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Entertainment/Recreation Business For Sale at 312015 HIGHWAY 6

9 HOLE GOLF COURSE plus residence. Love golf and looking to be your own boss? Look no further than this family run 9 hole course just north of Mount Forest. The property is 39 acres and includes the course, a restaurant ...

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4 Sale ID #139287      MLS® X6175120

Asking Price : $ 3,000,000

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Size (sq ft) : 0

Monthly Rent/Sq. Ft. : N/A

Lease: # Years 0 # Renewals 0

Restaurants for Sale in Canada

Retail Properties For Rent at #109 115 First AV

NEW ENERGY EFFICIENT BUILDING! Lease 1,324+/- square feet of main floor space in one of Spruce Grove's newest buildings. Ready to be built out, this unit can be designed to meet your needs! This building has optimum e ...

4 Sale ID #139319      MLS® E4346262

Asking Price : $ 32

Size (sq ft) : 1,324

Monthly Rent/Sq. Ft. : $ 32

Restaurants for Sale in Canada

Office Spaces For Sale at 1430 320 GRANVILLE STREET

Welcome to The Waterfront Centre by BOSA. This exceptional AAA office building is located in the heart of downtown Vancouver. It was designed by the highly acclaimed Kohn Pedersen Fox Architects and boasts top-notch amen ...

4 Sale ID #139331      MLS® C8052363

Asking Price : $ 1,799,000

Size (sq ft) : 894

Monthly Rent/Sq. Ft. : $ 1,799,000

Restaurants for Sale in Canada

Industrial Properties For Sale at 11491 RIVER ROAD

0.986 acres (42,950 sq ft) rare waterfront property for sale. Located on River Road between Shell Road and No 6 Road. Now has existing building. 3,000 sq ft (ground floor use as a winery retail/plant, upstairs use as an ...

4 Sale ID #139334      MLS® C8052351

Asking Price : $ 5,380,000

Size (sq ft) : 3,000

Monthly Rent/Sq. Ft. : $ 5,380,000

Restaurants for Sale in Canada

Office Spaces For Sale at 10660 156 St NW

An excellent opportunity to add or to start your portfolio.The property is a modern developed building with a Medical Clinic on the main floor and a well estsblished pharmasy on the lower level, under a Lease contract. O ...

4 Sale ID #139373      MLS® E4346324

Asking Price : $ 1,575,000

Size (sq ft) : 5,050

Monthly Rent/Sq. Ft. : $ 1,575,000

Restaurants for Sale in Canada

Retail Properties For Rent at 155 Leva Avenue

Prime retail location in Gasoline Alley available for lease. This 2,497 SF unit was formerly used as a hair salon and spa. The unit has an open concept with high-end finishing throughout. There is a large reception area ...

4 Sale ID #139440      MLS® A2059281

Asking Price : $ 20

Size (sq ft) : 2,497

Monthly Rent/Sq. Ft. : $ 20

Restaurants for Sale in Canada

Office Spaces For Sale at 17410 107 AV NW

7,700 - 15,400 sq.ft. freestanding office/retail building for sale or for lease. Current build out consists of 10-13 large offices, kitchenette, boardroom,reception, private entrance and washrooms on the second floor wit ...

4 Sale ID #139467      MLS® E4346388

Asking Price : $ 5,795,000

Size (sq ft) : 15,400

Monthly Rent/Sq. Ft. : $ 5,795,000

Businesses for Sale in Canada

Grocery Store For Sale at 1586 QUEEN ST E

3yrs + 5yrs Lease (id:39198)

4 Sale ID #139514      MLS® E6180420

Asking Price : $ 300,000

Size (sq ft) : 1,200

Businesses for Sale in Canada

Wine/Beer/Liquor Manufacturer For Sale at 11491 RIVER ROAD

Wine bottling & retail company in River Road, 3,000 sf two level building retail store on ground floor plus office space on 2/F. Profitable wine making business plus retail license ( hard to successfully applied,) sellin ...

