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.
Document Highlights
On the heels of another year of solid growth in 2017, tourism activity in Canada is poised to expand a further 2.6 per cent in 2018. While domestic overnight visits are projected to expand by a modest 2.2 per cent, visits from overseas are forecast to surge a further 6.7 per cent, thanks in part to 2018 being the Canada–China Year of Tourism. Although high gas prices are significantly increasing the cost of travel, overnight visits from the U.S. are still projected to advance 3.4 per cent this year and continue to expand at a moderate pace over the forecast horizon. Despite some price relief offered by new ultra-low-cost carriers, travel prices are still expected to keep increasing at a faster pace than overall consumer prices over the duration of the forecast period.
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