In 2023, business enterprise R&D expenditure in Canada's accommodation and food service activities stood at an undisclosed figure, serving as a benchmark for the forecast. From 2024 through 2028, expenditure is predicted to grow steadily from $21.01 million to $25.28 million in US Dollars PPP (2015). Year-on-year growth rates show a consistent increase: 6.84% in 2025, followed by 5.17% in 2026, 3.89% in 2027, and 3.06% in 2028. The 5-year compound annual growth rate (CAGR) forecasts an average annual increase of around 4.72%.

Future trends to watch for:

Focus on sustainable and innovative technologies to drive efficiency.
Increasing influence of technology integration in enhancing customer experience.
Adapting to the evolving consumer preferences that emphasize health and safety.