4 Sale ID #139515      MLS® C8052430

Restaurants for Sale in Canada

Retail Properties For Sale at 1961 COMMERCIAL DRIVE

Prime corner property minutes away from Commercial Sky-train station. The property has some of the busiest walk by traffic in the Lower Mainland and 5 blocks from the busiest Sky-train station in Western Canada. This pro ...

4 Sale ID #139566      MLS® C8052377

Asking Price : $ 3,497,000

Size (sq ft) : 6,000

Monthly Rent/Sq. Ft. : $ 3,497,000

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Travel Agency for Sale

Post date: Jun 22 2020

Date: Jun 22 2020

By: Travelweek Group

Small, independent, well established

TICO & TIDS, central Ontario location

Inquiries at :

e-mail –  [email protected]

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Tags: Travel Agencies For Sale

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Travel and tourism is a dominant industry in Canada. Canadians love to vacation, so travel franchises are a profitable industry. Learn about the travel franchise industry in these facts and trends:

1. The travel and tourism industry contributed approximately $138.8 billion to Canada's GDP in 2017. The total contribution is estimated to grow to $235.5 billion by 2028.

2. Business travel accounts for nearly half of the travel market. Many of these business people rely on travel professionals to manage important aspects of their travel.

3. Cruise travel is a huge trend in the travel franchise industry. Cruise travel allows for global immersion, budget-friendly options, and unconventional travel. Per the Cruise Line International Association ’s State of the Cruise Industry Report, cruise tourism is forecasted to reach 106% of its 2019 levels by the end of 2023.

4. The internet continues to play a huge role in how travelers make decisions. Everything from booking a hotel to finding a restaurant for dinner is done online. This trend opens an opportunity for home-based travel agent franchises that specialize in online booking.

5. A travel agency or travel consultant franchise is a great opportunity for a home-based business. Because these businesses will not require a physical location, their starting and operating costs will be significantly lower than other franchises.

Major Travel Franchise Sectors

  • Travel Agency Franchises
  • Travel Consultant Franchises
  • Cruise Franchises
  • Hotel Franchises
  • Car Rental Franchise
  • Recreation and Entertainment Franchises

Top travel franchises include Expedia CruiseShip Centers, Hampton Inn, Hertz, UNIGLOBE Travel, and Yogi Bear's Jellystone Parks Camp-Resorts.

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  • Best overall
  • Best for exotic trips
  • Best for trip interruption
  • Best for medical-only coverage
  • Best for family coverage
  • Best for long trips
  • Why You Should Trust Us

Best International Travel Insurance for June 2024

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate insurance products to write unbiased product reviews.

If you're planning your next vacation or trip out of the country, be sure to factor in travel insurance. Unexpected medical emergencies when traveling can drain your bank account, especially when you're traveling internationally. The best travel insurance companies for international travel can step in to provide you with peace of mind and financial protection while you're abroad.

Best International Travel Insurance

  • Best overall: Allianz Travel Insurance
  • Best for exotic travel: World Nomads Travel Insurance
  • Best for trip interruption coverage: C&F Travel Insured
  • Best for medical-only coverage: GeoBlue Travel Insurance
  • Best for families: Travelex Travel Insurance
  • Best for long-term travel: Seven Corners Travel Insurance

Compare the Best International Travel Insurance Companies

As a general rule, the most important coverage to have in a foreign country is travel medical insurance , as most U.S. health insurance policies don't cover you while you're abroad. Without travel medical coverage, a medical emergency in a foreign country can cost you. You'll want trip cancellation and interruption coverage if your trip is particularly expensive. And if you're traveling for an extended period of time, you'll want to ensure that your policy is extendable. 

Here are our picks for the best travel insurance companies for international travel.

Best International Travel Insurance Overall

Allianz travel insurance.

Allianz Travel Insurance  offers the ultimate customizable coverage for international trips, whether you're a frequent jetsetter or an occasional traveler. You can choose from an a la carte of single or multi-trip plans, as well as add-ons, including rental car damage, cancel for any reason (CFAR) , adventure sport, and business travel coverage. And with affordable pricing compared to competitors, Allianz is a budget-friendly choice for your international travel insurance needs. 

