Travel Prices Stabilize in Canada as Post-Pandemic Demand Falters
- Airlines, hotels are losing some of their pricing power
- Travel demand is stronger on international routes: TD’s Becker
Toronto Pearson International Airport in Ontario.
Photographer: David Kawai/BloombergThis article is for subscribers only.
Inflation in Canada’s travel sector is easing as the post-Covid surge in vacation spending wears off.
Air transportation costs in Canada were flat year-over-year in April, while travel accommodation prices fell 1.5%, Statistics Canada reported on Tuesday. Prices for travel tours were just 0.5% higher than a year earlier.