Forecast: Internal Tourism Consumption of Food and Beverage Serving Services in Canada

From 2013 to 2019, internal tourism consumption of food and beverage serving services in Canada exhibited steady growth, with annual increases varying from 3.39% to 6.58%. This trend was interrupted in 2020 by a significant decline of 42.74% due to the COVID-19 pandemic. Recovery began in 2021 with a 17% increase, followed by a robust 41.72% growth in 2022, achieving a value of 15.4 billion Canadian dollars. In 2023, consumption rose by 13.24% to reach 17.43 billion Canadian dollars. The five-year CAGR leading up to 2023 was 2.14%, showing a resilient recovery.

Future trends to watch for:

  • Innovations in service delivery and technology integration in food and beverage serving.
  • Increasing emphasis on sustainability and local sourcing.
  • Greater consumer preference for experiential dining options.
  • Ongoing impacts of global economic fluctuations and travel patterns.

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