Stats say Canadians are ready to spend big on their next vacation

American Express Travel released its 2024 Global Travel Trends Report, highlighting the inspiration and trends driving global travel bookings this year.

The report reveals that Canadians rank as the second highest global market for anticipated average trip spend and are prioritizing spontaneous, bucket list, and once-in-a-lifetime vacations.

A summary of the Canadian findings from the American Express Travel 2024 Global Travel Trends Report are as follows:

  • Extended, bucket-list trips are on the rise: Canadians are looking to take longer trips compared to the global average, visiting multiple countries in a region or taking expedition/remote trips.
  • Canadians are willing to spend, unless a travel hack can help them save: Travellers are willing to foot the bill to get the most out of their trip but lean on travel hacks for cost savings and upgrades.
  • Spontaneity, solo travel and self-love drive travel desires: Canadians are leaving room for spontaneous exploration, exploring for self-fulfillment, and look to escape the chaos of daily life with solo trips.

What Canadian travellers want

One-in-three (33 per cent) Canadians planning on taking a trip in 2024 plan to travel for a major trip (e.g., bucket list trip, dream vacation) this year.

The most common types of trips Canadians consider to be a ‘dream vacation’ or major trip include multi-country tour within a region (66 per cent), expedition cruises (32 per cent), adventure travel (29 per cent), wellness retreats (23 per cent).

Among Canadians planning to take a trip to visit multiple countries in a region, 70 per cent plan on visiting Europe.

Canadians planning on taking a trip in 2024 are making the most of vacation time, with  one to two-week trips (45 per cent) and week-long trips (44 per cent) being most common, compared to week-long (47 per cent) and weekend trips (41 per cent) being most popular among global responses.

 

Canadians love savings

More than one third (36 per cent) of Canadians plan to spend more on travel compared to last year.

Globally, Canada ranks the second highest market for anticipated highest average spend for leisure trips at an average of $8,824 per trip.

Increased spend is balanced with a range of ‘travel hacks’ to save money on travel:

  • 44 per cent will travel during off-peak seasons.
  • 41 per cent will use credit card points to pay for flights/hotels.
  • 20 per cent will book through companies that offer complimentary hotel benefits (e.g. room upgrades, hotel credits)

Additionally, 85 per cent of Canadian adults agree that they are interested in finding flight deals so they can spend more on accommodations or upgrades.

The full American Express Travel 2024 Global Travel Trends Report can be downloaded here.

Share:

Facebook
Twitter
LinkedIn

Latest

This tour operator just launched a women’s only trip to Saudi Arabia

Intrepid Travel has introduced a 12-day Saudi Arabia Women’s Expedition, designed to offer an authentic and transformative travel experience while empowering women and supporting female-owned businesses in the destination.    The tour will be exclusively led by female leaders and guides, aiming to showcase a different side of the country beyond the luxury resorts and high-end offerings. Starting in Riyadh and

Two new luxury yachts join Windstar Cruises’ fleet

Windstar Cruises is expanding its fleet with the addition of two all-suite motor yachts, Star Seeker and Star Explorer. The first of the two ships, new-build Star Seeker which is currently being constructed in the WestSEA shipyard, is expected to be delivered in December of 2025, followed by Star Explorer in December, 2026.  About the ships Each ship has 112 suites, featuring full private verandas and infinity

Four Seasons private jet is offering exclusive bookings

Four Seasons has announced that its Four Seasons Private Jet Experience is available for private bookings, for a limited time, for your desired trip length between Aug. 4 to 26 and Dec. 20 to 27, 2024 only. Complete booking of the Four Seasons Private Jet for up to 48 guests staffed by 10 crew members is priced at approximately USD 115,000 per day, inclusive of all Four

Six of the hottest new hotels to check out—and into— for April

Sunnier times are ahead, and what better way to welcome spring (and look forward to summer) than dreaming up your next holiday. Fortunately, we’ve sought out some of the hottest new hotels to kickstart your planning – from a ruggedly handsome Aegean retreat to a reimagined Roman palace.   Nomad Mykonos MYKONOS, GREECE A hillside hideout far from the Mykonos