The average expenditure per household on hotels and motels in Canada is projected to consistently rise from 2024 to 2028, with values increasing annually from CAD 490.34 in 2024 to CAD 523.57 in 2028. In 2023, the actual expenditure stood lower than the forecasted amounts for 2024 and beyond. The year-on-year growth remains steady, averaging around 1.7-1.8% per year over these five years. This establishes a clear upward trend indicating growing consumer spending on accommodations.

Future trends to watch for include:

Influence of economic factors, such as inflation and economic growth, on household spending power.
The impact of potential changes in tourism trends on domestic and international travel.
Technological innovations in the hotel industry enhancing value offerings and possibly influencing expenditure.