Banff & Lake Louise

2024 Annual Report

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Land Acknowledgement
Banff & Lake Louise Tourism is committed to walking a journey of truth and reconciliation. We recognize that this is a continuous process, and we are eager to learn how to be better allies and friends of Indigenous Peoples.

We believe it is crucial to create opportunities for listening, contemplation, as well as actively contributing to a future founded on principles of equity, respect, and inclusivity. We are determined to be a part of this journey towards a more just future alongside Indigenous Peoples.

In partnership with the Town of Banff and Parks Canada, we continue to foster meaningful and respectful partnerships while operating on the traditional territories of the Nations of Treaties 6, 7, 8, and in Métis homelands. We are headquartered in Banff, the ancestral territories of the Îyârhe Nakoda bands of Chiniki, Bearspaw, and Goodstoney, the Niitsitapi of the Blackfoot Confederacy consisting of the bands Siksika, Piikani, Kainai, the Dené of Tsuut'ina Nation, and the Métis Nation.

We strive to actively involve and collaborate with our partners to ensure that we are working together to protect and promote the cultures and natural heritage of these lands. With that, we also acknowledge and honour the Ktunaxa and Secwépemc First Nations, the Peoples and Nations of Treaties 6, 7, and 8, and all Indigenous Peoples now living here in relationship with this sacred land.

We want to help create a better future alongside Indigenous Peoples. Elevating Indigenous tourism is an important commitment to envisioning the destination's future. In 2024, we completed our Indigenous Tourism Strategy through constructive engagement with Indigenous tour operators, First Nations communities, elders, and partners. This strategy will guide our work for years to come as we take meaningful steps along the Indigenous Connections Trail, towards the destination’s vision to Lead Tourism for Good.

In a fast-moving world, it’s important to take a moment to pause and reflect. As we look back on 2024, we're struck by the beauty of this place, and the community that brings it to life. Banff and Lake Louise continue to inspire awe, both in visitors from around the world – and in those of us who welcome them here.

This was the first year of our Three-Year Framework, a roadmap to help realize the shared aspirations of Lead Tourism for Good. As your Destination Marketing Organization, we focused on four key objectives: 1. Protect Summer Revenue, 2. Generate Demand for Overnight Stays in Winter, 3. Champion the Visitor Experience, and 4. Shepherd the 10-Year Vision. Throughout the year, we laid strong foundations, deepened relationships, and launched initiatives designed to serve the destination well into the future.

Summer performance was strong. We took a values-led approach, aiming to increase the value of visitation without increasing volume. Our campaigns targeted Perspective Seekers – travellers whose preferences and behaviours align with our Destination Values of Nature, Hospitality, and Curiosity. In 2024, Perspective Seekers proved even more likely to recommend the destination than the average visitor, consistently returning a higher Net Promoter Score. Marketing to this receptive, high-intent audience helped drive summer Revenue Per Available Room (RevPAR) $410.92, outperforming our goal by 9.4%. Our Transportation Shift campaign, in partnership with Parks Canada and the Town of Banff, helped drive increases in transit use across the park, and a reduction in personal vehicle use.

Winter continues to present both challenges, and the destination’s greatest opportunity. While winter occupancy remained below target at 54% versus our goal of 60%, we saw encouraging improvements in Average Daily Rate (ADR) and RevPAR, with ADR surpassing $400 for the first time. Our Winter campaigns delivered a remarkable 34,722 conversions against a target of 25,000, setting the stage for growth in 2025 and beyond.

Our events portfolio delivered tremendous value, generating an estimated $20 million in direct business sales over the year, with winter events accounting for approximately $16 million of this impact. From the viral success of Skijoring to the growth of In Search of Christmas Spirit, our calendar of events created compelling reasons for visitation during the destination’s need periods.

We are particularly excited by the work we have done to create a basis for future success. We launched our fantastic new Member Portal, putting valuable data, insights, and resources in the hands of our members to help enhance marketing, operations, and offerings. We developed our Indigenous Tourism Strategy through extensive consultation with Indigenous communities, which we have begun implementing in 2025. Similarly, we completed our experience development research to identify future opportunities. Knowing that overnight visitors benefit our whole member base, we launched our Lodging Sector Marketing Program to help convert more demand, with 95% of eligible properties participating by year-end.

