The Canadian dollar and its impact on travel flows and hotel real estate: An in-depth look at how the sharp decline in the Canadian dollar is incentivizing increased travel into Canada as well as encouraging Canadians to travel domestically.
Year-to-date volume reached $1.42 billion, a 71% increase year-over-year.
A sharp decline in the Canadian dollar is incentivizing travel into Canada, as well as encouraging Canadians to travel domestically.
Cross-border travel into the country is up 6.9% year-to-date August 2015, representing approximately one million additional visitors year-over-year, according to Statistics Canada.
At the same time, outbound trips by Canadians are declining, particularly to the U.S.
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