Canada Travel Accommodation Market By Type (Hotels, Hostels, Resorts, Vacation Rentals, Others), By Application (Leisure, Professional, Others), By Price Point (Economy, Mid-Range, Luxury), By Mode of Booking (Online Travel Agency, Direct Booking, Others): Opportunity Analysis and Industry Forecast, 2022-2031
The growing volume of overseas travelers visiting Canada, alongside the country's diversified beauty, rich historical past & famous monuments, and vibrant cities, have made it an enticing location for vacationers from across continents. This inflow of travelers has increased the need for lodging choices such as hotels, resorts, motels, Airbnb, and lodges. Moreover, today's travelers seek distinctive and engaging experiences, and the hospitality business is adapting to match these expectations. To improve the travel experience, hoteliers are providing novel services and amenities such as personalized concierge assistance, green initiatives, healthcare facilities, and tailored local experiences. These shifts have provided possibilities for incumbent firms and new market entrants to respond to shifting traveler tastes and provide unique experiences.
Furthermore, technological improvements are having an influence on the travel accommodation market in Canada. Travelers can seek and book hotels more easily owing to the growing use of Internet booking platforms and smartphone applications. This has boosted the exposure and availability of smaller lodging providers, allowing businesses to compete with bigger companies. Furthermore, some lodging providers are utilizing emerging technologies such as virtual reality and augmented reality to deliver simulated tours and thrilling experiences, offering potential visitors a taste of what to anticipate.
The Canada Travel Accommodation market is segmented into type, application, price point, mode of booking and region. The type segment comprises hotel, hostel, resort, vacation rental, and others. The applications covered in the study include leisure, professional, and others. On the basis of price point, the market is categorized into economy, mid-range, and luxury. Depending on mode of booking, it is segregated into online travel agency, hotel website, and others.
The major players in the travel accommodation industry that have been analyzed in this report include AirBnB, Expedia, Trip Advisor, VRBO, Hotels.com, Choice Hotels, Canadian Tourism Commission, Tourism Vancouver, Tourism Toronto, Travel Alberta.
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Analyze the key strategies adopted by major market players in Canada travel accommodation market.
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Top Player positioning provides a clear understanding of the present position of market players.
Detailed analysis of the Canada travel accommodation market segmentation assists to determine the prevailing market opportunities.
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Brands Share Analysis
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Key Market SegmentsBy TypeHotels
Hostels
Resorts
Vacation Rentals
Others
By ApplicationLeisure
Professional
Others
By Price PointEconomy
Mid-Range
Luxury
By Mode of BookingOnline Travel Agency
Direct Booking
Others
Key Market PlayersAirBnB
Expedia
Trip Advisor
VRBO
Hotels.com
Choice Hotels
Canadian Tourism Commission
Tourism Vancouver
Tourism Toronto
Travel Alberta
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