Despite lackluster overall economic growth, Canada saw increases in all major tourism indicators in 2014. All of this bodes relatively well for tourism investments in the pipeline, especially lodging, and for new investors planning to enter the market. Find out how long these opportunities are expected to be available.
A number of Canada’s top 10 generating markets experienced double-digit growth in 2014, and further growth is forecasted in 2015. Canada’s domestic tourism also is a significant source of tourism growth for the country, especially as baby boomers in Canada retire and begin spending more on services such leisure and recreation. Given increases in domestic tourism spending and the promising forecasts for international travel to Canada, the tourism industry seems to be well positioned to continue thriving for the next several years. Continue reading to find out what trends have the potential to impact performance and the government’s role in tourism growth.