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.
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.
Key Benefits For Stakeholders
- Enable informed decision-making process and offer market analysis based on current market situation and estimated future trends.
- Analyze the key strategies adopted by major market players in Canada travel accommodation market.
- Assess and rank the top factors that are expected to affect the growth of Canada travel accommodation market.
- 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.
- Identify key investment pockets for various offerings in the market.
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Key Market Segments
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
- Key Market Players
- AirBnB
- Expedia
- Trip Advisor
- VRBO
- Hotels.com
- Choice Hotels
- Canadian Tourism Commission
- Tourism Vancouver
- Tourism Toronto
- Travel Alberta
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CANADA TRAVEL ACCOMMODATION MARKET, BY TYPE
CHAPTER 5: CANADA TRAVEL ACCOMMODATION MARKET, BY APPLICATION
CHAPTER 6: CANADA TRAVEL ACCOMMODATION MARKET, BY PRICE POINT
CHAPTER 7: CANADA TRAVEL ACCOMMODATION MARKET, BY MODE OF BOOKING
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- AirBnB
- Expedia
- Trip Advisor
- VRBO
- Hotels.com
- Choice Hotels
- Canadian Tourism Commission
- Tourism Vancouver
- Tourism Toronto
- Travel Alberta
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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