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 natural landscapes and vibrant cities, is a significant contributor. Furthermore, the rise of experiential travel and the growing popularity of eco-tourism are shaping demand. The industry is witnessing a diversification of offerings, with a notable increase in the number of boutique hotels, service apartments catering to extended-stay travelers, and budget-friendly options targeting price-conscious consumers. Technological advancements, including online booking platforms and sophisticated revenue management systems, are enhancing operational efficiency and customer experience. However, challenges remain, including labor shortages, rising operating costs (particularly energy prices), and the potential impact of economic downturns on travel spending. Competition among established chains like Hilton, Marriott, and Hyatt, alongside independent hotels and emerging brands, is intensifying. The market segmentation by hotel type (chain vs. independent) and service level (budget, mid-scale, luxury) reflects this dynamic landscape and allows for targeted investment and marketing strategies. Regional variations exist within Canada, with potential differences in growth rates based on factors such as tourism seasonality and economic development across Eastern, Western, and Central Canada.
Hospitality Industry in Canada Market Size (In Billion)
The forecast period of 2025-2033 suggests continued positive growth, although the rate may fluctuate year to year depending on macroeconomic conditions and global events. Strategies for success within the industry include investing in sustainable practices to appeal to environmentally conscious travelers, leveraging technology to streamline operations, and focusing on exceptional customer service to build brand loyalty. The competitive landscape necessitates a clear understanding of target demographics and offering differentiated services to stand out. Analyzing regional tourism trends and adapting to shifting consumer preferences will be crucial for maximizing profitability and market share in the years to come.
Hospitality Industry in Canada Company Market Share
Comprehensive Report: Canada's Hospitality Industry 2019-2033
This in-depth report provides a comprehensive analysis of the Canadian hospitality industry, covering the period 2019-2033, with a focus on market structure, competitive dynamics, growth drivers, and future outlook. The report leverages extensive data and expert insights to offer actionable intelligence for investors, industry professionals, and strategic decision-makers. The base year for this analysis is 2025, with projections extending to 2033. This report covers major players like 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, and Accor SA. The total market size is estimated at XX Million in 2025, expected to grow at a CAGR of XX% during the forecast period.
Hospitality Industry in Canada Market Structure & Competitive Dynamics
The Canadian hospitality industry exhibits a moderately concentrated market structure, with both large international chains and smaller independent hotels operating across various segments. Market share is distributed among major players, such as Marriott, Hilton, and Wyndham, while independent hotels collectively hold a significant portion. The industry's innovative ecosystem is driven by technological advancements in areas like online booking platforms, revenue management systems, and customer relationship management (CRM). Regulatory frameworks, including licensing, zoning, and labor laws, influence operational costs and business strategies. Product substitutes include vacation rentals (Airbnb), and the rise of experiential travel is shaping end-user trends. Recent M&A activities show a trend towards consolidation and expansion. While specific M&A deal values are confidential for many transactions, the average deal size for the historical period (2019-2024) was approximately XX Million.
- Market Concentration: Moderately concentrated, with significant presence of international chains and independent hotels.
- Innovation Ecosystem: Driven by technological advancements in booking, revenue management, and CRM.
- Regulatory Framework: Influences operational costs and strategies through licensing, zoning, and labor laws.
- Product Substitutes: Airbnb and other vacation rentals.
- End-User Trends: Increasing demand for experiential travel and personalized services.
- M&A Activities: Show a tendency toward consolidation and expansion with an average deal size of approximately XX Million (2019-2024).
Hospitality Industry in Canada Industry Trends & Insights
The Canadian hospitality industry is experiencing significant transformation driven by several key factors. Market growth is fueled by increasing tourism, rising disposable incomes, and a growing preference for travel experiences. Technological disruptions, such as the rise of online travel agencies (OTAs) and mobile booking platforms, are reshaping distribution channels and customer expectations. Consumer preferences are shifting toward personalized experiences, sustainable practices, and value for money accommodations. Competitive dynamics are intensifying with the entry of new players and the expansion of existing brands, leading to increased competition on price, service, and amenities. Market penetration of online booking platforms is consistently growing, exceeding XX% in 2024 and projected to reach XX% by 2033. The overall market CAGR for the period 2025-2033 is estimated at XX%.
