2013 BMO Holiday Travel Outlook: Vacation Spending Up 22 Per Cent; International Travel Plans Show Biggest Increase
- Canadians plan to spend $689 on holiday travel - Domestic holiday travel remains most popular
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 12/02/13 -- According to the 2013 BMO Holiday Travel Outlook, Canadians have caught the international travel bug as more plan to vacation abroad this holiday season.
The report, conducted by Pollara, found:
"The arrival of winter leads many Canadians to get away, and their plans are helped by the still-strong Canadian dollar and a relatively stable economy," said Doug Porter, Chief Economist for BMO Capital Markets. "Compared to 2012, there is a 2 per cent increase in overnight stays by Canadians outside of the country."
The report revealed the top travel destinations among Canadians this holiday season, which include:
Note: Numbers add to over 100% due to Canadians traveling to multiple destinations.
To help pay for their holiday vacation plans, 14 per cent of Canadians say they intend to travel using a rewards program.
"Planning a memorable holiday vacation means accounting for all the financial and experiential details, and leveraging loyalty programs that offer first-class benefits are another way not only to reduce costs, but also upgrade your overall travel experience," said Nick Mastromarco, Managing Director, Credit Card Products, BMO Bank of Montreal.
Mr. Mastromarco added that a flexible loyalty program, such as the BMO Rewards Program, can help enhance the overall travel experience. For instance, the offers 2 per cent back for travel on all card purchases. In addition, cardholders receive best-in-class travel medical insurance, free access to VIP airport lounges with included Priority Pass™ membership, exclusive access to once-in-a-lifetime events, dream vacation packages and other premium benefits.
BMO offers Canadians tips on how to reduce travel costs and get more out of their vacation:
The survey results cited in the 2013 BMO Holiday Spending Outlook conducted by Pollara are compiled from an online random sample of 1,000 Canadians 18 years of age and over between October 11 and October 16, 2013. A probability sample of this size would yield results accurate to +/- 2.8 per cent, 19 times out of 20.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. With total assets of $549 billion as at July 31, 2013, and more than 46,000 employees, BMO Financial Group provides a broad range of personal and commercial banking, wealth management and investment banking products and solutions.
Contacts:
Media Contacts:
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(416) 867-3996
Valerie Doucet, Montreal
(514) 877-8224
Laurie Grant, Vancouver
(604) 665-7596
Internet:
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Datum: 02.12.2013 - 11:00 Uhr
Sprache: Deutsch
News-ID 321572
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TORONTO, ONTARIO
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Commercial & Investment Banking
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