Published on : May 03, 2016
ALBANY, New York, May 03, 2016: This study provides a summary of the travel and tourism industry in Canada and presents data on the present as well as the historical state of the market. The study provides a bird’s eye view of the tourism industry in Canada and presents an enhanced understanding of the expenditure, tourism flows, hotels, airlines, car rental, and travel intermediary industries.
The trips which took place to and from Canada during a specified time range have been analyzed on the basis of mode of transport and purpose; the expenditure expended across numerous categories such as outbound, inbound, and domestic tourism in Canada is also presented. It also comprises an in-depth evaluation of the money expended by tourists on sightseeing entertainment, accommodation, transportation, foodservice, travel, intermediaries, retail, and others.
The report opens by highlighting the domestic tourism market. This section entails the major developments that took place in the domestic tourism market in Canada in 2015 and also presents the projected and historical figures of the domestic expenditure. Furthermore, this section of the report elaborates on the domestic trips that took place in different seasons and for different purposes within Canada. In addition, data has also been included on the average length of these trips and the number of overnight stays.
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Moving further, the report elaborates on the inbound tourism market in Canada and presents the chief developments that took place in this market. As per the report, the inbound tourism market in Canada experienced robust growth in 2015 and inbound trips had risen by 6.3% which came to a total of 18.2 mn in the same year.
Inbound trips are predicted to touch 23 mn by 2020 by rising at a CAGR of 4.70% from 2015 to 2020. In 2015, Vancouver emerged as a major hotel market within Canada and was trailed by Toronto due to its increasing appeal as a convention and conference center. On the other hand, international departures decreased by -2.5% owing to the weak Canadian dollar, hence making travel to Canada cheaper for Americans. In the next part of the report, insights have been provided on state tourism within Canada. In this part, market data has been presented for British Columbia, Ontario, Alberta, Quebec, New Brunswick, and Nova Scotia.
Likewise, the report also provides highlights on the outbound tourism market and the airlines that are a part of the Canada travel and tourism industry. The report states that in 2015, international travel for Canadians became expensive owing to the weak Canadian dollar, which impacted the outbound travel market in Canada adversely. This impact is majorly seen within the U.S., which is Canada’s biggest destination and source market. Therefore, departures in the U.S had fallen by -3%, while U.S international arrivals had risen by 7% in 2015. International departures are poised to reach 38.5 mn in 2020 from 32.6 mn in 2015. Due to the fact that outbound travel has become more expensive, domestic tourism in Canada is predicted to benefit in the forthcoming years and domestic trips are expected to expand at a 4.30% CAGR between 2015 and 2020 and will reach a volume of 142.8 mn by 2020.
In 2016, four new airlines, namely WOW Air, NewLeaf Travel, Jet Naked, and Jetlines are predicted to start operations in Canada, as stated in this study.
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