Canada Travel Market Report 2020-2024

Summary

After experiencing a record-setting year for travel in 2019, the Canadian market faced significant downturn due to the coronavirus pandemic. Curtailed by strict mobility restrictions and the closure of its borders, the travel industry shrank by 65% in 2020. The Canadian airline sector was among the hardest hit, and packaged travel remains in flux as the segment consolidates and reorganizes. Online penetration increased and is expected to continue rising.

This Phocuswright travel research report provides market sizing, projections and key segment analysis for the Canadian travel industry through 2024.