Significant Rise in Outdoor Dining Trends in Canada
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2026
0mins
Source: Yahoo Finance
- Outdoor Dining Plans: 74% of Canadians plan to dine outdoors at least once a month during warmer months, indicating a strong interest that is expected to drive growth in the related dining sector.
- Increased Dining Duration: Outdoor diners averaged 127 minutes at their tables over the past year, which is 20% longer than the overall average, suggesting that the appeal of outdoor dining experiences is growing, potentially boosting restaurant revenues.
- Growth of Pet-Friendly Restaurants: There has been a 39% increase in dog-friendly restaurants in Canada over the past year, alongside a 34% rise in diners at these establishments, reflecting a growing consumer demand for pet-friendly environments that is enhancing market development.
- Changing Dining Preferences: 56% of diners prefer courtyard and terrace venues for outdoor dining, with nearly half drawn to scenic beach or riverfront locations, indicating a trend that will likely prompt restaurants to invest more in environmental design to attract customers.
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Analyst Views on BKNG
Wall Street analysts forecast BKNG stock price to rise
25 Analyst Rating
18 Buy
7 Hold
0 Sell
Moderate Buy
Current: 169.820
Low
5407
Averages
6153
High
6850
Current: 169.820
Low
5407
Averages
6153
High
6850
About BKNG
Booking Holdings Inc. is a provider of travel and restaurant online reservation and related services. The Company offers its services through five primary consumer-facing brands: Booking.com, Priceline, Agoda, KAYAK, and OpenTable. Through its brands, consumers can book an array of accommodations (including hotels, motels, resorts, homes, apartments, bed and breakfasts, hostels, and other alternative and traditional accommodation properties) and a flight to their destinations; make a car rental reservation or arrange for an airport taxi; make a dinner reservation; or book a vacation package, tour, activity, or cruise. Consumers can also use its meta-search services to easily compare travel reservation information, such as flight, hotel, and rental car reservations from hundreds of online travel platforms at once. Booking.com offers accommodation reservation services for approximately 4.0 million properties in over 220 countries and territories and in over 40 languages.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Diverse Experiences: Thailand's Vana Nava Waterpark in Hua Hin is known for its state-of-the-art slides, offering thrilling experiences for all ages, while Hua Hin's beautiful beaches and night markets provide rich leisure options for travelers.
- Modern Facilities: Mikazuki Water Park in Da Nang, Vietnam features a variety of slides and pools catering to both thrill-seekers and those looking to relax, with Da Nang's stunning beaches and cultural sites further boosting its tourism appeal.
- Cultural and Entertainment Fusion: Japan's Oiso Long Beach combines traditional charm with modern attractions, offering diverse water activities while allowing visitors to explore the cultural and historical offerings of Kanagawa Prefecture, enhancing the overall travel experience.
See More
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- Price Range Analysis: The XLY ETF's 52-week low is $103.855 per share, with a high of $125.01, and the latest trade at $121.49 indicates relative stability in the current market, potentially attracting investor interest.
- Technical Analysis Tool: Comparing the latest share price to the 200-day moving average can provide valuable insights for investors, helping them assess market trends and identify potential buying opportunities to optimize investment decisions.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade similarly to stocks, where investors are buying and selling 'units' that can be created or destroyed based on investor demand, offering flexibility in adapting to market fluctuations.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding for ETFs highlights those experiencing notable inflows (new units created) or outflows (old units destroyed), as these liquidity changes can impact the performance of individual stocks within the ETF, thereby affecting the overall investment portfolio.
See More
Quarterly Revenue Analysis for Booking and Airbnb
- Quarterly Revenue Performance: Booking reported $5.5 billion in revenue for Q1 2026, reflecting a 16% year-over-year growth, while Airbnb's revenue for the same period was $2.7 billion, showing an 18% increase, indicating both companies are actively expanding in the market.
- Competitive Market Dynamics: Although Booking's revenue significantly exceeds that of Airbnb, the latter's faster growth rate suggests that its efforts to diversify into hotels and additional services may pose a competitive threat to Booking's market share.
- Seasonal Sales Fluctuations: The third quarter typically serves as a peak sales period for both companies, with significant sales boosts during the summer travel season, highlighting the seasonal nature of travel demand.
- Future Outlook and Challenges: Booking forecasts a revenue increase of 4% to 6% year-over-year for Q2, a stark decline from its 16% growth in Q1, primarily due to the impact of conflicts with Iran, which may negatively affect its future performance.
See More
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- Revenue Scale Comparison: Booking consistently generates significantly higher total revenue than Airbnb across all reporting periods, with Booking reporting $5.5 billion in sales for Q1 2026 compared to Airbnb's $2.7 billion, indicating Booking's dominant market position.
- Quarterly Revenue Fluctuations: Both companies experience revenue declines in Q1 but see substantial increases in Q3 due to the summer travel season, with Booking's growth rate at 16% and Airbnb's at 18%, suggesting Airbnb's market expansion strategies are effective.
- Market Challenges and Outlook: Booking's stock fell to a 52-week low of $150.14 on May 20 due to conflicts with Iran, forecasting only a 4% to 6% year-over-year revenue increase for Q2, which is a stark contrast to its Q1 growth, reflecting external pressures on its business.
- Investor Considerations: Despite Booking's larger revenue scale, analysts note it was not included in the “best stocks” list, prompting investors to carefully evaluate its future growth potential, especially in a competitive market landscape.
See More
OpenTable Expands with New Toronto Office Lease
- New Office Opening: OpenTable has signed a multi-year lease at Allied's 134 Peter Street in Downtown Toronto, securing over 24,000 square feet of premium office space, marking a significant milestone in its commitment to the Canadian market and international expansion.
- Team Expansion Plans: The new office is expected to accommodate over 200 employees, with OpenTable actively hiring across engineering, product, marketing, and more to support global product innovation and local operations.
- Tech Talent Utilization: By establishing a new office in Toronto, OpenTable can tap into the city's world-class tech talent pool, thereby driving global product innovation and further solidifying its position in the Canadian restaurant industry.
- Confidence in the Industry: OpenTable's expansion in Toronto is seen as a strong show of confidence in the Canadian restaurant sector, supporting local economies and communities while enhancing service for restaurant operators and diners.
See More
Analysis of Netflix and Booking Stock Splits and Future Prospects
- Netflix Stock Split: Netflix executed a 10-for-1 stock split on November 17, with shares currently trading around $88, reflecting a 25% decline over the past year due to disappointing financial guidance that sharply impacted stock prices, necessitating investor vigilance regarding future market performance.
- Market Potential: Despite challenges, Netflix's penetration in the U.S. streaming market is still below 50%, and the company plans to enhance market share by venturing into live sports and long-form video podcasts, thereby boosting user engagement and revenue growth.
- Booking Stock Split: Booking Holdings conducted a 25-for-1 stock split on April 6, adjusting shares from above $4,000, and while facing potential disruptions from AI, the company sees significant growth opportunities, particularly in the fast-growing Asian travel market.
- Competitive Advantage: Booking Holdings benefits from strong network effects and a diversified service ecosystem that attracts more travelers to its platform, and despite a 25% drop in stock price over the past year, its market position and future growth opportunities still make it an attractive investment.
See More
