Canada Tourism Report - Business Monitor International - Industry Reports

Canada Tourism Report

Canada Tourism Report - Business Monitor International - Industry Reports
Canada Tourism Report
Published Oct 08, 2016
32 pages — Published Oct 08, 2016
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Total Arrivals (---------) Total arrivals, --- Total arrivals, ---, y-o-y ---- ---- ---- ----f ----f ----f ----f ----f - -,--- --,--- --,--- --,--- --,--- - --.- -.- - -.- -- e/f = BMI estiamte/forecast. Source: National sources, BMI Unsurprisingly, the region that accounts for the greatest volume of travellers to Canada is North America (the US). ...The second biggest market for arrivals is Europe, with -.-mn visitors to Canada expected in ----, reflecting growth of -.- , followed by Asia Pacific with -.-mn visitors forecast for the year. Arrivals from all regions are expected to increase overall by ----, though North America will continue to constitute the bulk of the arrivals market, accounting for --.-mn arrivals at the end of the forecast period following growth of -.- on average between ---- and ----. The Asia Pacific region will experience strongest growth over the forecast period, growing by an average --.- a year to ---- and totalling -.-mn arrivals in that year. ...The weaker Canadian dollar will also encourage more tourists to visit Canada. The European market is expected to grow steadily, with improving economic fortunes leading to arrivals of -.-mn by ----.

...The US is Canada s biggest source market, accounting for the majority of arrivals in ----. The remainder of Canada s top -- markets is relatively diverse, helping to improve sustainability in the event of any regional economic downturns. ...China, with ---,--- arrivals, takes up the third spot, while France, Germany and Australia also make it into the top --. Canada is working on securing arrivals from the US, investing in campaigns such as Connecting America, which started in ---- and will run through to ----, to promote reciprocal tourism. It is also expanding travel connections, expanding airports and extending flight routes in order to attract more arrivals from major Asia region markets and European countries. We therefore expect to see arrivals from all countries increasing over the forecast period, with arrivals from China in particular increasing rapidly. From December ----, Mexican tourists will not need a visa to visit Canada, which we expect to boost tourism from Mexico.

...Canada s hotel market is large and well developed, benefiting from the country s extensive range of both summer and winter tourism attractions. The market has been growing slowly but consistently to reach --.-mn arrivals in ----, equivalent to around half of Canada s population. ...

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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Business Monitor International - Industry Reports. "Canada Tourism Report" Oct 08, 2016. Alacra Store. Oct 23, 2016. <>
Business Monitor International - Industry Reports. (2016). Canada Tourism Report Oct 08, 2016. New York, NY: Alacra Store. Retrieved Oct 23, 2016 from <>
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