economic trends.
- Key Drivers: Strong tourism, robust economic conditions, and rising disposable incomes.
- Dominance Factors: High tourist footfall, major business hubs, and strong infrastructure.
- Growth Potential: Mid and upper-mid-scale hotels show highest growth potential.
Hospitality Industry in Canada Product Landscape
Hotel offerings are diversifying, incorporating innovative technologies such as smart room controls, personalized in-room entertainment, and advanced booking systems. The focus is shifting towards enhanced guest experiences through personalized services, curated amenities, and unique experiences tailored to various traveler profiles. Performance metrics, including occupancy rates, average daily rate (ADR), and revenue per available room (RevPAR), are used to assess operational efficiency and profitability. Unique selling propositions include eco-friendly practices, advanced technology integration, and memorable guest experiences that differentiate properties in a competitive market.
Key Drivers, Barriers & Challenges in Hospitality Industry in Canada
Key Drivers: Increased tourism, rising disposable incomes, government initiatives promoting tourism, technological advancements enhancing operational efficiency and guest experience.
Challenges: Supply chain disruptions resulting in increased costs (estimated impact of xx million in 2024), competition from alternative accommodations (e.g., Airbnb), labor shortages impacting operational efficiency and service quality, and fluctuating exchange rates affecting international tourism.
Emerging Opportunities in Hospitality Industry in Canada
Opportunities include expansion into niche segments like wellness tourism and sustainable travel, growth of service apartments and boutique hotels catering to unique traveller preferences, and increased use of technology in personalized services and guest experience enhancement. Untapped markets in smaller cities and rural areas represent potential for expansion, focusing on local experiences and eco-tourism.
Growth Accelerators in the Hospitality Industry in Canada Industry
Strategic partnerships, such as collaborations with tourism boards and local businesses, enhance visibility and attract diverse customer segments. Technological breakthroughs in areas such as AI-driven customer service and personalized recommendations offer opportunities for enhancing guest experience and operational efficiency. Market expansion strategies, like the development of eco-friendly properties or niche hotels, cater to evolving consumer preferences.
Key Players Shaping the Hospitality Industry in Canada Market
- Hilton Worldwide Holdings Inc
- Hyatt Hotels Corporation
- Best Western International Inc
- Choice Hotels International Inc
- Coast Hotels Limited
- Marriott International Inc
- Wyndham Hotel Group LLC
- Intercontinental Hotels Group
- The Sandman Group
- Accor SA
Notable Milestones in Hospitality Industry in Canada Sector
- July 2023: Wyndham Hotels & Resorts announced the addition of 60 new hotels to its Echo Suites brand, including its first Canadian locations.
- January 2024: Coast Hotels opened two new franchise properties (Eldorado and Midnight Sun) in Dawson City, Yukon.
In-Depth Hospitality Industry in Canada Market Outlook
The Canadian hospitality market is poised for continued growth, driven by technological advancements, increasing tourism, and a focus on sustainable and experiential travel. Strategic investments in infrastructure and technological innovations, coupled with targeted marketing strategies, are expected to unlock new market opportunities and drive further expansion in the coming years. The market’s resilience and adaptability to evolving consumer preferences will be key factors in its future success.
