Canada Hotels and Motels Market Summary, Competitive Analysis and Forecast to 2026

Canada Hotels and Motels Market Summary, Competitive Analysis and Forecast to 2026

Summary

Hotels & Motels in Canada industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key HighlightsThe hotels & motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry is detailed in both value and volume terms.The Canadian hotels & motels industry had total revenues of $12.5 billion in 2021, representing a negative compound annual rate of change (CARC) of 11.9% between 2016 and 2021.Industry consumption volume increased with a compound annual growth rate (CAGR) of 0.1% between 2016 and 2021, to reach a total of 8,893 establishments in 2021.Canada is witnessing continuous growth in the number of international visitors across the country. The number of non-resident visitors entering Canada increased from 1.4 million in May 2022 to 2.5 million in August 2022.ScopeSave time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hotels & motels market in CanadaUse the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in CanadaLeading company profiles reveal details of key hotels & motels market players’ global operations and financial performanceAdd weight to presentations and pitches by understanding the future growth prospects of the Canada hotels & motels market with five year forecastsReasons to BuyWhat was the size of the Canada hotels & motels market by value in 2021?What will be the size of the Canada hotels & motels market in 2026?What factors are affecting the strength of competition in the Canada hotels & motels market?How has the market performed over the last five years?Who are the top competitors in Canada's hotels & motels market?