B2B drives market demand, with B2B spending representing 55.2% of total demand in 2020. Fairmont Hotels & Resorts Inc is the largest company in Canada, generating 5.6% of the industry’s total turnover in 2020. The industry is fragmented, with the top five companies generating 20.1% of total turnover in 2020. The total number of companies decreases in 2020, to 24,222 units. The costs of the industry decrease by 9.7% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 10.7% of turnover in 2020, the 20th highest across the top 20 developed countries. With turnover of USD17.2 billion, Canada accounts for 7.0% of the North America total in 2020.
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This Euromonitor industrial report provides unique information on Hotels and Camping Sites in Canada: ISIC 551. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Hotels and Camping Sites in Canada: ISIC 551 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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