The icing on the cake is Allyz TravelSmart, Allianz's highly-rated mobile app, which has an average rating of 4.4 out of five stars on the Google Play store across over 2,600 reviews and 4.8 out of five stars from over 22,000 reviews on the Apple app store. So, you can rest easy knowing that you can access your policy and file claims anywhere in the world without a hassle.

Read our Allianz Travel Insurance review .

Allianz Allianz Travel Insurance

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Good option for frequent travelers thanks to its annual multi-trip policies
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Doesn't increase premium for trips longer than 30 days, meaning it could be one of the more affordable options for a long trip
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Some plans include free coverage for children 17 and under
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Concierge included with some plans
  • con icon Two crossed lines that form an 'X'. Coverage for medical emergency is lower than some competitors' policies
  • con icon Two crossed lines that form an 'X'. Plans don't include coverage contact sports and high-altitude activities
  • Single and multi-trip plans available
  • Trip cancellation and interruption coverage starting at up to $10,000 (higher limits with more expensive plans)
  • Preexisting medical condition coverage available with some plans

Best International Travel Insurance for Exotic Trips

World nomads travel insurance.

World Nomads Travel Insurance  offers coverage for over 150 specific activities, so you can focus on the adventure without worrying about gaps in your coverage. 

You can select its budget-friendly standard plan, starting at $79. Or if you're an adrenaline junkie seeking more thrills, you can opt for the World Nomads' Explorer plan for $120, which includes extra sports like skydiving, scuba diving, and heli-skiing. And World Nomads offers 24/7 assistance, so you can confidently travel abroad, knowing that help is just a phone call away. 

Read our World Nomads Travel Insurance review .

World Nomads World Nomads Travel Insurance

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Coverage for 200+ activities like skiing, surfing, and rock climbing
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Only two plans to choose from, making it simple to find the right option
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. You can purchase coverage even after your trip has started
  • con icon Two crossed lines that form an 'X'. If your trip costs more than $10,000, you may want to choose other insurance because trip protection is capped at up to $10,000 (for the Explorer plan)
  • con icon Two crossed lines that form an 'X'. Doesn't offer coverage for travelers older than 70
  • con icon Two crossed lines that form an 'X'. No Cancel for Any Reason (CFAR) option
  • Coverage for 150+ activities and sports
  • 2 plans: Standard and Explorer
  • Trip protection for up to $10,000
  • Emergency medical insurance of up to $100,000
  • Emergency evacuation coverage for up to $500,000
  • Coverage to protect your items (up to $3,000)

Best International Travel Insurance for Trip Interruption

C&f travel insured.

C&F Travel Insured offers 100% coverage for trip cancellation, up to 150% for trip interruption, and reimbursement for up to 75% of your non-refundable travel costs with select plans. This means you don't have to worry about losing your hard-earned money on non-refundable travel costs if your trip ends prematurely. 

Travel Insured also stands out for its extensive "reasons for cancellation" coverage. Unlike many insurers, the company covers hurricane warnings from the National Oceanic and Atmospheric Administration (NOAA).

Read our C&F Travel Insured review .

C&F C&F Travel Insured

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Offers 2 major plans including CFAR coverage on the more expensive option
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Cancellation for job loss included as a covered reason for trip cancellation/interruption (does not require CFAR coverage to qualify)
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Frequent traveler reward included in both policies
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Up to $1 million in medical evacuation coverage available
  • con icon Two crossed lines that form an 'X'. Medical coverage is only $100,000
  • con icon Two crossed lines that form an 'X'. Reviews on claims processing indicate ongoing issues
  • C&F's Travel Insured policies allow travelers customize travel insurance to fit their specific needs. Frequent travelers may benefit from purchasing an annual travel insurance plan, then adding on CFAR coverage for any portions of travel that may incur greater risk.

