From 2013 to 2023, tourism employment in Canada exhibited a consistent, albeit moderate, upward trend, moving from 625.2 thousand jobs in 2013 to 709.35 thousand jobs in 2023. This represents a Compound Annual Growth Rate (CAGR) of 0.71% over the last five years. Notably, the tourism sector experienced a considerable setback in 2020 due to the COVID-19 pandemic, with employment plummeting by 29.45%. Nonetheless, strong recovery efforts resulted in a substantial rebound by 2022 and 2023, with annual growth rates of 32.52% and 7.29%, respectively.
Looking ahead, forecasted data indicates a continued steady rise in tourism employment, reaching 742.37 thousand jobs by 2028, marking a 5-year CAGR of 0.72%. This growth reflects an improved outlook and a gradual return to pre-pandemic levels of employment in the tourism sector.
Future trends to watch for include:
- Potential impacts of global economic conditions on tourism.
- Ongoing recovery and adaptation post-pandemic, including potential shifts toward sustainable and eco-tourism.
- Technological advancements enhancing tourism experiences.
- Policy changes and international travel regulations affecting tourism flow.
