Savvy Canadians are using smart savings and spending methods to make their travel plans a reality

Have will, will travel

Among those planning to travel internationally, 85% say their travel budget is either the same or has increased since last year. Only 15% indicated their travel budgets have decreased, according to Sunwing's findings.

To realize their nomadic tendencies, Canadians have found some clever strategies to save when planning to travel abroad — these methods include:

• Travelling during off-peak seasons (60%)
• Booking in advance to take advantage of early booking rates (56%)
• Looking for all inclusive vacation deals which include one upfront price that covers the full cost of the vacation (39%)
• Setting up a vacation fund (39%)

Of the 55% of respondents who are looking to book all-inclusive trips to save some extra cash, the top motivator was complimentary room upgrades (21%). Other incentives included free checked bags (17%) and the opportunity to book add-ons like off-resort experiences at a discounted price (14%).

Furthermore, Canadians looking to save for their upcoming vacations are willing to make small lifestyle trade-offs in the lead-up to their vacations, including cooking more meals at home (86%), buying fewer non-essential items (80%) and shopping for sales or using coupons (80%).

Empower your investments with Qtrade

Discover Qtrade's award-winning platform and take control of your financial future. With user-friendly tools, expert insights, and low fees, investing has never been easier.

Start Trading Today

Other key findings

When analyzing the travel inclinations of Canadians across the nation, residents of British Columbia are the most likely to trek internationally in the next year at 73%.

Meanwhile, Québec residents are incredibly value-oriented, with 84% seeking not to overpay for their vacations. This is somewhat ahead of the national average of 78%.

Survey Methodology

These findings are from a survey conducted by Sunwing Vacations from August 9-13, among a representative sample of 1,512 online Canadians who are members of the Angus Reid Forum. The survey was conducted in English and French.