Low Canadian dollar fuelling surge in international tourism - Action News
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Montreal

Low Canadian dollar fuelling surge in international tourism

From British Columbia to Montreal, the low Canadian dollar is proving a boon to the tourism sector.

Montreal hotel bookings jumped 9 % in December

Souvenir shop owner Alexander Kiorpelidis hopes to see a rise in sales during the high season this summer. (Ryan Remiorz/The Canadian Press)

From British Columbia to Montreal, the low Canadiandollar is proving a boon to the tourism sector.

Dragged down by cheap oil and an international slump in commodityprices, the dollar is trading at around 70 cents against thegreenback and enticing Americans to travel north of the border.

"We're getting more reservations at the last minute fromAmericans planning trips for the weekend," says Eve Par, head ofthe Hotel Association of Greater Montreal.

Montreal-area hotels in December made more than $40 million, upmore than nine per cent from a year earlier, Parnoted.

Montreal sees a rise in tourism, business

The city's tourism bureau said last summer's season betweenJune and August saw a 10 per cent increase year over year in thenumber of American tourists crossing the border into Quebec.

For Katie, 20, a McGill University student from New York State,the low Canadian dollar means her tuition is "basically nothing."

On a mini-vacation with her friend Jack, 21, also from New York,the two said they were spending more than they regularly would oneating out.

"I've been taking advantage already," says Jack, standing on acorner in Old Montreal. "We're going out to nicer dinners thannormally because it means you can take off 40 per cent from thebill."

'We made a vacation out of it'

Around the corner at the Jacques Cartier Square, AdrianaCarvalho, 43, from Brazil, said she and her partner had been
planning on visiting the United States but changed their minds atthe last minute to take advantage of the dollar.

The Brazilian real is trading at 24 cents US while it's at about34 cents in Canada.

But Carvalho said the dollar wasn't the only reason they made thetrip to Montreal.

"You guys have things here we can't get in the U.S. like furs,"she said. "And we love skiing."

Alexander Kiorpelidis, who owns a Montreal souvenir shop,estimates he's had about a 15 per cent increase in the number ofAmerican tourists over the past six months, even though they aren'tnecessarily buying more of his wares.

"[This]year we're expecting a big jump," he said,referring tothe upcoming high tourist season in July and August.

Tourists, business owners are taking advantage of the exchange rates. (Ryan Remiorz/Canadian Press)

"I would like to see 25 per cent increase in sales," he said.

Ellen Graham, 25, walking down the old district's cobblestonestreets, said she is about to marry her fiance, Lance Lynch, 30, whotravelled from Florida to be interviewed by U.S. immigrationofficials.

"I came up to meet her at the consulate and we made a vacationout of it," he said. "Everything is virtually 30 per cent offhere, which is huge."