Hospitality Industry in Canada Segmentation
-
1. Type
- 1.1. Chain Hotels
- 1.2. Independent Hotels
-
2. Segment
- 2.1. Service Apartments
- 2.2. Budget and Economy Hotels
- 2.3. Mid and Upper Mid-scale Hotels
- 2.4. Luxury Hotels
Hospitality Industry in Canada Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Mexico
-
2. South America
- 2.1. Brazil
- 2.2. Argentina
- 2.3. Rest of South America
-
3. Europe
- 3.1. United Kingdom
- 3.2. Germany
- 3.3. France
- 3.4. Italy
- 3.5. Spain
- 3.6. Russia
- 3.7. Benelux
- 3.8. Nordics
- 3.9. Rest of Europe
-
4. Middle East & Africa
- 4.1. Turkey
- 4.2. Israel
- 4.3. GCC
- 4.4. North Africa
- 4.5. South Africa
- 4.6. Rest of Middle East & Africa
-
5. Asia Pacific
- 5.1. China
- 5.2. India
- 5.3. Japan
- 5.4. South Korea
- 5.5. ASEAN
- 5.6. Oceania
- 5.7. Rest of Asia Pacific
Hospitality Industry in Canada Regional Market Share
Geographic Coverage of Hospitality Industry in Canada
Hospitality Industry in Canada REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 5.27% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Rising Awareness among Hotels & Resorts to Implement Eco-Friendly Measures; Rising Mobile Reservations & Contactless Check-In/Out
- 3.3. Market Restrains
- 3.3.1. Lack of Skilled Labour; Reputation Management is One of the Most Important Tasks in the Hospitality industry
- 3.4. Market Trends
- 3.4.1. The Increase in Tourist Arrivals and Hotel Occupancy also Results in an Increase in Spending
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Hospitality Industry in Canada Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Chain Hotels
- 5.1.2. Independent Hotels
- 5.2. Market Analysis, Insights and Forecast - by Segment
- 5.2.1. Service Apartments
- 5.2.2. Budget and Economy Hotels
- 5.2.3. Mid and Upper Mid-scale Hotels
- 5.2.4. Luxury Hotels
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. South America
- 5.3.3. Europe
- 5.3.4. Middle East & Africa
- 5.3.5. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. North America Hospitality Industry in Canada Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. Chain Hotels
- 6.1.2. Independent Hotels
- 6.2. Market Analysis, Insights and Forecast - by Segment
- 6.2.1. Service Apartments
- 6.2.2. Budget and Economy Hotels
- 6.2.3. Mid and Upper Mid-scale Hotels
- 6.2.4. Luxury Hotels
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. South America Hospitality Industry in Canada Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. Chain Hotels
- 7.1.2. Independent Hotels
- 7.2. Market Analysis, Insights and Forecast - by Segment
- 7.2.1. Service Apartments
- 7.2.2. Budget and Economy Hotels
- 7.2.3. Mid and Upper Mid-scale Hotels
- 7.2.4. Luxury Hotels
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. Europe Hospitality Industry in Canada Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. Chain Hotels
- 8.1.2. Independent Hotels
- 8.2. Market Analysis, Insights and Forecast - by Segment
- 8.2.1. Service Apartments
- 8.2.2. Budget and Economy Hotels
- 8.2.3. Mid and Upper Mid-scale Hotels
- 8.2.4. Luxury Hotels
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. Middle East & Africa Hospitality Industry in Canada Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. Chain Hotels
- 9.1.2. Independent Hotels
- 9.2. Market Analysis, Insights and Forecast - by Segment
- 9.2.1. Service Apartments
- 9.2.2. Budget and Economy Hotels
- 9.2.3. Mid and Upper Mid-scale Hotels
- 9.2.4. Luxury Hotels
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. Asia Pacific Hospitality Industry in Canada Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Type
- 10.1.1. Chain Hotels
- 10.1.2. Independent Hotels
- 10.2. Market Analysis, Insights and Forecast - by Segment
- 10.2.1. Service Apartments
- 10.2.2. Budget and Economy Hotels
- 10.2.3. Mid and Upper Mid-scale Hotels
- 10.2.4. Luxury Hotels
- 10.1. Market Analysis, Insights and Forecast - by Type
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 Hilton Worldwide Holdings Inc
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Hyatt Hotels Corporation
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Best Western International Inc
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Choice Hotels International Inc
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Coast Hotels Limited
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Mariott International Inc
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Wyndham Hotel Group LLC
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Intercontinental Hotels Group
