Welcome to the Pro Travel Hub on AGORACOM
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio

AGORACOM News Flash

AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

  • Aim to develop and manufacture the best technology graphite in the world
  • Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

Read More   |   *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

AGORACOM Maintenance Alert: Friday Evening Downtime for About an Hour Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013  Read More   |   *SPONSOR

 

 

Message: Tourism spending in Canada

Generic_profile
Rank: [?]
Mail Room
Points: [?]
170
Rating: [?]
Votes: 1 Score: 5.0
  • Currently 5.0/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Tourism spending in Canada

posted on Sep 29, 08 05:36AM

Canadians have been spending more on tourism with good growth in the economy and the strong canadian dollar. The data below is for second quarter of this year taken from Canada's National Statistics Agency.

National tourism indicators

Second quarter 2008

Tourism spending in Canada rose 0.9% in real terms in the second quarter of 2008, the same pace as in the previous quarter. Spending by Canadians continued to advance, albeit at a slower pace, while outlays by international visitors declined for a second consecutive quarter.

right click the chart to save it.

Tourism spending has increased in every quarter since the second quarter of 2003. Domestic demand has been the driving force behind growth over this period, while tourism exports have been weak.

Spending on tourism at home advances

Spending by Canadians on tourism in Canada rose 1.2% in the second quarter, its slowest pace since the third quarter of 2006. The sluggish economy, slower growth in personal disposable income, and the high price of gasoline at the pumps served as the backdrop.



Note to readers

Levels and shares of tourism spending are expressed in current dollars, adjusted for seasonal variations. Growth rates of tourism spending and gross domestic product are expressed in real terms (i.e., adjusted for price change) as well as adjusted for seasonal variations, unless otherwise indicated. Employment data are also seasonally adjusted. Associated percentage changes are presented at quarterly rates.

The National Tourism Indicators are funded by the Canadian Tourism Commission.



Canadians' travel spending outside Canada edged up (in nominal terms) in the second quarter, as increased same-day travel to the United States more than offset fewer overnight trips. Travel to non-US destinations was up 0.3%, its slowest pace in nearly three years.

right click the chart to save it.

Overnight travel within Canada was up as indicated by the 2.6% increase in spending on accommodation. Vehicle fuel consumption by Canadians travelling by car grew 0.5%, despite higher prices at the pump.

Spending by international visitors slips

Spending by international visitors to Canada slipped 0.1% in the second quarter, following a sharp 3.1% decline in the first. Both same-day and overnight trips from the United States were down.

The number of trips to Canada from overseas, however, increased by 3.3%, moderating the overall decline in tourism exports. Overseas visitors tend to stay longer and spend more on average than visitors from the United States.

right click the chart to save it.

Outlays by international visitors for passenger air transport (with Canadian carriers) were down 2.2% in the quarter. Spending on vehicle fuel and on non-tourism commodities such as groceries, alcohol bought in stores, and souvenirs was down, reflecting fewer visitors from the United States.

On the other hand, spending by international visitors on accommodation, food and beverage services and recreation and entertainment was up slightly.

Tourism contributes positively to GDP and job growth

Tourism contributed positively to overall economic growth as tourism gross domestic product (GDP) grew 1.0% in the second quarter of 2008. While tourism GDP outpaced economy-wide GDP (+0.1%), it has slowed in the last two quarters. The accommodation industry was a source of strength, while the transportation sector, notably rail transportation, was a source of weakness.

The number of jobs attributable to tourism edged up 0.2% in the second quarter, as job gains in the food and beverage services industry more than offset losses in the accommodation industry.

Available on CANSIM: tables 387-0001 to 387-0010.

Definitions, data sources and methods: survey number 1910.

The second quarter 2008 issue of National Tourism Indicators, Quarterly Estimates (13-009-XIB, free) is now available from the Publications module of our website.

For more information, or to enquire about the concepts, methods or data quality of this release, contact the information officer (613-951-3640; iead-info-dcrd@statcan.gc.ca),Income and Expenditure Accounts Division.

