Welcome!

News Feed Item

2012 BMO Holiday Travel Outlook: Majority of Canadians Heading Out of Town This Holiday Season

- Six out of 10 Canadians are planning a vacation during the upcoming holidays

TORONTO, ONTARIO -- (Marketwire) -- 12/16/12 -- A strong Canadian dollar and a relatively stable economy has fuelled Canadians' desire to get away this coming holiday season. According to the 2012 BMO Holiday Travel Outlook released today, six out of 10 Canadians (60 per cent) say they expect to travel over the winter holidays.

Furthermore, the report found:


--  Canadians plan to spend an average of $563 on travel during the holiday
    season this year 
--  While more than one-third (39 per cent) will travel within their home
    province, one-in-five (19 per cent) plan to leave the country over the
    holidays 
--  The most popular destination outside of Canada will be the United
    States, with 13 per cent of Canadians heading south of the border 
--  Those in Atlantic Canada are the most likely to travel over the holidays
    (80 per cent), with those in Quebec the least likely to travel (41 per
    cent) 
--  Travelers will be younger, with almost three-quarters (74 per cent) of
    Canadians under 30 planning to travel compared to 42 per cent of those
    65 and over 

The report also revealed the top travel destinations among Canadians this holiday season, which include:


----------------------------------------------------------------------------
Within home province                                                     39%
----------------------------------------------------------------------------
Within Canada                                                            12%
----------------------------------------------------------------------------
U.S.A.                                                                   13%
----------------------------------------------------------------------------
Mexico                                                                    3%
----------------------------------------------------------------------------
Other overseas destinations                                               8%
----------------------------------------------------------------------------

"The holiday season can be expensive for many Canadians, especially for those who plan to travel during that time," said Nick Mastromarco, Director, BMO Bank of Montreal. "Affordability remains an important factor when deciding on an appropriate vacation destination, and reward programs provide a practical and convenient way for more Canadians to take advantage of a broad array of redemption options, and upgrade their vacation experience without breaking the budget."

To help fund their travel plans, the report revealed that Canadians' use of reward points is on the rise. Two out of 10 Canadians (21 per cent) plan to travel on reward points this year, up seven per cent over last year.

To make travel more affordable this holiday season, BMO offers Canadians the following tips that will stretch their vacation travel dollars so they can get away sooner:

- Redeem points to offset vacation costs: A flexible loyalty program, such as the BMO Rewards or the AIR MILES Reward Program, lets you redeem reward currency for flights, cruises and other package holidays, train travel, hotel stays, passes to local attractions and redeem for instant savings off your fuel purchases. With BMO Rewards, if you don't have enough points to redeem for your trip, you can use what you have and then "top-up" with cash - for any amount.

- Use the credit card's travel insurance: Premium cards typically offer insurance, among other benefits. Bank of Montreal's BMO Rewards World Elite credit card provides trip interruption and/or cancellation insurance, travel medical insurance, rental car collision damage waiver coverage and other benefits such as airport VIP lounge passes and concierge service. These benefits can substantially reduce travel costs. Know and use the card features and benefits. When in doubt, call the bank's contact centre or check online for confirmation.

- Shop around for the best rewards program: Look at the value and flexibility of the program and whether it offers other perks such as travel, merchandise, cash back, financial products or charitable donation options. For example, with BMO AIR MILES World credit card customers earn 1 AIR MILES reward mile for every $15 they spend using the card and get an exclusive 25 per cent discount on the number of reward miles required to book AIR MILES flights.

- Stick to one loyalty program: Consolidate all purchases on a single card to accumulate rewards faster and reach your travel destination goal sooner. Doing this also makes it easier to track and monitor your spending.

The survey results cited above are from an online survey conducted by Pollara with a random sample of 1,000 Canadians 18 years of age and over between October 11 and October 16, 2012. A probability sample of this size would yield results accurate to +/- 3.1 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 $525 billion as at October 31, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.

Contacts:
Media Contacts:
Matt Duffin, Toronto
(416) 867-3996
[email protected]

Valerie Doucet, Montreal
(514) 877-8224
[email protected]

Laurie Grant, Vancouver
(604) 665-7596
[email protected]

Internet: www.bmo.com
Twitter: @BMOmedia

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, highlighted the current challenges of these transformative technologies and shared strategies for preparing your organization for these changes. This “view from the top” outlined the latest trends and developments i...
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, Doug Vanderweide, an instructor at Linux Academy, discussed why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers wit...
"Loom is applying artificial intelligence and machine learning into the entire log analysis process, from start to finish and at the end you will get a human touch,” explained Sabo Taylor Diab, Vice President, Marketing at Loom Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are a monitoring company. We work with Salesforce, BBC, and quite a few other big logos. We basically provide monitoring for them, structure for their cloud services and we fit into the DevOps world" explained David Gildeh, Co-founder and CEO of Outlyer, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists examined how DevOps helps to meet the de...
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...