Published on : Thursday, January 24, 2019
In Canada, the number of overnight visits booked by domestic and international travelers is expected to grow by 2 percent in 2019, in spite of the expectations for “growing economic and financial challenges” in Canadian households, as per The Conference Board of Canada’s annual “Travel Markets Outlook” reports.
The Conference Board’s travel intentions survey found that, “A growing share of Canadian households plan to take a winter vacation, and among those, a slightly higher share plan to stay in Canada for their longest-duration trip,” it was unveiled in a press statement.
Along with gradual travel price inflation and a positive exchange rate with the Canadian dollar, increase from the U.S. and international markets will help the local markets.
Among the 10 Canadian cities covered in the “Travel Markets Outlook: Metropolitan Focus,” increase in overnight visits is anticipated to average between 1.6 percent and 3.3 percent in 2019. Vancouver will witness the strongest development in 2019, the only city where tourism is expected to grow by more than 3 percent.
Montreal is expected to witness 2.3 percent growth in the next several years, in part stimulated by significant citywide events like the World Summit AI, a major artificial intelligence summit taking place on April 9-21.
Tags: Canada tourism