The forecast for nights in all types of tourist accommodations in Canada indicates a steady growth from 287.98 million nights in 2024 to 320.11 million nights in 2028. This represents a year-over-year increase of approximately 2.84% from 2024 to 2028. Notably, in 2023, the recorded nights were 280 million, setting a baseline for forecasting. The cumulative average growth rate (CAGR) over this five-year forecast period is 2.73% yearly, showcasing a consistent upward trend.
Future trends to watch for include potential impacts from shifts in international travel regulations, advancements in transportation technology, and evolving consumer preferences in lodging, such as increased demand for sustainable accommodations.
