Travel Markets Outlook: Metropolitan Focus—Autumn 2017
The Conference Board of Canada, 69 pages
December 4, 2017
This report offers an in-depth analysis and forecast for tourism activity in Canada and in nine 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.
- With strong economic growth in Canada and improving economic conditions in the United States, overnight visits to Canada showed solid gains in 2017, boosted by anniversary celebrations—the country’s 150th and Montréal’s 375th.
- Overseas visits are expected to grow by 7.1 per cent this year with gains from Mexico, Asia, and Oceania while travel next year will be sparked by the Canada–China Year of Tourism.
- Travel prices are affected by gas prices and those, plus the demand due to celebrations this year in Canada, caused travel prices to rise by 4.3 per cent in 2017, but they will moderate to between 2.2 and 2.4 per cent over the forecast horizon.