The forecast period is expected to bring a return to pre-pandemic norms for Canada’s luxury hotel sector, driven by the resurgence of international and domestic tourism. Mid-single-digit compound annual growth (CAGR) is anticipated over 2024-2029, buoyed by the ongoing recovery in travel demand.
Sustainable and responsible travel is projected to become an increasingly prominent trend during the forecast period, as climate change reshapes consumer preferences for experiential luxury. Although traditional travel options are expected to remain dominant, younger high-income consumers are expressing a growing interest in eco-friendly and sustainable travel experiences.
As the luxury hospitality sector evolves over the forecast period, consumers are expected to increasingly seek unique and authentic experiences alongside traditional luxury offerings. Boutique hotels, which have grown in popularity over the past five years, are set to continue their expansion, driven by the desire for distinctive, locally inspired properties.
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Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Experiential Luxury
This is an aggregation of Luxury Hotels and Luxury Foodservice.
See All of Our DefinitionsThis report originates from Passport, our Experiential Luxury research and analysis database.
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