National tourism indicators Second quarter 2007 Third quarter 2007 Fourth quarter 2007 First quarter 2008 Second quarter 2008 First quarter to second quarter 2008
$ millions at 2002 prices, seasonally adjusted % change
Total tourism expenditures
Tourism demand in Canada 16,378 16,538 16,772 16,924 17,082 0.9
Tourism demand by non-residents 3,818 3,765 3,791 3,673 3,671 -0.1
Tourism domestic demand 12,560 12,773 12,981 13,251 13,411 1.2
Transportation
Tourism demand in Canada 6,055 6,080 6,185 6,272 6,301 0.5
Tourism demand by non-residents 1,057 1,051 1,066 1,027 1,019 -0.7
Tourism domestic demand 4,998 5,029 5,119 5,246 5,282 0.7
Accommodation
Tourism demand in Canada 2,537 2,589 2,621 2,646 2,698 2.0
Tourism demand by non-residents 908 893 895 856 861 0.5
Tourism domestic demand 1,629 1,696 1,726 1,790 1,837 2.6
Food and beverage services
Tourism demand in Canada 2,292 2,292 2,310 2,335 2,363 1.2
Tourism demand by non-residents 599 591 594 580 582 0.4
Tourism domestic demand 1,693 1,702 1,716 1,755 1,781 1.5
Other tourism commodities
Tourism demand in Canada 2,633 2,680 2,719 2,701 2,718 0.6
Tourism demand by non-residents 493 481 481 473 476 0.7
Tourism domestic demand 2,140 2,199 2,238 2,228 2,241 0.6
Other commodities
Tourism demand in Canada 2,860 2,897 2,937 2,969 3,003 1.1
Tourism demand by non-residents 761 750 756 737 733 -0.6
Tourism domestic demand 2,100 2,147 2,182 2,232 2,270 1.7


National tourism indicators Second quarter 2007 Third quarter 2007 Fourth quarter 2007 First quarter 2008 Second quarter 2008 First quarter to second quarter 2008
$ millions at current prices, seasonally adjusted % change
Total tourism expenditures
Tourism demand in Canada 17,586 17,758 18,232 18,582 19,048 2.5
Tourism demand by non-residents 4,077 4,023 4,091 3,960 4,000 1.0
Tourism domestic demand 13,509 13,735 14,140 14,622 15,048 2.9
Transportation
Tourism demand in Canada 6,581 6,568 6,850 7,117 7,376 3.6
Tourism demand by non-residents 1,100 1,092 1,122 1,096 1,114 1.7
Tourism domestic demand 5,481 5,477 5,727 6,021 6,261 4.0
Accommodation
Tourism demand in Canada 2,733 2,790 2,865 2,920 2,998 2.7
Tourism demand by non-residents 980 960 974 945 957 1.2
Tourism domestic demand 1,753 1,830 1,891 1,974 2,041 3.4
Food and beverage services
Tourism demand in Canada 2,579 2,614 2,659 2,687 2,738 1.9
Tourism demand by non-residents 677 674 691 666 673 1.1
Tourism domestic demand 1,902 1,940 1,968 2,020 2,065 2.2
Other tourism commodities
Tourism demand in Canada 2,743 2,806 2,868 2,859 2,906 1.6
Tourism demand by non-residents 534 525 530 510 519 1.7
Tourism domestic demand 2,209 2,281 2,338 2,349 2,388 1.6
Other commodities
Tourism demand in Canada 2,951 2,981 2,991 2,999 3,030 1.1
Tourism demand by non-residents 786 773 775 742 736 -0.7
Tourism domestic demand 2,165 2,208 2,216 2,257 2,294 1.6

New Message

Please login to post a reply

AGORACOM Quick Tips

AGORACOM 100 - The Top 100 Small Caps ... Find Your Next Investment

President's D.D.

New feature: Hub Presidents can add important links here.

Stock Quote