Navigating the Future: An In-Depth Analysis of Canada’s Travel Agency Landscape (2014-2029)

IBISWorld has served as a premier provider of reliable industry research for over 50 years to the most prosperous companies across the globe. With branches in Australia, the United States, the United Kingdom, Germany and China, we take pride in having local teams of analysts dedicated to conducting research, data analysis and predictions to produce evidence-based industry reports.

Our analysts begin with official, validated and publicly accessible data sources to create the most precise representation of each industry. They then apply their experience and familiarity with the local markets to integrate trends into accessible content for IBISWorld’s readers. Finally, every report is scrutinized by one of IBISWorld’s editors, who ensure quality and clarity for accuracy and readability.

IBISWorld depends on human-verified data and human-crafted analysis to compile every standard industry report. We do not employ generative AI tools for writing insights, although members have the option to utilize AI-based tools within the platform for additional analytical formats.

What data sources do IBISWorld analysts utilize?

Every industry report includes data and research from government databases, industry-specific sources, industry contacts, and our exclusive proprietary database of statistics and analysis to offer balanced, independent and precise insights.

Key data sources in Canada comprise:

• Statistics Canada
• Industry Canada
• Canadian Business Patterns

Analysts also incorporate industry-specific sources to enhance broad-spectrum sources, even though their focus may center on a specific organization or representative body, rather than a complete overview of all sector operations. However, when weighed against other viewpoints, industry-specific sources provide insights into sector trends.

These sources consist of:

• Industry and trade associations
• Industry federations or regulatory bodies
• Annual or quarterly filings of major industry players

Ultimately, IBISWorld’s international data scientists maintain a proprietary database of macroeconomic and demand factors, which our analysts employ to inform industry data and trends. They also sustain a database of statistics and analysis across thousands of industries, developed over our more than 50-year legacy, providing comprehensive insights into long-term trends.

How does IBISWorld predict its data?

IBISWorld’s analysts and data scientists utilize the aforementioned sources to generate forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may employ regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to anticipate future data for the sector or its drivers. Moreover, analysts will leverage their intimate understanding of operating and regulatory conditions in the industry to apply their best judgment to the forecasting model.

IBISWorld takes pride in being a reliable, independent data source, with more than 50 years of experience in constructing and maintaining comprehensive datasets and forecasting instruments. We are honored to be the cornerstone source of industry information for thousands of companies globally.

Discover more about our methodology and data acquisition on the Help Center.