Tourism

Canadian Travel Deficit: First Decline in Over a Decade

By December 6, 2016 No Comments

Tourism Factoids #3: In 2015, for the first time in over a decade, Canada’s travel deficit (the difference between spending by Canadians outside the country and spending by international visitors to Canada) shrunk. Strong growth in inbound visitation combined with almost no increase to the number of Canadians travelling abroad combined to reduce the deficit by $1.2 billion.

Currency fluctuations contributed to the decline in outbound Canadian travel while currency, increased air access and redirected marketing dollars helped to increase international inbound travel to Canada.

Extracted from the 2016 Annual Report on Canadian Tourism prepared by HLT Advisory Inc. and the Tourism Industry Association of Canada. Copies are available here.

Author Lyle Hall

A trusted adviser to private- and public-sector clients in the international tourism, hospitality and gaming industries...for 35+ years. Areas of focus: Gaming, Hotels/Integrated Resorts, Convention and other Public Assembly Venues, Destination Management, Attractions, Entertainment and general Tourism.

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