The Number of Domestic Trips made by the resident visitors of Canada to Alberta, attained a value of 2,906.56 Thousand in 2020
The indicator recorded a historical decline (CAGR) of 39% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the indicator to grow ...
Canada travel and tourism segment overview
Number of Domestic Trips made by the resident visitors of Canada to Alberta experienced a slight decline between 2017-2020.
The travel and tourism industry consists of revenues generated by passenger airlines, passenger rail, foodservice, hotels and motels, travel intermediaries, and casinos and gaming markets.
Impact of COVID-19 on travel and tourism segment in Canada
The Canadian travel and tourism industry grew moderately between 2017 and 2019, before plunging into a steep decline in 2020 amid the COVID-19 pandemic. The industry looks set to recover and grow strongly in the coming years.
Increasing tourist volumes before the pandemic have also been attributed to the tourism campaigns undertaken by the government, promoting Atlantic Canada as a world-class tourist destination. Destination Canada’s stretch goal, along with other marketing initiatives, has been the major driver of increasing domestic and international tourism. Vancouver has the top hotel market in Canada, followed by Toronto, as the cities both lead in terms of occupancy rates and growth in revenue available per room. Additionally, Vancouver’s increasing demand as a conference and convention spot, and growing disposable incomes in British Columbia, had previously been driving overnight visits to the city.
As well as causing revenue to decline in the industry, the pandemic has also contributed to the closure of many hotels and motels in the country. Many smaller, independent companies were unable to stay afloat amid the economic conditions in 2020, leading to a decline in the number of establishments that year.
The Canadian industry is expected to recover over the forecast period, driven by a rebound in tourism as travel restrictions around the globe are lifted. Increasing tourism from neighboring countries and government initiatives, such as Destination Canada’s stretch goal, will also drive growth in the industry. As identified in the destination’s National Tourism Strategy, aspirations are to disperse tourism throughout the country. This will drive growth in areas outside of the most popular tourist spots.
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