The Hotels and Motels industry has grown slowly over the past five years as it has continued to struggle with the aftermath of the global recession, which severely shocked the industry. Relatively slow economic growth and shaky consumer confidence has restricted the ability of Canadians to take overnight domestic trips. Furthermore, hotels and motels, which rely on international travellers, have continued to battle declining inbound international visitor numbers to Canada. However, there are a number of bright spots within the industry, especially within the luxury and upscale segments where operators are still attracting healthy spending from affluent travellers. The industry is also expected to perform well as consumer spending and confidence improves in the next five years.
This industry provides short-term lodging in facilities known as hotels, motels, motor hotels and resort hotels. These establishments may offer food and beverage services, recreational services, conference rooms and convention services, laundry services, parking and other services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.