$120 Million (2023)
$110 Million (Jan-Sept 2024)
62 Million (2023)
2.1 Million (2024)
2.7 days (2023)
Germany’s GDP growth forecast remains at 0% for 2025 and 0.9% for 2026, with inflation expected to decline below 2% later this year. US tariffs and uncertainty could weigh on corporate investment, but recession is likely to be avoided.
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Competitor Comparison
Air Travel
Economic Indicators
Traveller Characteristics
Indicator | Quebec | Ontario | Alberta | BC | Canada |
|---|---|---|---|---|---|
Expenditure | $80 Million | $161 Million | $110 Million | $320 Million | $0.7 Billion |
Share of total national expenditure (2023) | 11% | 21% | 15% | 43% | - |
Indicator | Quebec | Ontario | Alberta | BC | Canada |
|---|---|---|---|---|---|
Expenditure | $100 Million | $210 Million | $120 Million | $339 Million | $0.8 Billion |
Share of total national expenditure | 12% | 25% | 14% | 40% | - |
Indicator | 2023 | 2024 Estimated | 2025 Forecasted | 2026 Forecasted |
|---|---|---|---|---|
GDP - per capita (US$) | $53,560 | $55,341 | $55,102 | $57,366 |
GDP - YoY Growth Rate | -0.1% | -0.1% | 0% | 0.9% |
Exchange Rate (CAD/EUR) (annual average) | $1.46 | $1.48 | N/A | N/A |
Unemployment Rate (annual average) | 5.7% | 6% | 6% | 5.5% |
Annual inflation | 5.9% | 2.3% | 2.1% | 1.8% |
Top barriers to travel | |
|---|---|
Cost | 36% |
Poor Value for Money | 23% |
Too far / Flight too long | 22% |
Extreme Weather Conditions | 19% |
Not enough time to take a holiday | 18% |
Top 5 trip anchors | Market size |
|---|---|
Natural attractions (e.g. scenic viewpoints, mountains, waterfalls) | 889,213 |
Viewing wildlife or marine life | 596,815 |
Hiking | 592,890 |
Northern lights | 588,229 |
Nature parks | 570,568 |
Purpose of visit |
|---|
Sources
Statistics Canada, Visitor Travel Survey Data 2024/2023
Global Tourism Research Program (GTRP), Destination Canada
Lodging Aligned Spend Reporting (LASR), Destination Canada, 2024
Oxford Economics
DIIO, Cirium
Bank of Canada
UNWTO: UN Tourism Barometer
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