The forecast for Travel Services Enterprises in Canada shows steady growth from 2024 to 2028, with an incremental increase in establishments per year. In 2023, there were 9.15 thousand establishments. Year-on-year growth rates from 2024 to 2028 illustrate consistent expansion: 1.72% in 2025, 1.69% in 2026, 1.66% in 2027, and 1.53% in 2028. The cumulative average growth rate (CAGR) over the five-year period is around 1.65%.
Future trends to watch include technological advancements enhancing travel service efficiencies, shifts in consumer preferences towards sustainable travel, and the impact of macroeconomic factors on disposable income affecting travel demand in Canada.
