Outbound Canada Travel Trends & Trip Intentions Jennifer Hendry Senior Research Associate Canadian Tourism Research Institute conferenceboard.ca.
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Outbound Canada Travel Trends & Trip Intentions Jennifer Hendry Senior Research Associate Canadian Tourism Research Institute conferenceboard.ca Canada: Total Outbound Leisure Trips (‘000 of outbound leisure trips, all destinations) 3.6% CARG Source: Statistics Canada, CBoC conferenceboard.ca Annual Leisure Visits to the U.S. 21.0 20.0 19.0 Leisure visits to the U.S. grew from 10.6 million in 2004 to 18.3 million in 2014. $1.05 $1.00 $0.95 18.0 CARG 2.1% 2014-2018 17.0 $0.90 Millions 16.0 $0.85 15.0 14.0 $0.80 13.0 $0.75 12.0 US Leisure Visits (millions) 11.0 $0.70 CAD $ (annual average) 10.0 $0.65 9.0 8.0 $0.60 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015f 2016f 2017f 2018f Source: Statistics Canada, CBoC conferenceboard.ca Seniors will out number children by 2017 Source: Statistics Canada, CBoC conferenceboard.ca U.S. Leisure Trips by Age Group The older Canadians get, the more likely they are to visit the U.S. when travelling outbound for leisure purposes. conferenceboard.ca Share of Trips by Air to U.S. Growing (% share of trips to U.S. from Canada by mode) Source: Statistics Canada, CBoC conferenceboard.ca Canadian Travel to Massachusetts and other Northeast States conferenceboard.ca Direct Arrivals at Logan International 4.7% CARG (2013-2016) Source: US BTS; CBoC forecast from October 2014 through 2016 conferenceboard.ca Canadian Visits to Massachusetts (thousands of overnight visits each year) conferenceboard.ca Overnight Trips to the Northeast % growth 2003 to 2013 Sources: Statistics Canada and CBoC. conferenceboard.ca Modest Economic Growth in Main Source Markets Source: CBoC forecast conferenceboard.ca Canada’s Population is Aging • • • • The share of Canada’s population aged 55+ is increasing dramatically. Between 2014 and 2019, the proportion of Canadians aged 55-64 will increase 12%, while the share of people aged 65 and older will increase 20%. In Ontario, the proportion of residents aged 55-64 will increase 15% in Ontario and 8% in Quebec The proportion of people aged 65+ will increase significantly in both ON (+21%) and QC (18%) % change in population (2019 vs 2014) Canada ON QC under 15 6.6% 3.9% 8.2% 15-24 -5.3% -4.7% -10.3% 25-34 5.3% 7.9% 3.0% 35-44 3.8% -0.6% 10.7% 45-54 -7.1% -7.1% -10.4% 55-64 11.7% 15.0% 7.5% 65+ 20.3% 20.6% 17.8% Source: November 2014 CBoC forecast. conferenceboard.ca Short Duration Visits, but High Spending Source: Statistics Canada and CBoC Average duration (overnight trips): 2.3 nights Average spend/visit: $515 CAD • $118 per night/per person when visiting Massachusetts conferenceboard.ca High Income Canadians Key Travel Market Source: PMB 2015 conferenceboard.ca Opportunities for Massachusetts Travel & Tourism conferenceboard.ca Activity Based Segments Luxurious Adventurer – 38% have travelled to NE States in past 2 years – 1.6m in Toronto and 1m in Montreal – luxury accommodation and quality restaurants are a priority Technos – – – – 43% have travelled to NE States in past 2 years Internet is their source of information 2.1m in Toronto, 1m in Montreal Connected while “out and about” at sports events, other attractions Ambitious & Educated – – – One-quarter live in Montreal Fashion is important, avid shoppers Just as likely to attend a sports event as visit a museum Cultured & Active – – – – Avid readers, magazine subscribers Festivals and events, gastronomy, heritage and culture One-quarter have taken 6+ outbound trips/year 1.2 million in Toronto alone conferenceboard.ca In a Nutshell… • Canada boasts a strong outbound travel market • Massachusetts has performed better than other NE states and is positioned well – New capacity supporting growth in air travel – Key geographic markets include Toronto (air) and Montreal (auto) – Aging population – Weekend getaways, high yield markets – Activity based segments conferenceboard.ca Canadian Tourism Research Institute Outbound Canada Jennifer Hendry Senior Research Associate [email protected] conferenceboard.ca