Key Insights
The Canadian hospitality industry, valued at $39.20 billion in 2025, is poised for robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 5.27% from 2025 to 2033. This expansion is fueled by several key drivers. Increased domestic and international tourism, driven by Canada's diverse landscapes and vibrant cities, is a significant factor. The rise of experiential travel, with a focus on unique and memorable experiences, further boosts demand. Furthermore, the growing popularity of eco-tourism and sustainable travel practices presents significant opportunities for hotels and related businesses to cater to environmentally conscious travellers. The industry's segmentation reflects this diverse demand, encompassing budget-friendly options like budget and economy hotels and service apartments, alongside mid-scale, upper mid-scale, and luxury hotels catering to discerning travellers. Major players like Hilton, Marriott, and Hyatt are well-positioned to capitalize on this growth, alongside independent hotels and smaller chains that offer unique local experiences. The industry faces challenges including fluctuations in currency exchange rates, economic downturns, and increasing operating costs. However, strategic investments in technology, sustainable practices, and customer service are expected to mitigate these risks and drive further growth.
Hospitality Industry in Canada Market Size (In Billion)
Regional variations within Canada are expected, with potentially faster growth in Western Canada due to its burgeoning tourism sector and proximity to key international gateways. Eastern Canada, with its established tourism infrastructure, will likely maintain a significant market share. Central Canada will continue to benefit from business travel and its central location. The industry will continue to see the rise of technology-driven innovations, including online booking platforms, personalized guest experiences, and smart hotel technologies. The focus on enhancing customer service and creating unique, memorable experiences will be crucial for success. The competitive landscape will remain dynamic, with established players facing increasing competition from boutique hotels and unique accommodation options catering to niche traveller segments. This sustained growth trajectory forecasts a significantly larger market by 2033, exceeding $60 billion, representing substantial investment and job creation opportunities across Canada.
Hospitality Industry in Canada Company Market Share
Hospitality Industry in Canada: 2019-2033 Market Report
This comprehensive report provides an in-depth analysis of the Canadian hospitality industry, covering the period from 2019 to 2033. It offers invaluable insights for industry professionals, investors, and strategic planners seeking to understand market trends, competitive dynamics, and future growth opportunities. The report leverages extensive data analysis and expert insights to deliver actionable intelligence, focusing on key segments, leading players, and emerging trends. With a base year of 2025 and a forecast period extending to 2033, this report is your essential guide to navigating the complexities of the Canadian hospitality landscape.
Hospitality Industry in Canada Market Structure & Innovation Trends
This section analyzes the structure of the Canadian hospitality market, encompassing market concentration, innovation drivers, regulatory frameworks, product substitutes, end-user demographics, and M&A activities. The Canadian hospitality market is characterized by a mix of large international chains and smaller independent hotels.
- Market Concentration: The market exhibits moderate concentration, with major players like Marriott International Inc, Hilton Worldwide Holdings Inc, and Hyatt Hotels Corporation holding significant market share, but a substantial presence of independent hotels also exists. Precise market share data for 2024 requires further research and analysis. xx% of the market is estimated to be controlled by the top 5 players.
- Innovation Drivers: Technological advancements, such as online booking platforms, revenue management systems, and personalized guest experiences, are major innovation drivers. Sustainability initiatives and the increasing demand for unique experiences are further shaping the market.
- Regulatory Framework: Federal and provincial regulations significantly impact operations, including licensing, taxation, and labor laws. Changes in these regulations can substantially alter the industry landscape.
- Product Substitutes: The rise of alternative accommodations like Airbnb and vacation rentals poses a competitive challenge to traditional hotels.
- End-User Demographics: The Canadian hospitality market caters to a diverse range of demographics, including business travelers, leisure tourists, and event attendees. Understanding these varied segments is crucial for effective targeting.
- M&A Activities: The past five years have witnessed a moderate level of M&A activity, with deal values ranging from xx Million to xx Million. Consolidation is expected to continue as larger chains seek to expand their market presence.
Hospitality Industry in Canada Market Dynamics & Trends
This section delves into the dynamic forces shaping the Canadian hospitality market. It examines market growth drivers, technological disruptions, evolving consumer preferences, and competitive dynamics.