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 The Sandman Group**List Not Exhaustive
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Accor SA
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 Hilton Worldwide Holdings Inc
List of Figures
- Figure 1: Global Hospitality Industry in Canada Revenue Breakdown (Million, %) by Region 2025 & 2033
- Figure 2: North America Hospitality Industry in Canada Revenue (Million), by Type 2025 & 2033
- Figure 3: North America Hospitality Industry in Canada Revenue Share (%), by Type 2025 & 2033
- Figure 4: North America Hospitality Industry in Canada Revenue (Million), by Segment 2025 & 2033
- Figure 5: North America Hospitality Industry in Canada Revenue Share (%), by Segment 2025 & 2033
- Figure 6: North America Hospitality Industry in Canada Revenue (Million), by Country 2025 & 2033
- Figure 7: North America Hospitality Industry in Canada Revenue Share (%), by Country 2025 & 2033
- Figure 8: South America Hospitality Industry in Canada Revenue (Million), by Type 2025 & 2033
- Figure 9: South America Hospitality Industry in Canada Revenue Share (%), by Type 2025 & 2033
- Figure 10: South America Hospitality Industry in Canada Revenue (Million), by Segment 2025 & 2033
- Figure 11: South America Hospitality Industry in Canada Revenue Share (%), by Segment 2025 & 2033
- Figure 12: South America Hospitality Industry in Canada Revenue (Million), by Country 2025 & 2033
- Figure 13: South America Hospitality Industry in Canada Revenue Share (%), by Country 2025 & 2033
- Figure 14: Europe Hospitality Industry in Canada Revenue (Million), by Type 2025 & 2033
- Figure 15: Europe Hospitality Industry in Canada Revenue Share (%), by Type 2025 & 2033
- Figure 16: Europe Hospitality Industry in Canada Revenue (Million), by Segment 2025 & 2033
- Figure 17: Europe Hospitality Industry in Canada Revenue Share (%), by Segment 2025 & 2033
- Figure 18: Europe Hospitality Industry in Canada Revenue (Million), by Country 2025 & 2033
- Figure 19: Europe Hospitality Industry in Canada Revenue Share (%), by Country 2025 & 2033
- Figure 20: Middle East & Africa Hospitality Industry in Canada Revenue (Million), by Type 2025 & 2033
- Figure 21: Middle East & Africa Hospitality Industry in Canada Revenue Share (%), by Type 2025 & 2033
- Figure 22: Middle East & Africa Hospitality Industry in Canada Revenue (Million), by Segment 2025 & 2033
- Figure 23: Middle East & Africa Hospitality Industry in Canada Revenue Share (%), by Segment 2025 & 2033
- Figure 24: Middle East & Africa Hospitality Industry in Canada Revenue (Million), by Country 2025 & 2033
- Figure 25: Middle East & Africa Hospitality Industry in Canada Revenue Share (%), by Country 2025 & 2033
- Figure 26: Asia Pacific Hospitality Industry in Canada Revenue (Million), by Type 2025 & 2033
- Figure 27: Asia Pacific Hospitality Industry in Canada Revenue Share (%), by Type 2025 & 2033
- Figure 28: Asia Pacific Hospitality Industry in Canada Revenue (Million), by Segment 2025 & 2033
- Figure 29: Asia Pacific Hospitality Industry in Canada Revenue Share (%), by Segment 2025 & 2033
- Figure 30: Asia Pacific Hospitality Industry in Canada Revenue (Million), by Country 2025 & 2033
- Figure 31: Asia Pacific Hospitality Industry in Canada Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Hospitality Industry in Canada Revenue Million Forecast, by Type 2020 & 2033
- Table 2: Global Hospitality Industry in Canada Revenue Million Forecast, by Segment 2020 & 2033
- Table 3: Global Hospitality Industry in Canada Revenue Million Forecast, by Region 2020 & 2033
- Table 4: Global Hospitality Industry in Canada Revenue Million Forecast, by Type 2020 & 2033
- Table 5: Global Hospitality Industry in Canada Revenue Million Forecast, by Segment 2020 & 2033
- Table 6: Global Hospitality Industry in Canada Revenue Million Forecast, by Country 2020 & 2033
- Table 7: United States Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 8: Canada Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 9: Mexico Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 10: Global Hospitality Industry in Canada Revenue Million Forecast, by Type 2020 & 2033
- Table 11: Global Hospitality Industry in Canada Revenue Million Forecast, by Segment 2020 & 2033
- Table 12: Global Hospitality Industry in Canada Revenue Million Forecast, by Country 2020 & 2033
- Table 13: Brazil Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 14: Argentina Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 15: Rest of South America Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 16: Global Hospitality Industry in Canada Revenue Million Forecast, by Type 2020 & 2033
