Canadians Plan to Spend an Average of $3,825 on Summer Vacations: BMO Report

Canadians plan to spend an average of $3,825 on summer vacations: BMO report

A new report reveals that 62% of Canadians plan to spend the same or more on vacations and travel this summer compared to 2024, with an average budget of $3,825, which includes the cost of flights, hotels and accommodations, rentals, gas and food.

BMO Survey: Summer Travel Spending Heats Up Despite Economic Concerns - PressReach

Canadians plan to spend an average of $3,825 on travel this summer. 59% agree they are opting to travel within Canada to save money. TORONTO, July 3, 2025 /CNW/ – A special report from the BMO Real Financial Progress Index reveals concerns about the cost of living and economic uncertainty have not cooled Canadians’ summer travel plans, with 62% planning on spending the same amount or more on vacations and travel this summer compared to 2024. Nea…