Travel & Tourism in Canada
Summary
Travel & Tourism in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Travel & tourism industry is segmented into passenger airlines, passenger rail, foodservice, hotels & motels, and travel intermediaries.
- The Canadian travel & tourism industry recorded revenues of $78.7 billion in 2023, representing a negative compound annual growth rate (CAGR) of 0.9% between 2018 and 2023.
- The hotels & motels segment accounted for the industry's largest proportion in 2023, with total revenues of $31.3 billion, equivalent to 39.8% of the industry's overall value.
- In 2023, the industry experienced a significant value increase, recovering from recent declines, primarily driven by increasing capital investment, particularly in sectors such as airlines, railways, foodservice, and accommodation. Investors are channelling more funds into expanding travel infrastructure to meet rising demand. According to the World Bank, the capital investment in travel and tourism in Canada reached $19.5 billion in 2023, reflecting a 6.7% increase from 2022.
- 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
- What was the size of the Canada travel & tourism market by value in 2023?
- What will be the size of the Canada travel & tourism market in 2028?
- 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?
- 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 are the strategies of the leading players?
- 7.3. What are the recent developments in the industry?
- 8 Company Profiles
- 8.1. Marriott International Inc
- 8.2. Air Canada
- 8.3. Transat A.T. Inc
- 8.4. Restaurant Brands International Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Canada travel & tourism industry value: $ million, 2018-23
- Table 2: Canada travel & tourism industry category segmentation: % share, by value, 2018-23
- Table 3: Canada travel & tourism industry category segmentation: $ million, 2018-23
- Table 4: Canada travel & tourism industry geography segmentation: $ million, 2023
- Table 5: Canada travel & tourism industry value forecast: $ million, 2023-28
- Table 6: Marriott International Inc: Key Facts
- Table 7: Marriott International Inc: Annual Financial Ratios
- Table 8: Marriott International Inc: Key Employees
- Table 9: Marriott International Inc: Key Employees Continued
- Table 10: Marriott International Inc: Key Employees Continued
- Table 11: Air Canada: Key Facts
- Table 12: Air Canada: Annual Financial Ratios
- Table 13: Air Canada: Key Employees
- Table 14: Transat A.T. Inc: Key Facts
- Table 15: Transat A.T. Inc: Annual Financial Ratios
- Table 16: Transat A.T. Inc: Key Employees
- Table 17: Restaurant Brands International Inc: Key Facts
- Table 18: Restaurant Brands International Inc: Annual Financial Ratios
- Table 19: Restaurant Brands International Inc: Key Employees
- Table 20: Canada Size of Population (million), 2019-23
- Table 21: Canada Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 22: Canada GDP (Current Prices, $ Billion), 2019-23
- Table 23: Canada Inflation, 2019-23
- Table 24: Canada Consumer Price Index (Absolute), 2019-23
- Table 25: Canada Exchange Rate, 2018-23
- List of Figures
- Figure 1: Canada travel & tourism industry value: $ million, 2018-23
- Figure 2: Canada travel & tourism industry category segmentation: $ million, 2018-23
- Figure 3: Canada travel & tourism industry geography segmentation: % share, by value, 2023
- Figure 4: Canada travel & tourism industry value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the travel & tourism industry in Canada, 2023
- Figure 6: Drivers of buyer power in the travel & tourism industry in Canada, 2023
- Figure 7: Drivers of supplier power in the travel & tourism industry in Canada, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Canada, 2023
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Canada, 2023
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Canada, 2023
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