The diversity of fishing and hunting lodges, whether small, medium or large scale operations, offer a variety of options for outdoorsman visiting Canada. The trend for Canadian lodge owners has been positive in recent years and preliminary data for 2018 shows another year of moderate growth. These lodges are Canada, they are surrounded by our nation’s beauty. Below is a sample calculation utilizing the net income from Lodge 7 in our comparative analysis above, and a 7.3 EBITDA multiple to determine an estimate of market value for this fishing lodge: The indication of the value in use for the above fishing lodge derived via the EBITDA multiple analysis is $1,450,000. List of Industries Browse our Global List of Industry Research Reports. Understanding these challenges and developing solutions for them is what I do. Understanding the current state of the overall Canadian tourism industry is important for lodge owners. Often times the buyers were past American guests of the lodge that lived a good distance away and did not make it to the cabins often. Whether it’s hydro, minimum wage, limiting the ability to set up corporations, all of these things are impacting lodge profitability and their viability as businesses. We have discussed the state of the lodge industry over the past decade with many lodge owners and circumstances varied. Ontario is a study in contrasts. There are still some Canadian lodges exclusively catering to the corporate market today. Others have purchased prime land that will later be subdivided and sold off as cottage lots. If your lodge is not on a quality fishery, or one that is not producing the way it used to, it is best to reposition yourself to attract a different clientele because your angler guests will not return eventually no matter how good the service is. The industry also provides job opportunities to our country and supports numerous other businesses through supplies purchases. In other words, a shrunken loonie encourages Americans to holiday in Canada, where their dollars are going much further than when the currencies were at par. United Kingdom Sea Fisheries Statistics and its subsidiary publications, The UK Fishing Industry: Structure and Activity and The UK Fishing Industry: Landings adhere to … Some lodges offer full amenities to a higher end client. About 72,000 people are employed by the fishing industry in Canada in primary harvesting, aquaculture or processing. In 2018, the commercial fishing industry harvested 24 million pounds of fish with a landed value of more than $44 million and contributed $234 million to the Canadian economy. Some lodge owners took on other full-time work to offset the decline in their lodge operation’s revenue; others passed the lodge to children for them to operate on a part time basis. In the past guests would plan their trip a year in advance, often rebooking for the next year at the end of their current trip. The National Survey of Fishing, Hunting, & Wildlife-Associated Recreation is sponsored by the U.S. This will aid them with an “exit” strategy which is the number one thing most business owners overlook. Tourism has been strong in Canada the past few years but there also appears to be a positive trend emerging in the outdoors tourism industry specifically. An income capitalization approach commonly utilized in the valuation of fishing & hunting lodges is the application of an EBITDA Multiplier (earnings before interest, taxes, depreciation and amortization). Most lodges catch smaller fish for a shore lunch with larger fish being released. The above example isn’t considered gospel. There is consensus amongst lodge owners that the quality of the sport hunting/fisheries are still in excellent shape. 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