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Inflation sends Canadian travel prices skyrocketing

Inflation sends Canadian travel prices skyrocketing

DAY

Want to travel to Canada this summer? It will surely be necessary to plan a larger budget for your vacation. Inflation, which has not slowed since the start of 2022, is hitting the travel sector hard.

Prices for traveler accommodation have indeed skyrocketed since 2021, according to the most recent report on Statistics Canada's Consumer Price Index, which measures inflation.

Across the country, costs increased by 40.2% between May 2021 and May 2022, but inflation is particularly affecting hotels in Ontario (56.8%) , British Columbia (43.2%) and Nova Scotia (41.8%).

If you prefer to stay in La Belle Province for your holidays, be aware that prices for traveler accommodation have increased by 33.8%. Thus, you will pay $134 this year for a room that would have cost you $100 at the same time last year. 

The lifting of COVID-19 restrictions has led to a surge in demand as people start to travel again, says Statistics Canada. These increases could replenish the coffers of the hotel sector, which has been particularly hard hit by the pandemic.

Restaurants also affected

Not only will you be accommodated costs more, but eat too. If prices in restaurants have increased by 6.8% since last year in Canada, in Quebec, where closures caused by sanitary measures have been numerous and of long duration, we are talking about an increase of 8.4 %. The rising cost of many foods, the shortage of labor and the increase in demand are to blame.

For travelers who would like to take the plane, the low prices observed during the pandemic are a thing of the past. Since 2021, air travel prices have increased by 11.6% in Canada. 

After two years of bad business, airlines do not consider themselves able to withstand the phenomenal increase in fuel prices caused by the war in Ukraine. Tour operators therefore pass on these costs to travellers, who return en masse with the lifting of health measures. 

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