The Number of Domestic Trips made in Canada, attained a value of 26,041.01 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 in Canada 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 market.
Travel intermediaries is part of a business that assists in selling travel products and services to customers.
Impact of COVID-19 on travel and tourism in Canada
Increasing tourist volumes prior to 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.
The industry has been devastated by the global outbreak of COVID-19, which led to an unprecedented decline 2020. The deadly virus caused the country to temporarily close its borders to international arrivals to prevent its transmission, as well as impose national lockdowns. Canada suffered the largest annual decline in terms of international arrivals to North America in 2020. Even after travel restrictions were lifted in Canada, tourism remained subdued as travelers remained concerned with the safety of traveling during a pandemic.
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.
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