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The Sleeper Pick: Alberta Tourism Is Quietly Powering the Economy

The Sleeper Pick: Alberta Tourism Is Quietly Powering the Economy

While headlines obsess over trade tensions, tariffs, and geopolitical noise, something powerful is happening in Alberta.

Tourism is thriving.

Visitor spending in Alberta reached $14.4 billion in 2024, making it one of the province’s most significant industries. And in 2025, while some sectors struggled, tourism didn’t just hold steady — it accelerated.

In fact, it may be the sleeper pick of the past year.

In the second quarter of 2025 alone, spending by non-resident visitors to Canada in Alberta surged 25 per cent year-over-year. That growth wasn’t isolated to one region. American tourists showed up. Overseas travellers returned in force. Even though the first quarter was quieter, that explosive second quarter pushed total foreign spending up 18 per cent in the first half of 2025 compared to the same period in 2024.

Zoom out further.

Compared to pre-COVID levels, Alberta is leading the country. Foreign visitor spending in the first half of 2025 was 74 per cent higher than in the first half of 2019. British Columbia followed at 50 per cent growth. Nationally, the increase was just 27 per cent.

That gap matters.

Tourism isn’t just hotels and mountain selfies. It supports restaurants, retail, entertainment, transportation, short-term rentals, and local employment. It fuels downtown revitalization. It stabilizes seasonal economies. It diversifies income streams in a province often viewed through an energy-only lens.

For Calgary real estate buyers and investors, this shift is not cosmetic. It’s structural.

A strong tourism sector strengthens rental demand. It improves small business viability. It supports hospitality, aviation, event infrastructure, and urban vibrancy. And perhaps most importantly, it adds resilience at a time when global trade remains uncertain.

Alberta’s growth story is no longer one-dimensional.

Energy still matters. Petrochemicals matter. Tech matters. But tourism — quietly, consistently, and impressively — is becoming one of the province’s most dependable growth drivers.

In uncertain times, sleeper picks outperform loud narratives.

And right now, Alberta tourism is doing exactly that.

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.