New data from the Conference Board of Canada (CBoC) has found that Canadians made over 25 million outbound leisure trips last year, representing a 6.9-per-cent rise from 2016. Should this trend continue throughout 2018 – as seems likely – the market for travel insurance and ancillary services will remain healthy.
Travel to the US saw its first increase in four years, with these trips rising by a factor of 4.5 per cent in 2017. Florida was the main beneficiary, with approximately 3.5 million Canadians visiting the state, according to the CBoC. Nearly six million visits were made to Europe, meanwhile, while the Caribbean, Mexico and Central America enjoyed 5.1 million visits overall (a 5.4-per-cent rise) and Asia saw 3.3 million visits (an increase of 5.9 per cent between 2016 and 2017).
In terms of source markets within Canada, outgoing trips from British Columbia increased by 7.6 per cent in 2017 compared with 2016, while trips from Ontario, Quebec, Alberta and Yukon and NWT increased by seven per cent, 3.9 per cent, 2.5 per cent and five per cent respectively. Atlantic Canada, Saskatchewan and Manitoba, however, saw fewer outgoing trips last year compared with the year before.