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Canada Travel and Tourism Market Summary and Forecast

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    Report

  • 44 Pages
  • January 2024
  • Region: Canada
  • MarketLine
  • ID: 5934907
Travel & Tourism in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The travel & tourism industry consists of revenues generated by passenger airlines, passenger rail, hotels & motels, foodservice, travel intermediaries, and casinos & gaming.
  • The Canadian travel & tourism industry had total revenues of $62.2 billion in 2022, representing a compound annual growth rate (CAGR) of -7.1% between 2017 and 2022.
  • The hotels & motels segment accounted for the industry's largest proportion in 2022, with total revenues of $21.4 billion, equivalent to 34.4% of the industry's overall value.
  • Approximately 5% of Canada's GDP comes from the tourist industry. Through the visitor economy, the travel and tourism industry plays a critical role in stimulating Canada's commercial growth.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Canada
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Canada
  • Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Canada travel & tourism market with five year forecasts

Reasons to Buy

  • What was the size of the Canada travel & tourism market by value in 2022?
  • What will be the size of the Canada travel & tourism market in 2027?
  • What factors are affecting the strength of competition in the Canada travel & tourism market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Canada's travel & tourism market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of leading players?
8 Company Profiles
8.1. Restaurant Brands International Inc
8.2. Wyndham Hotels & Resorts Inc
8.3. Booking Holdings Inc
8.4. Air Canada
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: Canada travel & tourism industry value: $ million, 2017-22
Table 2: Canada travel & tourism industry category segmentation: % share, by value, 2017-2022
Table 3: Canada travel & tourism industry category segmentation: $ million, 2017-2022
Table 4: Canada travel & tourism industry geography segmentation: $ million, 2022
Table 5: Canada travel & tourism industry value forecast: $ million, 2022-27
Table 6: Restaurant Brands International Inc: key facts
Table 7: Restaurant Brands International Inc: Annual Financial Ratios
Table 8: Restaurant Brands International Inc: Key Employees
Table 9: Wyndham Hotels & Resorts Inc: key facts
Table 10: Wyndham Hotels & Resorts Inc: Annual Financial Ratios
Table 11: Wyndham Hotels & Resorts Inc: Key Employees
Table 12: Booking Holdings Inc: key facts
Table 13: Booking Holdings Inc: Annual Financial Ratios
Table 14: Booking Holdings Inc: Key Employees
Table 15: Air Canada: key facts
Table 16: Air Canada: Annual Financial Ratios
Table 17: Air Canada: Key Employees
Table 18: Canada size of population (million), 2018-22
Table 19: Canada gdp (constant 2005 prices, $ billion), 2018-22
Table 20: Canada gdp (current prices, $ billion), 2018-22
Table 21: Canada inflation, 2018-22
Table 22: Canada consumer price index (absolute), 2018-22
Table 23: Canada exchange rate, 2018-22
List of Figures
Figure 1: Canada travel & tourism industry value: $ million, 2017-22
Figure 2: Canada travel & tourism industry category segmentation: $ million, 2017-2022
Figure 3: Canada travel & tourism industry geography segmentation: % share, by value, 2022
Figure 4: Canada travel & tourism industry value forecast: $ million, 2022-27
Figure 5: Forces driving competition in the travel & tourism industry in Canada, 2022
Figure 6: Drivers of buyer power in the travel & tourism industry in Canada, 2022
Figure 7: Drivers of supplier power in the travel & tourism industry in Canada, 2022
Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Canada, 2022
Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Canada, 2022
Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Canada, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Restaurant Brands International Inc
  • Wyndham Hotels & Resorts Inc
  • Booking Holdings Inc
  • Air Canada