The destination's Net Promoter Score (NPS) for the year was 70, slightly below our target of 72. While this remains a strong result compared to many destinations, it highlights the ongoing need to address concerns and manage expectations in relation to topics like traffic and parking. These challenges remind us of the importance of our collaborative work on Lead Tourism for Good.

We are deeply grateful to our members, partners, and community for your engagement and support. Your own sustainability and community initiatives, your commitment to delivering exceptional experiences, and your collaboration with us, have been invaluable contributions to our shared success. Looking ahead, we're excited to build on what we established in 2024. Together, we’ll continue to shape a destination where tourism benefits our community, respects our environment, and delights our visitors, for generations to come.

Forehead, Plant, Smile, Building, Window, House, Beard
Handwriting

Shawn Birch
Board Chair

Human body, Outdoor recreation, Smile, Snow, Glove, Tree, Sleeve, Gesture, Freezing, Jacket

Leslie Bruce
President & CEO

Letter From the Chair, and President & CEO

Protect Summer Revenue

Our 2024 Business Plan outlined three key strategies to protect summer revenue: 1. Attracting values-aligned guests who stay longer and do more; 2. Targeting in-destination visitors to experience more; and 3. Promoting responsible visitor behaviour. We delivered on these through optimized marketing campaigns, effective visitor services, and strategic partnerships that led to exceptional results.

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Optimizing our Summer Campaign

We redefined our campaign conversion strategy to focus on high-intent actions that signal a strong intent to visit the destination — such as engaging with our Trip Builder to plan an itinerary, or taking steps toward booking with a member business. This shift resulted in 34,715 conversions, more than double our target of 15,228. By targeting values-aligned visitors who would stay longer and do more, our goal was to grow the value of summer visitation without increasing overall volume. This focused approach helped drive summer Revenue Per Available Room (RevPAR) to $410.92, exceeding our goal by 9.4%.

Elevating Summer Through Activations

Engaging experiences helped enrich the summer experience, and encourage visitors to explore a little further. In its fifth year, our Art in Nature Trail featured over 65 curated works by Indigenous and settler artists along the Bow River pathway. This delightful self-guided experience encouraged exploration beyond the town centre, helping to reduce congestion. Visitors who experienced the trail gave the destination an average Net Promoter Score of 80 — 11 points higher than the destination average during the same period.

We also supported the Banff Marathon, which draws participants from over 30 countries, and aspires to be one of the greenest events of its kind. With a full weekend of programming, it generated over $6 million in business sales, reinforcing the value of hosting globally appealing events that align with our destination values.

Planning Ahead Pushes Park Pass Sales

We enhanced the user experience and messaging for our online Park Pass sales, resulting in $6.5 million in annual sales – 36% above full-year estimates – and generating $1.4 million in commissions for BLLT. This success reflects the success of our "Plan Ahead" messaging and improvements to the online purchase experience, encouraging visitors to prepare for their trip before arrival and streamlining entry to the park.

Generate Demand for Overnight Stays In Winter

Our winter strategies focused on extending the winter season, strengthening the destination's collective marketing impact, attracting values-aligned guests for mid-week or extended weekend stays, and positioning Banff and Lake Louise as a leading incentive destination. Our comprehensive approach included targeted marketing campaigns, an optimized events portfolio, strategic partnerships, and new programs that collectively delivered impressive results despite challenging market conditions early in the year.

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Winter Campaign Success

Our winter campaigns used data-driven approaches and compelling creative to attract high-intent visitors. We reached values-aligned travellers through platforms like Google, Meta, Pinterest, and YouTube, and tested innovative tactics to amplify influencer content. Conversions were defined as high-value actions that indicate strong intent to visit, such as using our Trip Builder, bookmarking experiences, or clicking to book with a member business. The campaign delivered 34,722 of these high-intent conversions, exceeding our target of 25,000. The Trip Builder is designed not only to convert demand, but also expand length of stay, and total spend.

