Destination Canada has released an updated Visitor Demand Forecast (November), attached below. A couple key takeaways for your convenience:
- It will take longer than originally anticipated to return to 2019 tourism levels. Forecasts are stretching to 2026.
- If the national border is closed, Canadians travelling domestically instead of abroad will be key to offset losses.
- The domestic market is expected to recover by 2022 in all scenarios, this is good news for PEI. The US and other International visitors makeup approximately 10%-12%of our traditional market. This is contingent on COVID-19 remaining under control following the second wave.
- The Canadian economy as a whole is anticipated to rebound to 2019 level by mid-2021.
View full forecast HERE