Falling US dollar will lure Canadian tourists this summer
US tourism businesses that cater to Canadians can expect more robust activity this summer in large part because of the weak dollar, predicts IBISWorld in their latest research.
“An anticipated influx of foreign tourists will boost demand for transportation, lodging and entertainment services,” the company says. It added:
“In particular, tourism from Canada, which accounts for about 40 percent of all trips to the United States by foreign citizens, will experience a stronger summer than last year due to the country’s economic recovery.”
IBIS says GDP growth of about 3 percent so far this year compares favorably with a 2.5 decline last year. The US dollar also continues to decline compared to the Canadian dollar.
The report says Japan has also rebounded since last year when its economy fell by more than five percent.
“Tourism-specific industries, such as tour operators, convention and visitor bureaus and sightseeing transportation will be obvious beneficiaries of any tourism increases,” says IBIS World experts. They predict strong growth from each of these industries this summer, noting a greater volume of international travelers will benefit the sightseeing transportation industry the most, as it bounces back from two straight years of rapid decline.
Lodging is the other natural beneficiary of increased tourism.
IBISWorld Industry Reports are used for understanding market size, competitors, drafting business plans, pitch books, benchmarking, forecasting, business valuations, litigation support, due diligence and more.
By David Wilkening
David
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Skyscanner reveals major travel trends 2026 at ITB Asia
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
In Italy, the Meloni government congratulates itself for its tourism achievements