This quarterly publication from the Canadian Tourism Research Institute features articles that outline key trends for the travel industry.
Travel Exclusive: Key Trends for the Travel Industry: Summer 2006
Travel Exclusive: Key Trends for the Travel Industry: Summer 2006
Canadian Tourism Analysis
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- Rising fuel costs are not expected to derail the positive momentum behind domestic travel demand.
- The April survey reveals that the area with the strongest improvement in summer-travel intentions was domestic vacations.
- Even the most conservative estimates point to a substantial increase in the demand for overseas travel by Canadians in the next five years.
- Survey respondents planning an outbound vacation this summer said that a cruise would be of greatest interest to them if they stayed in Canada.
- The travel industry must develop strategies to promote Canada as a choice vacation destination.
- The U.S. Consumer Confidence Index reveals that Americans are apprehensive about prospects for the economy, the labour market and income potential.
- High gas prices and low consumer confidence will restrain U.S. leisure travel this summer, yielding essentially zero growth in this area.
- The TIA believes that US$3 per gallon could be the price threshold for U.S. travellers this summer.
- Recent surveys suggest that many American travellers are unsure whether or not they need a passport to cross the Canada–U.S. border right now.
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