The forecast for international tourist arrivals in Canada from 2024 to 2028 shows a steady increase. In 2023, the actual number of arrivals stood at 32.621 million. The year-on-year variation for 2024 is 0.45%, for 2025 is 0.46%, for 2026 is 0.46%, for 2027 is 0.44%, and for 2028 is 0.43%. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is projected to be approximately 0.45%.
Future trends to watch for include:
- Potential impacts of geopolitical stability on international travel.
- Changes in visa policies and international relations.
- Advancements in travel technology and infrastructure.
- Evolving preferences for sustainable and experiential tourism.
- The possible effects of global economic fluctuations on discretionary travel spending.
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