Canada Vacation Rental Market Continues to Grow

by Richard D'Ambrosio


Canadian spend on vacation rentals with CanadaStays, a  vacation rental marketplace, more than doubled in 2017, while the number of trips booked through their platform increased 74 percent as more Canadians look to alternative accommodations, the company said.

The value of trips taken grew from (CAN) $11 million in 2016 to more than $24 million in 2017, with larger group sizes and longer stays contributing to an 11 percent increase in average trip cost.

CanadaStays believes that much of the increase was fuelled by the rise in “staycations” for Canada's 150th birthday last year. A weak Canadian dollar also contributed to more domestic bookings.

According to CanadaStays, the average trip grew from four to five nights, and it reported an 11% increase in American visitors to vacation rental properties throughout the country. Booking trends indicate that summer trips were booked 40-60 days before the date of travel, while winter bookings were made much earlier, 80-100 days in advance.

The company reported that 2017's most popular Canadian destinations included major cities like Toronto, Montreal and Vancouver, but also featured many smaller destinations, including Blue Mountain, the Kawarthas and the Muskoka region in Ontario; Kelowna, Victoria and Canmore in Western Canada, and Mont Tremblant, Quebec.

  1
  1
Tip of the Day
Daily Top List

Travel Tricks Every Entrepreneur Needs to Know

1. Have a System for TSA Security.

2. Prepare Electronics for Continuous Work.

3. Pack for Success.

4. Plane Etiquette.

5. The Best Credit Cards for Travel.

Source: Forbes

TMR THIS WEEK
http://services.travelsavers.com/AMGService.svc/REST/GetImage?ImageID=45d3fb43-bb5a-e811-ba59-782bcb66a2f2

How Travel Agents Can Stay Relevant When the World Thinks They're Not

Sponsored by Travel Planners International

Stop trying to change consumers' perceptions of what a travel agent is or does. Instead, focus on changing the perspective of who you are.

TMR Recommendations
Top Stories
ACTA/Air Canada Awards Honor Exceptional Travel Agents
ACTA/Air Canada Awards Honor Exceptional Travel Agents

Travel MarketPlace East attendees join in honoring travel professionals who represent excellence and serve as positive role models for the industry.

Email Marketing 101: What You Should Know About Subject Lines, From Lines, and More
Email Marketing 101: What You Should Know About Subject Lines, From Lines, and More

Email has the highest return on investment of any form of marketing — for every $1 spent on email, you get about $38 back. Learn here how to use it successfully.

Agents Encouraged to Put Education into Practice as Travel MarketPlace East Opens
Agents Encouraged to Put Education into Practice as Travel MarketPlace East Opens

TMP celebrates its fifth year in Toronto bringing travel agents and suppliers together for networking and professional development.

Montreal Hones Its Tourism Marketing Strategy
Montreal Hones Its Tourism Marketing Strategy

Combining computer technology with old-fashioned hospitality, Montreal is intent on growing its annual overnight hotel stays by 1.5 million in the next five years.

Why Some Travel Agents Ask for Budgets Up Front
Why Some Travel Agents Ask for Budgets Up Front

Never be the first to quote a number, expert negotiators say. But when it comes to travel, sharing your number with your agent ensures the best possible vacation.

EU's New General Data Protection Regulation Will Impact U.S. Travel Agencies
EU's New General Data Protection Regulation Will Impact U.S. Travel Agencies

Every travel agency must decide for itself whether the new rules are so costly to implement that the agency is better off declining to do business with travelers who reside in the EU.

News Briefs
TMR Report Cards
Advertiser's Voice
Advertiser's Voice: Norwegian Cruise Line