Based on the forecasted data, the number of excursionists in Canada is expected to decline steadily between 2024 and 2028. The number stands at 146.37 million in 2024, decreasing annually by approximately 7% to reach 107.25 million by 2028. The last recorded actual value in 2023 was not provided, but assuming a similar trend as seen in the forecasted years, there was likely a gradual decline leading from 2023 into 2024. The Compound Annual Growth Rate (CAGR) over the five forecasted years indicates an average annual decrease of around 7%.
Future trends to watch for include potential external factors that might accelerate or reverse this decline, such as economic changes, policy shifts in tourism, developments in global travel, or changes in consumer behavior. Monitoring trends in digital travel technology and sustainability might also reveal opportunities or challenges affecting excursionist numbers.
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