More tourists choose Alberta

THINK OUTSIDE THE BOX:  With tourism remaining an important segment of our economy, it could also encourage spending on tourism and infrastructure-related projects which is especially important because these projects create and maintain jobs.

Last week, an Alberta-based airline reported it flew a record number of passengers in May. This was led mainly by new routes of service. We know that Albertans like to travel, but are these new non-stop connections attracting more tourists to our province? With the first day of summer just around the corner, today’s Owl looks at tourism in our province.

The latest statistics show that a total of 60,394 non-resident travellers came to Alberta in March. This category of traveller includes non-Canadian residents entering our province via car, plane, train, bus, as well as other modes. As of March the number of non-resident international travellers had grown 29.1 per cent from February and by 13.4 per cent from the same month a year earlier.

Compared to this time last year, the average number of visitors has grown by about 3,500. This year, we can expect the growth in tourists to continue, especially through the summer months. With the Canadian dollar trading at around $US 0.76, more of our southern friends should continue to see our province as a cheaper destination to visit.

This year, tourism will remain an important segment of our economy. The growth in international travel to Alberta has kept demand for tourism-related industries at higher levels. As tourism continues to grow its roots across the province, it could also encourage spending on tourism and infrastructure-related projects, such as hotels and roads. This is especially important because these projects create and maintain jobs.

Nick Ford – Economist      June 14, 2016

 

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