Reimagining Tourism in Alberta
Currently the province's fourth-largest export, valued higher than cattle, wheat, or wood, tourism provides a unique trade advantage, with nearly half of its revenue originating outside the U.S. compared to just 10% for other sectors. To protect the goal of $25 billion in spending by 2035, the framework calls for a "whole-of-government" approach that aligns tourism with international trade agreements, doubles its share of Foreign Direct Investment (FDI) by 2030, and uses the sector as a gateway to attract global talent and investment into Alberta’s broader energy and agricultural industries. Alberta could radically enhance its internatational competitiveness by elevating tourism from a service industry to a strategic export, utilizing it as a vital hedge against market overdependence and a front door to new markets.