Comment 86507

By Noted (anonymous) | Posted February 20, 2013 at 09:32:47

It's not just casinos. It's tourism in general.

"Canada has experienced flat-line or modest increases in visitation in recent years, and in some years, declines. Our historic reliance on the United States market – which has traditionally provided 75% of Canada’s international visitors – has proven to be particularly troubling in light of a decline of 55.5% in these customers since 2000. The loss of United States visitation and the emergence of a wider competitive spectrum have contributed to Canada’s fall from 7th place in international arrivals in 2002 to 18th place in 2011. These declines in international visits coupled with the near-doubling of the spend for Canadians travelling outside the country has contributed to Canada’s ballooning travel deficit. Standing at almost $16 billion at the end of 2011, this number has increased six-fold over just the past decade.... Canada’s travel deficit, almost $16 billion at the end of 2011, has increased six-fold over just the past decade. Flat line international inbound travel spending has been offset by a near doubling of the spend of Canadians traveling outside the country."

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