Canadians Expected to Spend More on Travel in 2006
February 27, 2006
Canadians Expected to Spend More on Travel in 2006
February 27, 2006 – According to the 2006 MasterCard Purchasing Outlook, most Canadian consumers plan to spend their money on trips, technology and a trendy home in 2006.
"Canadians are hitting the spending brakes in an attempt to slow down their overall consumption, yet at the same time, they’re still intending to make some key purchases, particularly on their homes and on personal travel," Vice President, Planning, MasterCard Canada Craig Penney said. "It’s an attitude of selective consumerism that’s taking over – Canadians are willing to make purchases that will improve their lifestyle while managing overall spending carefully."
MasterCard expects consumer spending on travel and entertainment to increase in 2006. Sixty-five percent of respondents expect to do some personal travel in 2006 and more than half of those people (52 percent) expect to spend more on travel than they did in 2005. Almost four in 10 said they expect to spend the same amount this year.
The most popular travel destinations are within Canada (40 percent), the United States (30 percent), and Europe (30 percent). Sixteen percent will keep their personal travel within their home province.
According to results, those planning personal travel expect to do the following travel-related purchasing:
This national survey of 1,000 Canadians 18 years of age and over was carried out by telephone between January 19 and 22, 2006 by Decima Research on behalf of MasterCard Canada. Results are considered accurate to within plus or minus 3.1 percent, 19 times out of 20.