Dominant Markets & Segments in Hospitality Industry in Canada
The Canadian hospitality market is geographically diverse, with major metropolitan areas like Toronto, Vancouver, and Montreal exhibiting the highest concentration of hotels and highest occupancy rates. The largest segment by type is Chain Hotels, driven by economies of scale and brand recognition. However, the Independent Hotels segment displays resilience, particularly in smaller towns and unique locations.
- By Type:
- Chain Hotels: Dominated by international and national brands, offering standardized services and benefits. Key drivers include brand recognition, loyalty programs, and economies of scale.
- Independent Hotels: Focus on unique experiences and personalized service, catering to specific niches. Key drivers include local charm, personalized service, and unique offerings.
- By Segment:
- Luxury Hotels: High-end accommodations catering to discerning travelers; driven by high disposable incomes and rising demand for premium services.
- Mid and Upper Mid-scale Hotels: The largest segment, offering a balance between price and quality; influenced by economic stability and a wide range of travelers.
- Budget and Economy Hotels: Cost-conscious travelers are the main target demographic; economic factors and price-sensitivity drive growth.
- Service Apartments: Increasing in popularity for longer stays, catering to business travelers and families. Key drivers include convenience and affordability compared to traditional hotels.
Growth in all segments is influenced by economic factors, tourism trends, and infrastructure development.
Hospitality Industry in Canada Product Innovations
Recent innovations focus on enhancing guest experience through technology. This includes personalized services delivered via mobile apps, contactless check-in/check-out, smart room technology, and AI-powered chatbots for customer service. These technological advancements offer increased operational efficiency and improve customer satisfaction, providing a competitive advantage in the market.
Report Segmentation & Scope
This report segments the Canadian hospitality market by hotel type (Chain Hotels and Independent Hotels) and by hotel segment (Luxury Hotels, Mid and Upper Mid-scale Hotels, Budget and Economy Hotels, and Service Apartments). Growth projections and market size estimations are provided for each segment, along with an analysis of the competitive dynamics within each. Market size projections for each segment are available upon request.
Key Drivers of Hospitality Industry in Canada Growth
Growth in the Canadian hospitality sector is driven by several factors: A robust tourism industry, fueled by increasing international and domestic travel; rising disposable incomes and a growing middle class; government initiatives promoting tourism and infrastructure development; and the increasing popularity of experiential travel. Technological advancements also contribute to operational efficiency and enhance the customer experience.
Challenges in the Hospitality Industry in Canada Sector
The Canadian hospitality industry faces challenges such as fluctuations in currency exchange rates impacting tourism; seasonal variations in demand; labor shortages in certain regions; and increasing operational costs due to rising energy prices and regulatory requirements. These factors can impact profitability and sustainable growth. For example, labor shortages have increased labor costs by an estimated XX% in the last year.
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
- Mariott International Inc
- Wyndham Hotel Group LLC
- Intercontinental Hotels Group
- The Sandman Group
- Accor SA
Key Developments 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. This expansion signifies a significant entry into the Canadian extended-stay market.
- January 2024: Coast Hotels opened two new franchise properties, Eldorado and Midnight Sun, in Dawson City, Yukon. This expansion highlights the growth of the Coast Hotels brand in Canada and targets the growing interest in unique travel destinations.
Strategic Hospitality Industry in Canada Market Outlook
The Canadian hospitality industry is poised for continued growth, driven by increasing tourism, economic development, and technological advancements. Strategic opportunities exist for companies focusing on sustainable practices, personalized experiences, and technological innovation. The market presents potential for expansion in underserved regions and opportunities for M&A activity as consolidation continues within the sector.
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