B2B drives market demand, with B2B spending representing 52.8% of total demand in 2022. Westmont Hospitality Group Inc is the largest company in Canada, generating 15.3% of the industry’s total turnover value in 2022. The industry is fragmented, with the top five companies generating 24.0% of total production value in 2022. The total number of companies increases in 2022, to 21,646 units. The costs of the industry increase by 12.4% in 2022, largely driven by rising labour costs. The industry’s profitability increases and stands at 11.5% of turnover in 2022, the 20th highest across the top 20 developed countries. With turnover of USD18.2 billion, Canada accounts for 6.5% of the North America total in 2022.
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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
This is the aggregation of hotels and camping sites and restaurants, bars and canteens.See All of Our Definitions
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