Government support will play a vital role in offsetting the pandemic’s devastating impact on lodging. According to trade reports, hoteliers are emphasising that to break even they need 30-35% occupancy for limited and select-service formats, and 40-45% for full-service formats.
Employment in food and hospitality is 17.6% lower in 2022 than it was prior to the pandemic, as many workers moved on to other opportunities during forced closures after being laid off or quitting.
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Understand the latest market trends and future growth opportunities for the Lodging (Destination) industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Lodging (Destination) industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Lodging (Destination) covers the main types of lodging used by inbound and domestic tourists, providing a destination point of view (also known as point of supply). Lodging value is measured in terms of the price paid for lodging by the consumer and businesses based on total room sales. It does not include food and drinks or any other form of revenue that is not directly related to lodging, such as events and conferences and guest services, such as gym, spa, shop, room service, restaurant and café. Lodging volume is measured in terms of number of outlets and rooms at year end, and room nights as total of the full year.See All of Our Definitions
This report originates from Passport, our Lodging (Destination) research and analysis database.
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