The Canadian hospitality industry is projected to witness a Compound Annual Growth Rate (CAGR) of xx% during the forecast period (2025-2033), driven by several factors. Increased domestic and international tourism, coupled with rising disposable incomes, fuels demand. Technological advancements are transforming the guest experience, leading to higher customer satisfaction and increased market penetration. However, competitive pressures from alternative accommodation providers and the impact of global economic fluctuations remain significant challenges. The market penetration of online booking platforms continues to increase, with approximately xx% of bookings now made online.
Dominant Regions & Segments in Hospitality Industry in Canada
This section identifies the leading regions and segments within the Canadian hospitality market.
Leading Regions: Ontario and British Columbia dominate the market due to their robust tourism sectors and well-established infrastructure. Quebec also represents a significant market segment.
Dominant Segments:
- By Type: Chain hotels currently hold a larger market share than independent hotels, benefiting from brand recognition, economies of scale, and loyalty programs. However, independent hotels are adapting with unique offerings and targeted marketing.
- By Segment: The mid and upper mid-scale hotel segment enjoys strong growth, driven by the rising middle class and increased demand for comfortable and affordable accommodations. The luxury hotel segment also exhibits significant potential, fuelled by high-end tourism and corporate events. The budget and economy hotel segment remains competitive, driven by price-sensitive travelers. Service apartments represent a niche market with steady growth.
Key Drivers (Bullet Points):
- Economic Growth: Strong economic performance stimulates both domestic and international tourism.
- Infrastructure Development: Investments in transportation and tourism infrastructure enhance accessibility.
- Government Policies: Supportive tourism policies and incentives contribute positively to the market.
Hospitality Industry in Canada Product Innovations
Technological advancements have transformed the hospitality landscape in Canada. Mobile check-in/check-out, personalized in-room entertainment, and AI-powered chatbots enhance the guest experience. Smart room technologies optimize energy consumption and enhance sustainability. These innovations create a competitive advantage by attracting tech-savvy travelers and improving operational efficiency. The adoption of contactless services and enhanced hygiene protocols is also key to rebuilding consumer confidence post-pandemic.
Report Scope & Segmentation Analysis
This report comprehensively segments the Canadian hospitality market by type (chain hotels and independent hotels) and by segment (service apartments, budget and economy hotels, mid and upper mid-scale hotels, and luxury hotels). Each segment's growth projections, market size, and competitive dynamics are analyzed. For example, the luxury hotel segment shows the highest projected CAGR of xx%, driven by increasing disposable income among high-net-worth individuals. Conversely, the budget and economy segment is expected to see slower growth due to increased competition. The market size for chain hotels is estimated at xx Million in 2025.
Key Drivers of Hospitality Industry in Canada Growth
Several factors contribute to the growth of the Canadian hospitality industry. Technological advancements enhance efficiency and guest experience, while robust economic growth drives increased tourism. Government support and investment in tourism infrastructure also provide significant impetus. Furthermore, Canada's diverse landscapes and cultural attractions continuously attract a wide range of travelers.
Challenges in the Hospitality Industry in Canada Sector
The industry faces challenges such as labor shortages, increasing operating costs (xx% increase in the last five years), and heightened competition from alternative accommodations. Regulatory compliance adds complexity, and supply chain disruptions can significantly impact profitability. The fluctuating Canadian dollar also affects international tourism spending.
Emerging Opportunities in Hospitality Industry in Canada
Emerging opportunities include the growth of eco-tourism, the increasing demand for unique and personalized experiences, and the expansion of wellness tourism. Technological innovations will also continue to reshape the industry, opening up new avenues for revenue generation and enhanced customer engagement. Focus on sustainable practices, local partnerships, and personalized service will distinguish successful players.
Leading Players in 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
Key Developments in Hospitality Industry in Canada Industry
- July 2023: Wyndham Hotels & Resorts announced the addition of 60 new hotels to its Echo Suites brand, including its first Canadian locations. This expansion signals a significant increase in extended-stay options within the Canadian market.
- January 2024: APA Hotel Canada Inc., a subsidiary of Coast Hotels Limited, opened two new franchise properties in Dawson City, Yukon. This highlights the continued growth of Coast Hotels and expansion into new and potentially less saturated markets.
Future Outlook for Hospitality Industry in Canada Market
The Canadian hospitality industry is poised for sustained growth, driven by continuous technological advancements, increasing tourism, and supportive government policies. Strategic investments in infrastructure, coupled with a focus on sustainable practices and personalized guest experiences, will further enhance the sector's competitiveness and appeal. The market is expected to remain dynamic, with ongoing consolidation and innovation shaping its future landscape.
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