This report offers an in-depth analysis and forecast for tourism activity in Canada and in 10 major metropolitan areas. The report also provides an outlook for domestic, United States, and key overseas markets such as Europe and Asia. A companion publication, Travel Markets Outlook: National Focus, forecasts tourism activity in the provinces and Yukon.
Document Highlights
On the heels of solid growth in 2017, overall tourism activity in Canada is estimated to have expanded a slight 1.6 per cent in 2018. The vast majority of visits were domestic overnight visits, which expanded by 1.6 per cent.
Although high fuel costs and escalating hotel room rates significantly increased the cost of travel, overnight visits from the U.S. and overseas still managed to post modest gains of 1.2 per cent and 1.8 per cent in 2018.
With travel price inflation expected to ease and an exchange rate that remains favourable for many international markets, growth from the U.S. and overseas is expected to strengthen in 2019 and stay positive for the rest of the forecast period.
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