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.