The Winnipeg Barometer Report | Volume 8, 2016 3
Barometer Report
Highlights
Canada's travel market, according to the Conference Board of Canada is forecasted
to have stable growth in 2017.
According to the Conference Board of Canada's forecast, total overnight visitation
for Winnipeg is projected to increase 3.3%. Domestic travel is expected to increase
3.1%, including 4.4% in business travel and 3.3% in leisure travel. In 2017, U.S.
travel is expected to have modest growth of 4.3% and overseas visits continues to
grow at 5.6%. The projected increase in visitation will receive added stimulus from
hosting the 2017 Canada Summer Games as well as four other citywide sporting
events and 12 citywide meetings and conventions.
Over the medium term, new developments such as the Manitoba Museum's
$19-million gallery renewal project—part of the Museum's larger $160-million
Capital Renewal Vision, the Winnipeg Art Gallery's $60-million Inuit Art Centre, the
Assiniboine Park's $70-million Diversity Gardens—the final phase of its $200-million
Imagine a Place redevelopment, and True North Square development (including a
hotel and retail space) will benefit future tourism and continue to raise Winnipeg's
profile as a travel destination.