Best International Travel Insurance for Medical Coverage

Geoblue travel insurance.

GeoBlue Travel Insurance offers policies that covers emergency medical treatments when you're abroad. While GeoBlue lacks trip cancellation coverage, that allows it to charge lower premiums than the other companies on this list. 

GeoBlue plans can cover medical expenses up to $1 million with several multi-trip annual plans available. It offers coinsurance plans for trips within the U.S. and 100% coverage for international trips. It also has a network of clinics in 180 countries, streamlining the claims process. It's worth noting that coverage for pre-existing conditions comes with additional costs. 

Read our GeoBlue Travel Insurance review .

AJM Global Inc GeoBlue Travel Insurance

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. A subsidary of Blue Cross Blue Shield
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Offers strong medical plans as long as you have a regular health insurance plan, but it doesn't have to be through Blue Cross
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Offers long-term and multi-trip travel protection
  • con icon Two crossed lines that form an 'X'. Multiple complaints about claims not being paid or being denied
  • con icon Two crossed lines that form an 'X'. Does not provide some of the more comprehensive coverage like CFAR insurance
  • con icon Two crossed lines that form an 'X'. Buyers who do get claims paid may need to file multiple claim forms

Best International Travel Insurance for Family Coverage

Travelex travel insurance.

Travelex Travel Insurance offers coverage for your whole crew, perfect for when you're planning a family trip. Its family plan insures all your children 17 and under at no additional cost. The travel insurance provider also offers add-ons like adventure sports and car rental collision coverage to protect your family under any circumstance. Got pets? With Travelex's Travel Select plan, you can also get coverage for your furry friend's emergency medical and transportation expenses. 

Read our Travelex Travel Insurance review .

Travelex Travelex Travel Insurance

Trip cancellation coverage for up to 100% of the trip cost and trip interruption coverage for up to 150% of the trip cost

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Options to cover sports equipment
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Option to increase medical coverage
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Can cancel up to 48 hours before travel when CFAR option is purchased
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Affordable coverage for budget-conscious travelers
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Includes generous baggage delay, loss and trip delay coverage
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Optional "adventure sports" bundle available for riskier activities
  • con icon Two crossed lines that form an 'X'. Only two insurance plans to choose from
  • con icon Two crossed lines that form an 'X'. Medical coverage maximum is low at up to $50,000 per person
  • con icon Two crossed lines that form an 'X'. Pricier than some competitors with lower coverage ceilings
  • con icon Two crossed lines that form an 'X'. Some competitors offer higher medical emergency coverage

Travelex travel insurance is one of the largest travel insurance providers in the US providing domestic and international coverage options. It offers a basic, select, and America option. Read on to learn more.

  • Optional CFAR insurance available with the Travel Select plan
  • Trip delay insurance starting at $500 with the Travel Basic plan
  • Emergency medical and dental coverage starting at $15,000

Best International Travel Insurance for Long Trips

Seven corners travel insurance.

Seven Corners Travel Insurance offers specialized coverage that the standard short-term travel insurance policy won't provide, which is helpful if you're embarking on a long-term trip. You can choose from several plans, including the Annual Multi-Trip plan, which provides medical coverage for multiple international trips for up to 364 days. This policy also offers COVID-19 medical and evacuation coverage up to $1 million. 

You also get the added benefit of incidental expense coverage. This policy will cover remote health-related services and information, treatment of injury or illness, and live consultations via telecommunication. 

Read our Seven Corners Travel Insurance review .

Seven Corners Seven Corners Travel Insurance

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Diverse coverage options such as CFAR, optional sports equipment coverage, etc.
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Available in all 50 states
  • con icon Two crossed lines that form an 'X'. Prices are higher than many competitors
  • con icon Two crossed lines that form an 'X'. Reviews around claims processing are mixed
  • Trip cancellation insurance of up to 100% of the trip cost
  • Trip interruption insurance of up to 150% of the trip cost
  • Cancel for any reason (CFAR) insurance available

How to Find the Right International Travel Insurance Company 

Different travelers and trips require different types of insurance coverage. So, consider these tips if you're in the market to insure your trip. 

