Here is my latest analysis of the hospitality sector

1. HOSPITALITY SECTOR – CANADA
Paul Young CPA CGA
September 23, 2020

2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. AGENDA
• GDP / Hospitality
• Automation
• Staffing / employment
• Food and Beverage Sector

4. GDP / HOSPITALITY
Source – Stats Canada

5. AUTOMATION
HOSPITALITY
SECTOR
• Virtual Trips -
https://coleofduty.com/news/2020/06/21/2020-
2025-virtual-reality-in-tourism-market-is-booming-
worldwide-global-industry-size-growth-segments-
revenue-manufacturers/
• Automation - https://www.revfine.com/technology-
trends-travel-industry/
• Automation -
http://www.hospitalitybizindia.com/detailNews.aspx
?aid=38291&sid=1
• Robotic Servers -
https://www.reuters.com/article/us-health-
coronavirus-netherlands/robots-dish-out-the-
drinks-at-reopened-dutch-restaurant-
idUSKBN2392I4
• Robotics waiters and bartenders -
https://www.winespectator.com/articles/robot-
bartenders-waiters-surge-in-demand-in-pandemic-
unfiltered
• Tax policy will need to change as part of automation
changes by the hospitality sector, i.e. robot tax,
automation tax, etc.
• IBM Analytics - https://www.ibm.com/ca-
en/products/planning-analytics

6. STAFFING/HUMAN
CAPITAL
MANAGEMENT
• The new norm for hospitality -
https://www.stcatharinesstandard.ca/news/niagara-region/2020/06/22/tourism-
operators-warn-hospitality-experience-will-be-different-post-covid-19.html
• RV replacing cruise ships - https://www.ctvnews.ca/health/coronavirus/rvs-
replacing-cruise-ships-what-vacations-might-look-like-post-covid-19-1.4964292
• Cruise ship restructuring
• Many jobs are not coming back -
https://www.slideshare.net/paulyoungcga/human-capital-management-skills-
and-education
• More than 60% of the restaurants could close by November 2020 -
https://dailyhive.com/vancouver/canadian-business-potential-restaurant-
closures-by-november
• Wage and rent subsidies have done little curb the closures of food services
companies - https://www.retail-insider.com/retail-insider/2020/8/broad-
economic-impact-as-foodservice-businesses-shutter-in-canada

7. JOB RECOVERY
Source – Stats Canada

8. FOOD AND BEVERAGE SECTOR
Source – Stats Canada

9. WHAT’S NEXT
• Many restaurants and bars are shutting completely down COVID19 and Post Covid19 -
https://www.foodserviceandhospitality.com/canadian-restaurant-closures/
• Business are struggling with bring workers back due to many workers making more on CERB -
https://www.ctvnews.ca/health/coronavirus/reopening-businesses-struggling-to-lure-staff-back-to-work-
1.4996820
• The hospitality sector will be faced with a new norm as such there will need to be a transitioned of workers to
other careers - https://www.slideshare.net/paulyoungcga/human-capital-management-skills-and-education
• Government having been using COVID19 to push guarantee income -
https://www.slideshare.net/paulyoungcga/policy-analysis-guarantee-income
• All levels of government will need to work together as part of tax fairness as well as getting maximum value out
of social spending - https://www.slideshare.net/paulyoungcga/designing-social-programs-and-tax-fairness-
policies
• All levels of government need to focus on getting goods to market as part of supporting sectors like hospitality.
The stronger the economy the more people will have money to spend on food and beverage sector -
https://www.slideshare.net/paulyoungcga/how-best-to-get-goods-to-market

10. TRAINING AND DEVELOPMENT
• If you like to learn more
about trade and/or other
subjects as part of your
professional learning and
development then feel
free to review my material
on
https://www.udemy.com/
(search Paul Young CPA
CGA)
• These subjects address
how to fixed issues with
housing and/or systemic
issues related to economy
including government
policies