DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/89fvj4/the_future_of) has announced the addition of the "The Future of Travel and Tourism in Canada to 2016" report to their offering.
The Travel and Tourism Competitive Index (TTCI) ranked Canada as the second-most-attractive destination in the Americas - and the ninth worldwide - to develop business in the travel and tourism sector in 2011. Canada's travel and tourism sector contributed 4.6% to national GDP in 2011, and accounted for 13.9% of the country's total employment. During the review period, the total number of trips undertaken by residents, both domestic and outbound, increased from 239.8 million in 2007 to 264.8 million in 2011, registering a CAGR of 2.50%. The key drivers for this growth are a rebound in the economy, increasing employment, rising disposable incomes and government initiatives to improve tourism in the country.
Reasons To Buy
- Take strategic business decisions using historic and forecast market data related to the Canadian travel and tourism sector
- Understand the demand-side dynamics within the Canadian travel and tourism sector, along with key market trends and growth opportunities
- Identify the spending patterns of domestic, inbound and outbound tourists by individual categories
- Analyze key employment and compensation data related to the travel and tourism sector in Canada
- Understand the market size of other tourism sub-sectors such as airlines, hotels, car rental and travel intermediaries
Key Highlights
- According to the United Nations World Tourism Organization (UNWTO), Canada accounted for the third-largest number of inbound tourist arrivals in the Americas in 2011. There were 30.9 million inbound tourist arrivals in the country in 2011, with the US, UK and France accounting for 88.4% of total inbound arrivals.
- Canada's tourism sector relies heavily on domestic tourism.
- The government launched its Federal Tourism Strategy to enhance the competitiveness of the tourism sector and position it for long-term growth. By 2015, Canada intends to generate US$100 billion in tourism revenue and the Federal Tourism Strategy will help meet this target.
- According to the World Economic Forum (WEF), Canada is ranked first for its air transport infrastructure.
- Investors in the Canadian hotel industry have largely been domestic in the past because foreign investors were more attracted towards large markets such as the US and the fast-growing Asian markets. However, hoteliers expect the scenario to change with more foreign investors entering into the financially stable Canadian market, which offers good prospects for capital growth.
- The car rental market in Canada is seasonal in nature, with demand being strongest in the spring and summer months as these are typically the high-traffic months for vacationing travelers, while business travelers add demand in the early spring and late fall. January remains the slowest month for both business and leisure travel.
- Online travel bookings have witnessed tremendous growth in the past few years in Canada due to the increasing penetration of the internet among the population. The rapid increase in online sales has negatively impacted traditional travel intermediaries.
Key Topics Covered
1 Executive Summary
2 Introduction
3 Travel and Tourism in Canada
4 Domestic Tourism in Canada
5 Inbound Tourism to Canada
6 Outbound Tourism from Canada
7 Tourism Economics in Canada
8 Airlines in Canada
9 Hotels in Canada
10 Car Rental in Canada
11 Travel Intermediaries in Canada
12 Appendix
12.1 Methodology
12.2 Contact Us
12.3 About Timetric
12.4 Disclaimer
List of Tables
Companies Mentioned
- Air Canada
- Air Transat AT
- Best Western International
- Chorus Aviation
- Delta Hotels & Resorts
- Discoun
- Fairmont Raffles Hotels International
- InterContinental Hotels Group
- Porter Airlines
- WestJet Airlines
- Westmont Hospitality Group
For more information visit http://www.researchandmarkets.com/research/89fvj4/the_future_of