Determine your needs 

Your needs for travel insurance will depend on the type of trip you're taking. You'll need to consider your destination and what you'll be doing there, either business, leisure, or adventure traveling. Policies covering adventure sports and activities will cost more. Longer, more expensive trips will also cost more. 

Research the reputation of the company 

When researching a company, you'll want to closely review the description of services. You'll want to see how claims are handled, any exceptions, and limitations.

You'll also want to look at the company's customer reviews on sites like Trustpilot, BBB, and Squaremouth, as this will provide insight on the quality of customer service and the claims process. You should also take note of whether companies respond to customer reviews.

Compare prices

You can get quotes through a company's website or travel insurance aggregators like InsureMyTrip and VisitorsCoverage. You'll need to be prepared to provide the following information about your trip:

  • Trip destination(s)
  • Travel dates
  • Number of travelers
  • Traveler(s) age/birthday
  • State of residence
  • Total trip cost

For companies that offer travel medical insurance, you'll also want to play around with the deductible options, as they can affect your policy premium. 

Understanding International Travel Insurance Coverage Options

Travel insurance can be confusing, but we're here to simplify it for you. We'll break down the industry's jargon to help you understand what travel insurance covers to help you decide what your policy needs. Bear in mind that exclusions and limitations for your age and destination may apply. 

Finding the Best Price for International Travel Insurance

Your policy cost will depend on several factors, such as the length of your trip, destination, coverage limits, and age. Typically, a comprehensive policy includes travel cancellation coverage costs between 5% and 10% of your total trip cost.

If you're planning an international trip that costs $4,500, you can expect to pay anywhere from $225 to $450 for your policy. Comparing quotes from multiple providers can help you find a budget-friendly travel insurance policy that meets your needs.

Why You Should Trust Us: How We Reviewed International Travel Insurance Companies

We ranked and assigned superlatives to the best travel insurance companies based on our insurance rating methodology . It focuses on several key factors, including: 

  • Policy types: We analyzed company offerings such as coverage levels, exclusions, and policy upgrades, taking note of providers that offer a range of travel-related issues beyond the standard coverages. 
  • Affordability: We recognize that cheap premiums don't necessarily equate to sufficient coverage. So, we seek providers that offer competitive rates with comprehensive policies and quality customer service. We also call out any discounts or special offers available. 
  • Flexibility: Travel insurance isn't one-size-fits-all. We highlight providers that offer a wide array of coverage options, including single-trip, multi-trip, and long-term policies.
  • Claims handling: The claims process should be pain-free for policyholders. We seek providers that offer a streamlined process via online claims filing and a track record of handling claims fairly and efficiently. 
  • Quality customer service: Good customer service is as important as affordability and flexibility. We highlight companies that offer 24/7 assistance and have a strong record of customer service responsiveness. 

We consult user feedback and reviews to determine how each company fares in each category. We also check the provider's financial rating and volume of complaints via third-party rating agencies. 

Read more about how Business Insider rates insurance products here.

International Travel Insurance FAQs

The best insurance policy depends on your individual situation, including your destination and budget. However, popular options include Allianz Travel Insurance, World Nomads, and Travel Guard. 

You should pay attention to any limitations regarding covered cancellations, pre-existing conditions, and adventure activities. For example, if you're worried you may have to cancel a trip for work reasons, ensure that you've worked at your company long enough to qualify for cancellation coverage, as that is a condition with some insurers. You should also see if your destination has any travel advisories, as that can affect your policy. 

Typically, your regular health insurance won't cover you out of the country, so you'll want to make sure your travel insurance has adequate medical emergency coverage. Depending on your travel plans, you may want to purchase add-ons, such as adventure sports coverage, if you're planning on doing anything adventurous like bungee jumping.

Travel insurance is worth the price for international travel because they're generally more expensive, so you have more to lose. Additionally, your regular health insurance won't cover you in other countries, so without travel insurance, you'll end up paying out of pocket for any emergency medical care you receive out of the US.

