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Travel remains a priority for many Canadians but economic challenges have people looking for ways to save money.

A new travel survey finds 83 per cent of Canadians plan to travel in 2025, search aggregator Skyscanner said in their annual travel trends report.

Finding the best value is important with 62 per cent of Canadians saying the cost of flights is one of the most important factors.

However, as prices have increased, many travellers are budgeting the same or more for airfare in 2025 compared to last year.

Spending on accommodation and car rentals is expected to rise, with planned budget increases of 32 per cent and 15 per cent, respectively.

Skyscanner compiled a list of the travel destinations with the biggest price drops for Canadians. The price drops are based on return flights booked between Jan. 1 and June 30, 2024 compared to the same time in 2023.

Here are the top 10 destinations with the biggest price drops:

Florence, Italy (-29 per cent price drop)

Florence is a dream for history buffs and art lovers as the city is the birthplace of the Renaissance, plus it has a world-class culinary scene, Skyscanner notes.

Faro, Portugal (-28 per cent price drop)

As the gateway to the Algarve, Faro is known for its stunning coastline, breathtaking cliffs, and golden beaches appealing to Canadian travellers seeking sun and relaxation, while offering a high standard at a relatively low cost.

Bogota, Colombia (-28 per cent price drop)

Colombia’s capital is a vibrant city known for its colourful street art, world-class museums like the Gold Museum, and exceptional Colombian coffee. The historic district of La Candelaria adds charm with its colonial architecture and lively atmosphere.

Madeira, Portugal (-28 per cent price drop)

This Portuguese island is renowned for its spectacular hiking trails, beautiful natural landscapes, and rich maritime history. The island also offers delicious cuisine and exceptional wine.

Photo of Madeira, Portugal: Matthias Groeneveld

Quito, Ecuador (-27 per cent price drop)

Ecuador’s capital sits in the Andean foothills at an altitude of 2,850 metres. It is known for its well-preserved colonial centre with 16th- and 17th-century churches. From here travellers can explore the Amazon and the Galápagos.

Reykjavik, Iceland (-21 per cent price drop)

Travellers can experience the northern lights, hot springs and geysers in this Nordic country. There is also a vibrant culture, Viking history plus volcanic landscapes.

Paris, France (-20 per cent price drop)

The city of light is a classic destination for European travel. It is known for art, fashion, food and culture. Travellers can explore the 19th-century cityscape with famous landmarks such as the Eiffel Tower.

Rome, Italy (-19 per cent price drop)

Another historic spot, the capital of Italy is packed with an abundance of history, museums and attractions. Iconic sites include the Colosseum, the Roman Forum and Vatican City.

Oslo, Norway: (-18 per cent price drop)

The capital of Norway, Oslo sits on the country’s southern coast. It’s known for its green spaces and museums including the Norwegian Maritime Museum and the Viking Ship Museum, with Viking ships from the 9th century.

Barcelona, Spain: (-17 per cent price drop)

The capital of Spain’s Catalonia region, the city is known for its art and architecture. The modernist landmarks designed by Antoni Gaudí dot the city. Museums dedicated to artists Picasso and Joan Miró are also must-sees.

Skycanner commissioned a survey of over 18,000 travellers and tapped trusted industry insights to compile the report.

For more information see the full travel trends report here.

Lead photo of Florence, Italy: Mark Neal 

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