Indicators (Winnipeg CMA) 2017 2018 2019 2020f
1
Real gross domestic product (GDP) $42 B $43 B $43.8 B $44.3 B
Population 818,000 832,000 845,000 857,000
Employment 432,000 438,000 445,000 449,000
Unemployment (%) 5.8 6.3 5.3 5.5
Household income per capita $45,914 $46,884 $47,824 $48,956
Retail sales (millions) $12,583 $13,090 $13,378 $13,794
Consumer price index (CPI) 130.2 133.3 136.1 138.8
Hotel occupancy rate (%) 70.8 70.2 70.1 n/a
Hotel RevPAR $89.00 $90.20 $89.62 n/a
Hotel daily room rate $126.14 $128.56 $127.77 n/a
*REVPar is the revenue per available room indicating hotel performance
2020f
1
represents forecast data
Winnipeg's economy performed well between 2016 and 2019, expanding by an average of 2.8 per cent per
year. Economic growth moderated to a still decent 1.9 per cent last year and is expected to come in at 1.2
per cent in 2020 and 1.9 per cent in 2021.
Winnipeg outlook
Sources: Conference Board of Canada. Metropolitan Outlook 1. Economic Insights Into 13 Canadian Metropolitan Economies - Winter 2020,
CBRE Hotels Trends National Market Report. December 2019
Salvador
Maniquiz
7
2019
Annual
Report