You should purchase travel insurance as soon as possible after making payment on your trip. This makes you eligible for add-ons like coverage for pre-existing conditions and CFAR. It also mitigates the chance of any losses in the days leading up to your trip. 

travel agency business for sale in canada

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Watch CBS News

CDK cyberattack shuts down auto dealerships across the U.S. Here's what to know.

By Megan Cerullo

Edited By Aimee Picchi

Updated on: June 21, 2024 / 5:15 PM EDT / CBS News

CDK Global, a company that provides auto dealerships across the U.S. with software for managing sales and other services, was shut down for a third straight day Friday after cyberattacks crippled the platform. 

The outage is disrupting roughly 15,000 car sellers that depend on CDK's dealer management software to run their businesses, including vehicle sales. Some dealership employees have resorted to pen and paper to handle transactions, but said most deals had ground to a halt. CDK has not indicated when its systems will be back up and running, but suggested the outage could last several days. 

"We are actively investigating a cyber incident," a CDK spokesperson told CBS News. "Out of an abundance of caution and concern for our customers, we have shut down most of our systems and are working diligently to get everything up and running as quickly as possible." 

CDK, which said it had restored some services on Wednesday, told CBS MoneyWatch on Thursday afternoon that its systems were again offline after it suffered another cyberattack. 

"Late in the evening of June 19, we experienced an additional cyber incident and proactively shut down most of our systems," a CDK spokesperson said. "In partnership with third-party experts, we are assessing the impact and providing regular updates to our customers. We remain vigilant in our efforts to reinstate our services and get our dealers back to business as usual as quickly as possible."

Calls to a CDK customer support hotline produced a continuous busy signal. But the company's automated recording said the outage could affect dealerships for days, according to  PC Mag . The message told callers, "At this time, we do not have an estimated time frame for resolution and therefore our dealers' systems will not be available likely for several days," the publication reported.

The message also warned callers that "bad actors" posing as CDK support staff were trying to obtain customers' credentials in what are known as phishing attacks, according to the Associated Press . 

The number of cyberattacks has been on the rise in the last year, with more than 3,200 data breaches in 2023, a 78% jump from the prior year, according to a new study from data firm  SOAX . Those breaches impacted more than 65 million victims last year, it added.

What is CDK? 

CDK's dealer management system, or DMS, lets car vendors operate their business, including handling payroll, inventory, customer relations and office operations. The technology also enables dealers to line car buyers line up with financing and insurance.

On its website, it also touts its cybersecurity capabilities. "CDK Cybersecurity Solutions provide a three-tiered cybersecurity strategy to prevent, protect and respond to cyberattacks so you can defend your dealership," it says. 

Brookfield Business Partners, a Toronto-based private equity firm, acquired the company in 2022 in a  deal  valued at more than $8 billion.

When did the cyberattack begin?

The cyberattack on CDK Global began Tuesday evening, Bleeping Computer , a cybersecurity news site, reported Wednesday, taking the 15,000 car dealerships it serves offline.  

As mentioned above, CDK said it suffered another cyberattack on Wednesday evening. It is not currently known who, or what group, is behind the cyberattacks. 

Mike Stanton, CEO of the National Automobile Dealers Association, said in a statement on Friday that "dealers are very committed to protecting their customer information and are actively seeking information from CDK to determine the nature and scope of the cyber incident so they can respond appropriately."

How are dealerships responding?

Some dealerships appeared to get creative to continue doing business during the outage. Dealership employees posted about the outage on  Reddit  Wednesday, sharing that they were relying on spreadsheets and sticky notes to sell customers small parts and make repairs, but that they weren't making any large transactions. 

One employee asked other dealership employees, "How many of you are standing around because your whole shop runs on CDK?" under the heading "CDK down," with users in Wisconsin and Colorado confirming their dealership transaction systems were offline. 

—The Associated Press contributed to this report.

Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting.

