TInews Archive #981120175337
Date: | Fri, 20 Nov 1998 17:53:37 -0500 (EST) |
From: | TInews Announcement |
To: | tiannounce@tinet.ita.doc.gov |
Subject: | TInews: Exchange Rate Favors U.S. Resident Travel to Canada |
=== TINEWS ===================================
An information service from Tourism Industries
http://tinet.ita.doc.gov/
U.S. International Trade Administration
U.S. Department of Commerce
11/20/98
Exchange Rate Favors U.S. Resident Travel to Canada
Contact: | Tourism Industries office |
E-mail: | tinet_info@ita.doc.gov |
Web: | http://tinet.ita.doc.gov |
Phone: | (202) 482-0140, Fax: (202) 482-2887 |
Monthly U.S. resident travel to Canada for August continued its upward
climb. Travel of one or more nights by all modes garnered a 4 percent
gain, making seven out of eight months positive in 1998. Statistics
Canada notes that Americans made up 81% of all overnight trips in August.
Air travel posted a notable increase, up 12 percent, to 471,000 trips in
August. Rail travel to Canada by U.S. residents posted a 9 percent
increase in travel volume compared to the same period of the previous
year. Bus and pedestrian/other modes of entry to Canada from the U.S.
both registered declines in August, down 1 and 2 percent, respectively.
However, these are very small numbers of travelers and are subject to wide
shifts in performance.
Auto travel of a single nights* duration rose by 8 percent. Longer
duration trips, surprisingly, exhibited much slower growth, up only 3
percent, for a cumulative increase of 4 percent by this mode.
Year-to-date US resident travel to Canada rose by more than 8 percent to
10.7 million trips. Compared to the same period of 1997, this is an
increase of approximately 850,000 travelers. The American dollar was at a
record high of Cdn$1.54 compared to Cdn$1.39 for the same month of 1997.
The Canadian Tourism Commission notes "for the first eight months of 1998,
US tourists to Canada are up 8.3%, with solid increases in both auto and
non-auto entries. The story behind these numbers remains the same with
the strong US economy, the exchange rate, Open Skies and the cumulative
effort of our marketing efforts all combining to produce this increase in
US tourist visitation.*
Overseas travel to Canada is dominated by the decline in Asia arrivals to
the country. For the month of August, the depth of the Asian decline has
lessened so that arrivals are down 20 percent, compared to the first
quarter decline of 35%. However, key markets have deepened their
declines. It is also noteworthy that Canada is seeing declines from other
world regions. CTC reports *Overseas travel continues to be weak....down
7.4% in the Jan-August period. From our major markets, overnight entries
from the UK were up 4.4%; France down 9.2%; Germany down 5.9%; Japan down
16.3% and South Korea down 59.8%. For the second month in a row, Hong
Kong is recording an increase on a cumulative basis - up 7.9%. Among some
of our secondary markets, the number of tourists from Mexico are up 16.7%;
Argentina is down 7.4% and Brazil is up 1.0%.*
Outlook? Tourism Industries* forecast calls for an 8 percent increase in
US travel to Canada.
The Canada NewsWire reported *Graham Todd, managing editor of Travel
Research International, speaking at the TIAC summit, told Canadian tourism
business leaders to focus on attracting Americans in the next year, and
extend their efforts to global travellers, including those from Europe and
Japan in subsequent years. Mr. Todd predicts that global travel will
continue to expand at a rate of about 4% per year over the long term, but
he recommends that "Canada go hard for the U.S. market next year" as the
U.S. dollar is expected to buy around 6% more next year than this. In
1998, the US dollar already bought 33% more in Canada than it did in
1990.*
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For more information on Tourism Industries* Canadian Statistics program or
to view a summary table of arrivals, expenditures and length of stay by
state for 1997, please visit our web site at http://tinet.ita.doc.gov.
Monthly aggregate data on Canadian arrivals to the U.S. in through March
1998 are found on the site at Monthly Tourism Statistics, Arrivals to the
U.S., 1998, Section 1. U.S. resident travel to world regions, including
Canada, is posted in Monthly Tourism Statistics as well.
Stay tuned to the TINet website and TINews for future developments and/or
analyses of the Canadian market.
To Order from the Internet: You can order the 1997 annual report on
Canadian Travel to the U.S. from TI's website 24 hours a day. This
publication will provide in-depth analysis of the market in the past year
and also provide an historic perspective of arrivals to the U.S. In the
Market Analysis section, scroll down to the Canadian Statistics program
and click on *Most Current Publication*.
To Order by Fax: Fax 1-202-482-2887 with a written request for the 1997
annual Canadian Travel to the U.S. report. Please provide your full
mailing address (this report is too lengthy to FAX) and phone number.
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Tourism Industries, International Trade Administration
U.S. Department of Commerce, Room 1860
Washington, D.C. 20230
(202) 482-0140, fax: (202) 482-2887
e-mail: tinet_info@ita.doc.gov
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