In 2023, the International Passenger Transport Receipt in Canada was valued significantly under the forecasted $3.89 billion for 2024, indicating a recovery. Forecasts from 2024 to 2028 illustrate a steady annual growth in receipts, with a consistent rise each year. Year-on-year variations reveal incremental improvements, indicative of strengthening international travel and tourism activities. Over the entire forecast period, the compound annual growth rate (CAGR) suggests a stable upward trajectory, reflecting recovery from earlier disruptions in global travel.
Future trends to watch:
- Impact of global economic conditions on discretionary travel spending.
- Influence of sustainable tourism initiatives on travel patterns and receipts.
- Technological advancements in transport affecting international passenger dynamics.