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Toronto summer tourism still recovering as international travel lags

New report says 2023 saw tourism reach close to pre-pandemic numbers, but more growth needed this summer.

travel agency business for sale in canada

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Toronto's tourism industry is still in post-pandemic recovery and projecting how the season will look is difficult even as summer officially kicks off, a leading tourism association says. 

Factors like an affordability crisis are causing travellers to book trips with less notice than they used to, making predictions difficult, according to Destination Toronto, an industry association funded in part by the city.

While people used to book trips months in advance, Destination Toronto's CEO Andrew Weir says they're now waiting until they have greater certainty of their financial situation.

One positive is the city is seeing lots of travel from within the country, but after the pandemic decimated tourism, international travel still isn't where it was, says Weir.

"A lot of our major overseas international markets are still not all the way back," he said, adding travel from the United States is also at about three quarters of what it was. 

"Toronto really is dependent on all of those engines firing at full strength and when only some of them are, then it leaves some gaps."

But things have been trending in the right direction. A report released by the Destination Toronto earlier this month said visitor volume in the city in 2023 reached within five per cent of pre-pandemic 2019 levels, while visitor spending was slightly higher than 2019. The higher dollar amount in 2023 was driven up by inflation, the report notes.

Year-over-year visitor growth was about five per cent through the first fourth months of 2024, but Weir says it's been flat through May and June so far. 

A man in a suit against a black background.

"Flat is not good right now because we're still in recovery mode. We need to be in growth mode," Weir said.

In particular, Toronto isn't seeing as many travellers from China as it used to, he says. In 2019, Toronto saw more than 300,000 Chinese visitors, but is now seeing only a quarter of that. 

Weir believes the dip in Chinese travellers can partially be blamed on  diplomatic tensions between Canada and the country. 

Hotels say business is good, tour guides see slump

On top of that, fewer people are booking walking and cycling tours than last year, says Jason Kucherawy, president of the Tourist Guide Association of Toronto.

"Trends in travel change. I think people are looking for more personalized experiences. They're looking for ways to not feel so much like a tourist," he said. 

"A lot more people are just going to cities and relying on Google to get them around and online apps to give them information. But what they're missing out on is that actual connection, the person-to-person connection."

People walk down the middle of the street in front of the main TIFF theatre

On the hospitality side, things are looking better, according to the Greater Toronto Hotel Association.

Sara Anghel, the association's CEO, said business travel has been lagging a bit but she's confident her industry will see growth this summer with Canada Day coming up, the Canadian National Exhibition in August and the Toronto International Film Festival in September. 

Looking further ahead, there's also something happening in November that should bring lots of business for hotels: Taylor Swift's the Eras tour. 

She said rooms may be hard to find downtown for that event, but people should take advantage of all the hotels in surrounding areas like Markham or Mississauga. 

"We have many, many hotels connected to our public transit," she said. 

Operators outside Toronto struggling

In other parts of the province, tourism operators are still struggling, according to the Ontario Chamber of Commerce. 

Claudia Dessanti, the chamber's director of policy, says coming out of the pandemic, the expectation was the industry province-wide wouldn't recover until 2025 and that still looks to be the case. 

"Inflation is a serious concern because the costs for [tourism] operators are going up, but the spending capacity of visitors and the economy is not keeping up," she said. "Last year we did see an uptick in spending, but still the costs are outpacing that. 

  • Ontario's tourism sector won't fully recover from pandemic until 2025, report says
  • Downtown Toronto's pandemic recovery lags behind other cities, data shows

Another challenge is that the rebound of economic activity has mostly been concentrated to the larger cities, leaving smaller places struggling, she says.

"Ontario is such a diverse province, one thing that we want to always keep front of mind is that the vibrancy of the smaller and rural communities in the province sometimes gets lost in the conversation."

ABOUT THE AUTHOR

travel agency business for sale in canada

Lane Harrison is a journalist with CBC Toronto. Born and raised in Toronto, he previously worked for CBC New Brunswick in Saint John. You can reach him at [email protected]

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