Total expenditure in Alberta
$31.6 Million (2025)
Passport holders
30 Million (2025)
58.1% of total population
Potential market size
2.5 Million (2024)
Overview
Total tourism expenditure from South Korea in Alberta increased 34% in 2025. South Korea’s economy is expected to see moderate growth in 2026, with GDP projected to expand by around 1.8–2.0%, supported by improving domestic demand and strong performance in high‑tech sectors such as semiconductors. While private consumption is strengthening alongside rising real incomes and fiscal support, external demand is expected to remain a headwind, reflecting weaker global trade conditions and ongoing tariff pressures. Inflation is projected to remain around or slightly above the Bank of Korea’s 2% target.
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Economic Indicators
Indicator | 2024 | 2025 | 2026 Forecasted | 2027 Forecasted | 2028 Forecasted |
|---|---|---|---|---|---|
GDP - per capita (US$) | $36,397 | $36,359 | $36,916 | $38,190 | $40,381 |
GDP - YoY Growth Rate | 1.77% | 0.97% | 1.84% | 1.94% | 2.33% |
Exchange Rate (KRW/CAD) (annual average) | $0.001 | $0.001 | N/A | N/A | N/A |
Unemployment Rate (annual average) | 2.79% | 2.81% | N/A | N/A | N/A |
Annual inflation | 2.00% | 2.12% | 2.68% | 1.31% | 1.92% |
Quarterly traveller spend
Traveller Characteristics
Where are travellers spending their money?
Why won't travellers come here? | |
|---|---|
Too far / Too long | 47% |
Cost | 43% |
Extreme weather conditions | 26% |
Not enough time to take a holiday | 25% |
Poor weather | 21% |
Top 5 trip anchors (market size) | |
|---|---|
Nature walks | 1.1M |
Natural attractions (e.g. scenic viewpoints, mountains, waterfalls) | 1.1M |
Trying local food and drink | 1.1M |
Nature parks | 764K |
Local markets (e.g. public markets, farmers market, night markets) | 756K |
What's the purpose of their visit? |
|---|
Sources
Estimated spend data is derived from Destination Canada's Lodging Aligned Spend Reporting (LASR) (April 2026). Use, distribution, or republication of these estimates requires Destination Canada's written consent.
Global Traveller Research Program, 2024, 2025.
Oxford Economics.
Bank of Canada.
DIIO, Cirium.
Mobile Insights, Rove.