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The Daily. Wednesday, December 12, 2001 Annual Survey of Traveller Accommodation1999Data for 1999 for the traveller accommodation industry (NAICS category 7211, which includes hotels and motor hotels, motels and other accommodation industries) are now available. These data provide information such as revenue, expenses, salaries and wages, and profit margin. Also available are the percentage distributions of revenue and expenses by source and client base. In 1999, the traveller accommodation industry earned $11.3 billion, an increase of 2.5% over 1998. The low Canadian dollar and favourable economic conditions contributed to the continued growth of tourism in Canada. For profits, 1999 proved to be another banner year for this significant tourism sector. The profit margin (before taxes) for all establishments combined was 11.8%. Of all the provinces, Newfoundland saw the sharpest profit margin increase, to 9.9% in 1999 from 6.3% in 1998. This was largely the result of strong economic growth in Newfoundland in 1999, as well as a boost in tourism marking the 50th anniversary of Newfoundland's entry into Confederation. Throughout 1999, Newfoundland hosted various events to commemorate the occasion. Available on CANSIM: table 3510002. For more information, or to enquire about the concepts, methods or data quality of this release, contact Joan Farnworth (613-951-6303; joan.farnworth@statcan.gc.ca) or Veronica Utovac (613-951-0813; fax: 613-951-6696; veronica.utovac@statcan.gc.ca), Services Industries Division. Selected financial statistics for traveller accommodation 1998-1999
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