The forecast for inbound overnight visitors in Canada shows a steady growth trajectory from 2024 to 2028. The number of visitors is expected to rise from 23.243 million in 2024 to 24.699 million in 2028. Compared to 2023, this trend indicates continuous positive momentum in tourism. The year-on-year variations reveal incremental increases:
- From 2024 to 2025: Growth of approximately 1.6%.
- From 2025 to 2026: Growth of approximately 1.5%.
- From 2026 to 2027: Growth of approximately 1.5%.
- From 2027 to 2028: Growth of approximately 1.4%.
The Compound Annual Growth Rate (CAGR) for this period suggests an average annual increase of roughly 1.5%.
Future trends to watch for include potential impacts of global economic conditions, geopolitical dynamics, and advancements in travel technology. Moreover, evolving consumer preferences towards sustainable and experiential travel could shape the tourism landscape in Canada significantly.
