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It's the Fourth of July​

It's the Fourth of July​

Posted on: 7/4/2018 | Author: ATB Financial's Economics + Research Team

Since many of our neighbours to the south will be celebrating today, The Owl is marking the occasion too. Today's edition focuses on our American friends and their impact on our economy, particularly when it comes to tourism.

In 2015, 829,000 Americans came to Alberta. That put them in third place on the list of non-Alberta tourists who visited that year. British Columbians took first place (1,043,000) and in second place for overnight travel, tourists from Saskatchewan (875,000). Direct tourism expenditures by our southern friends amounted to about $805 million in 2015.

The 2016 and 2017 figures are currently being tallied, but it's likely we experienced a rise in the number of American tourists over those years. The increase would be due to a weaker loonie and Canada's 150th birthday celebrations in 2017.

The anticipated rise in tourists over the next couple of years could create banner years for our province’s tourism sector and should benefit other areas as well, including the food and beverage scene and the hospitality industry.

Tourism to Alberta, graph

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