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The Winnipeg Barometer Report | Volume 8, 2016 5 In addition to an increase in U.S. travel, overseas visits to Canada will see continued growth in 2016 and 2017 of 8.7% and 6.4% respectively from all world markets. Visitation from these markets is supported by an increase in direct air capacity, a weaker dollar than the U.S. and thus an even more favourable exchange rate, high consumer confidence and for Asia specifically, new visa initiatives that will aid in a faster process for travellers. Thus far in 2016 visitation from Asia is expected to post an additional 14.7% after an 8.1% growth in 2015. Overall, tourism spending in 2016 is expected to increase 6.1%, reflecting the increase in visitation by the international travel market and the expected travel prices. For 2017, tourism spending will gain an additional increase of 6.0%. The pace of spending growth is expected to rise over the medium term albeit modest for 2016 at 1.7%, stabilizing at 2.0%-2.3% over the medium term. The Conference Board generally predicts overall 2017 overnight visitation to be on pace with 2016 with overnight visits increasing 3.0%. These overnight visits were comprised of a 2.7% increase in domestic travel; U.S. travel, forecasted to gain 3.9%; and overseas travel, which will continue to see the strongest growth of 6.4%. U.S. VISITS TO CANADA 2016f 2017f Automobile 6.4 3.3 Plane 12.9 5.6 Other modes (bus, rail, boat, etc.) 1.4 1.5 Total 7.8 3.9 f = forecast | Source: Conference Board of Canada's annual projections. Subject to adjustments in subsequent projections. *Sourced from Statis- tics Canada Canada Overnight Travel CANADA OVERNIGHT TRAVEL 2015e 2016f 2017f Total (overnight person-visits, 000's) 134,339 2.6 138,288 3.0 142,495 3.0 Domestic 113,620 1.9 115,599 2.0 118,725 2.7 Business 8,391 0.6 8,533 1.2 8,737 2.4 Leisure 44,893 2.6 45,793 2.3 47,254 3.2 United States 13,600 9.9 14,960 7.8 15,544 3.9 Overseas 7,119 5.5 7,730 8.7 8,226 6.4 Total Expenditures (overnight visits C$ millions) 46,462 4.3 49,378 6.1 52,356 6.0 Travel Price Index 0.71 1.66 2.29 e=estimate f = forecast; | Note: Italics represent percentage change | Sources: The Conference Board of Canada; Statistics Canada