Hotels & Motels in Canada
SummaryHotels & Motels in Canada industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The hotels & motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry is detailed in both value and volume terms.
- The Canadian hotels and motels industry had total revenues of $4.0bn in 2020, representing a compound annual rate of change (CARC) of -33.6% between 2016 and 2020.
- The number of establishments declined with a CARC of -0.4% between 2016 and 2020, to reach a total of 8,705.0 in 2020.
- The number of international arrivals has continued to grow, aided by connectivity and increased global exposure, reaching 22.2 million in 2019. Both its cultural and natural attributes are its primary pull factors, which has driven demand in the hotels and motels industry.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the hotels & motels market in Canada
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in Canada
- Leading company profiles reveal details of key hotels & motels market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Canada hotels & motels market with five year forecasts by both value and volume
Reasons To Buy
- What was the size of the Canada hotels & motels market by value in 2020?
- What will be the size of the Canada hotels & motels market in 2025?
- What factors are affecting the strength of competition in the Canada hotels & motels market?
- How has the market performed over the last five years?
- Who are the top competitiors in Canada's hotels & motels market?
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