Hospitality Industry in Canada - Growth, Trends, and Forecasts (2020 - 2025)

Hospitality Industry in Canada - Growth, Trends, and Forecasts (2020 - 2025)

The hospitality industry in Canada is registering growing numbers yearonyear. The key performance indicators revealed that the country is showing a slow yet steady growth. The overall occupancy rate (OR) hit 66% in 2018, which was the country’s highest. The rising occupancy rate resulted in the highest revenue per available room (RevPAR) at CAD 107, which was registered at CAD 102 in 2017. Moreover, the average daily rate (ADR) increased substantially between 2012 to 2018. These growing numbers are attracting investors. The hospitality industry in Canada is dynamic, and it is a combination of independent hotels and domestic and international brand hotels and their chains. The independent hotels account for more than 45% of the total room/keys supply and brand hotels. The region is largely dominated by international brands. There are more than 2,500 branded hotels in the country, of which the domestic Canadian brand hotels and international brands constitute approximately 15% of the total inventory and 85%, respectively.

Key Market Trends

The Mid and Upper Midscale Hotels Segment is Dominating the Branded Hotel Supply in Canada

Out of more than 2,500 branded hotels that are spread across Canada, Canadian branded hotels focus more on the mid and upper midscale segment by offering around 75% into this segment. The budget and economy segment and luxury hotels, including boutique and lifestyle brand hotels, constitute similar market shares in Canada. The budget and economy hotels account for around 18% of the total supply, whereas the luxury hotels, including lifestyle and boutique hotels, account for around 7% of the inventory.

The Capital Province is Continuing to Attract More Establishments

Ontario has the highest number of hotels and a high supply of rooms/keys than any other region in the country followed by British Columbia, Alberta, and Quebec. These four provinces together represent approximately 76% of branded hotels and around 81% of the total branded rooms in the country. Quebec accounts for around onefifth of the total branded hotel inventory in Canada.

Competitive Landscape

The hospitality industry in Canada is a combination of independent hotels and branded hotels. The international brands are occupying a major share of the market. Wyndham Worldwide has the highest number of hotel properties in the country, and it offers a large portfolio of its chain brands. Moreover, the Choice Hotels Canada and Best Western International offer diversified portfolios in the country. Coast Hotels occupy the highest market share in the Canadian brand segment.

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1 INTRODUCTION
1.1 Study Deliverables
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Impact of COVID-19 on the Hospitality Industry
4.4 Insights on Revenue Flows from Accommodation and the Food and Beverage Sectors
4.5 Leading Cities in Canada, with Respect to Number of Visitors
4.6 Investments (Real Estate, FDI, and others) in the Hospitality Industry
4.7 Technological Innovations in the Hospitality Industry
4.8 Insights on Shared Living Spaces Impact on the Hospitality Industry
4.9 Insights on Other Economic Contributors to the Hospitality Industry
4.10 Value Chain Analysis
4.11 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Chain Hotels
5.1.2 Independent Hotels
5.2 By Segment
5.2.1 Service Apartments
5.2.2 Budget and Economy Hotels
5.2.3 Mid and Upper Mid-scale Hotels
5.2.4 Luxury Hotels
6 COMPETITVE INTELLIGENCE
6.1 Market Concentration
6.2 Company Profiles
6.2.1 Coast Hotels Limited
6.2.2 The Sandman Group
6.2.3 Marriott International Inc.
6.2.4 Intercontinental Hotels Group
6.2.5 Wyndham Hotel Group LLC
6.2.6 Hilton Worldwide Holdings Inc.
6.2.7 Best Western International Inc.
6.2.8 Accor SA
6.2.9 Hyatt Hotels Corporation
6.2.10 Choice Hotels International Inc.
6.3 Loyalty Programs Offered by Major Hotel Brands
7 INVESTMENT ANALYSIS
8 FUTURE OUTLOOK OF THE SECTOR
9 APPENDIX

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