The internal tourism expenditure on cultural services in Canada has generally shown an upward trend from 2013 to 2019, with a significant dip in 2020 due to the effects of the COVID-19 pandemic. The value stood at 6.63 billion CAD in 2023. The years 2021 and 2022 witnessed a recovery followed by a robust growth trend, showing an increase of 53.41% in 2022 and 14.01% in 2023. The five-year CAGR leading up to 2023 was a moderate 1.42%. Forecasts indicate continued growth from 2024 onwards, with a forecasted five-year CAGR of 2.09% and a total projected increase of 10.87% by 2028.
Future trends to watch for include:
- Potential further economic recovery and tourism resurgence post-pandemic.
- Government initiatives to boost cultural tourism.
- Changes in consumer preferences towards cultural experiences.
- Impact of international tourism policies and global travel dynamics.
Latest reports
US Tourism Market Report- Q4 2024
The US tourism industry experienced significant dynamism in the fourth quarter of 2024, driven by various economic, regulatory, and consumer behavior factors. This...
China Tourism Market Report- Q4 2024
In the fourth quarter of 2024, China's tourism industry continued its robust recovery, bolstered by strong domestic travel and innovative strategic initiatives. The...
Japan Tourism Market Report- Q4 2024
In the fourth quarter of 2024, Japan's tourism industry saw a robust recovery, with foreign visitor numbers reaching 33.37 million, surpassing pre-pandemic levels....
Germany Tourism Market Report- Q4 2024
In Q4 2024, Germany experienced a robust recovery in its tourism sector, driven by significant international interest and strategic initiatives across various segments....
India Tourism Market Report- Q4 2024
In Q4 2024, the Indian tourism industry experienced a dynamic shift, driven by varying market segments and external economic conditions. This period was...
UK Tourism Market Report- Q4 2024
The UK tourism industry in Q4 2024 demonstrates a dynamic environment shaped by technological advancements, economic pressures, and evolving consumer preferences. Key market...
France Tourism Market Report- Q4 2024
Q4 2024 has been a dynamic period for the tourism sector in France, characterized by evolving trends and significant regulatory developments that are...
Canada Tourism Market Report- Q4 2024
In the fourth quarter of 2024, the Canadian tourism industry shows a nuanced recovery, with a noticeable increase in domestic travel due to...
South Korea Tourism Market Report- Q1 2025
The first quarter of 2025 witnessed dynamic changes in the Tourism South Korea market, driven by various economic and geopolitical factors. Inbound tourism...
Australia Tourism Market Report- Q4 2024
The fourth quarter of 2024 showcased a dynamic period for the tourism industry in Australia, marked by significant trends in various sectors including...