- Table 17: Global Hospitality Industry in Canada Revenue Million Forecast, by Segment 2020 & 2033
- Table 18: Global Hospitality Industry in Canada Revenue Million Forecast, by Country 2020 & 2033
- Table 19: United Kingdom Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 20: Germany Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 21: France Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 22: Italy Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 23: Spain Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 24: Russia Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 25: Benelux Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 26: Nordics Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 27: Rest of Europe Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 28: Global Hospitality Industry in Canada Revenue Million Forecast, by Type 2020 & 2033
- Table 29: Global Hospitality Industry in Canada Revenue Million Forecast, by Segment 2020 & 2033
- Table 30: Global Hospitality Industry in Canada Revenue Million Forecast, by Country 2020 & 2033
- Table 31: Turkey Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 32: Israel Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 33: GCC Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 34: North Africa Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 35: South Africa Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 36: Rest of Middle East & Africa Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 37: Global Hospitality Industry in Canada Revenue Million Forecast, by Type 2020 & 2033
- Table 38: Global Hospitality Industry in Canada Revenue Million Forecast, by Segment 2020 & 2033
- Table 39: Global Hospitality Industry in Canada Revenue Million Forecast, by Country 2020 & 2033
- Table 40: China Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 41: India Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 42: Japan Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 43: South Korea Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 44: ASEAN Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 45: Oceania Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
- Table 46: Rest of Asia Pacific Hospitality Industry in Canada Revenue (Million) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Hospitality Industry in Canada?
The projected CAGR is approximately 5.27%.
2. Which companies are prominent players in the Hospitality Industry in Canada?
Key companies in the market include Hilton Worldwide Holdings Inc, Hyatt Hotels Corporation, Best Western International Inc, Choice Hotels International Inc, Coast Hotels Limited, Mariott International Inc, Wyndham Hotel Group LLC, Intercontinental Hotels Group, The Sandman Group**List Not Exhaustive, Accor SA.
3. What are the main segments of the Hospitality Industry in Canada?
The market segments include Type, Segment.
4. Can you provide details about the market size?
The market size is estimated to be USD 39.20 Million as of 2022.
5. What are some drivers contributing to market growth?
Rising Awareness among Hotels & Resorts to Implement Eco-Friendly Measures; Rising Mobile Reservations & Contactless Check-In/Out.
6. What are the notable trends driving market growth?
The Increase in Tourist Arrivals and Hotel Occupancy also Results in an Increase in Spending.
7. Are there any restraints impacting market growth?
Lack of Skilled Labour; Reputation Management is One of the Most Important Tasks in the Hospitality industry.
8. Can you provide examples of recent developments in the market?
January 2024 - APA Hotel Canada Inc., a wholly owned subsidiary of Coast Hotels Limited, is one of the fastest-growing hotel brands in North America and one of the largest hotel brands in Canada. Coast Hotels announced the opening of two brand new franchise properties, Eldorado (a Coast Hotel) and Midnight Sun (a Coast Hotel), in the historic and vibrant downtown area of Dawson City, Yukon, Canada.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Hospitality Industry in Canada," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Hospitality Industry in Canada report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Hospitality Industry in Canada?
To stay informed about further developments, trends, and reports in the Hospitality Industry in Canada, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence