Conference Board of Canada Expects Canadian Staycations Trend to Continue in 2016
A news release from the Conference Board of Canada today points to the weaker loonie and lower gas prices as factors influencing Canadians to vacation closer to home in 2015 – a trend likely to continue in 2016.
Some highlights from the Conference Board of Canada news release:
- Overnight visits to and within Canada are expected to increase by 2.4 per cent in 2016, thanks largely to lower gas prices and a weaker Canadian dollar.
- The strengthening U.S. economy and a more favourable exchange rate are expected to contribute to a 3.3 per cent growth in overnight travel from the U.S. next year.
- However, the pace of Canada’s tourism growth in 2016 will be dampened by higher travel prices and financial concerns among consumers and businesses.
- Halifax, Québec City, Montréal, Ottawa-Gatineau, Toronto, Winnipeg, Calgary, Edmonton and Vancouver will all attract more visitors in 2016.
Read more about 2016 expectations – including those for Edmonton and Calgary – in the full Conference Board of Canada press release.