Canada to earn $182bn from Travel & Tourism this year-Report | The World Travel & Tourism Council (WTTC) is forecasting an historic year for Canada’s Travel & Tourism sector this year, with the economic contribution set to reach an all-time high of almost $182bn.
Reaching $182.1bn in 2024 represents an additional $8.1BN over its previous peak, affirming the sector’s significant role as an economic force, responsible for generating one in every 15 dollars of economic activity.
In partnership with Oxford Economics, WTTC’s latest research highlights a sector abundant with opportunities, supporting 1.84MN Canadian jobs, with an increase of 120,000 jobs compared to the previous high point in 2019.
Spending by both international and domestic tourists is also expected to reach unprecedented levels, with forecasts indicating a total expenditure of $43.7bn and $95.2bn respectively, highlighting the robust demand and vibrant growth within the sector. Canada to earn $182bn from Travel & Tourism this year – Report (Source: TravelDailyNews)
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