Events Drive Measurable Economic Impact

Winter events contributed over $13 million in economic impact – close to 70% of the annual total. Christmas programming alone generated close to $10 million in direct business sales, up $2.8 million year-over-year, and nearly 12,000 room nights. These figures were calculated using the Destinations International Event Impact Calculator (EIC) — the same tool used by Travel Alberta, Destination Canada, and tourism organizations across the country — ensuring consistency and credibility in the way we report economic impact.

Our signature SnowDays festival, generated just over $2 million in direct business sales with more than 3,200 room nights. The Skijoring show was particularly successful, sparking viral social media engagement: 2.7 million TikTok and 2.4 million Instagram views. SnowDays has become a key driver of winter visitation, creating excitement and awareness that extends well beyond the actual event dates. By creating compelling reasons to visit during traditionally quieter periods, our events portfolio played a key role in extending the winter season and driving meaningful economic value for the destination.

Christmas Events Drive Visitation

We enhanced our Christmas events portfolio to drive winter visitation, with particular success from our signature events. In Search of Christmas Spirit grew to 17,527 attendees (up 15% year-over-year), of whom 86% were visitors and 56% stayed overnight, generating $3.1 million in direct business sales and 4,443 room nights. We expanded the Santa Claus celebration to a two-day format, attracting over 4,000 attendees and generating $568,125 in direct business sales.

We also supported high-impact third-party events, helping to extend the season and enhance the destination's winter appeal. The Banff Christmas Market generated more than $6 million in direct business sales, and over 6,700 room nights. The Market extended to a fourth weekend, adding a free locals night before opening weekend. Attendance grew 55% year-over-year to 37,305, making it the highest attended event in the portfolio, with room to grow even further.

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Joint Marketing Agreements Deliver Strong Results

We partnered with tour operators in our priority markets through Joint Marketing Agreements — co-operative campaigns that promote Banff and Lake Louise to high-intent travellers already planning their trips. Our targets included the US, Canada, UK, Australia, Germany, France, Mexico, and others. The agreements allowed us to match partner investments and amplify destination messaging, while directly featuring our member businesses, from accommodations to experiences.

In 2024, we executed 54 of these agreements, generating over 117,000 potential room nights and more than $68 million in potential destination revenue. These results exceeded annual targets by 37% for room nights and 13% for revenue. Most agreements focused on driving winter demand by targeting values-aligned visitors who stay longer, explore more, and contribute meaningfully to the local economy. These partnerships remain one of our most effective tools for connecting members with high-value travellers and growing sustainable tourism.

Generating High-Value Leads to Members

Our work in Business Events delivered 459 leads to members throughout the year, with $320 million potential economic impact, 148% of our target. Half the leads were incentive-related and 55% contributed to winter demand, reflecting our strategic focus. We also successfully hosted Destination Canada’s prestigious Incentive Canada Winter Edition. Our momentum was fueled by an ambitious year of activity, including 27 in-market shows, more than 3,100 trained buyers, and over 700 buyers hosted in-destination. These efforts positioned the destination for continued growth in 2025 and beyond.

Lodging Sector Program To Strengthen Overnight Demand

We launched the Lodging Sector Marketing Program to amplify our collective efforts in generating high-value visitation. The program is designed to support the businesses best positioned to convert interest into overnight stays — a critical factor in creating benefit across the destination. Visitors who stay one or more nights tend to spend more overall, supporting not only accommodations, but also restaurants, retail, attractions, tours, ski, and services. By year-end, we had achieved strong traction, with participation from eligible properties accounting for 95% of the planned spend. As the program evolves, it will play a key role in helping turn demand into extended visitation, benefitting our entire member base.

Champion The Visitor Experience

To champion the visitor experience, we focused on three key strategies: enabling members and partners to elevate the visitor experience; bringing the visitor's perspective to key initiatives; and making it easy for visitors to connect with us. Our multi-channel approach to visitor services, combined with strategic research and member support initiatives, helped deliver exceptional experiences that reinforced our reputation as a world-class destination.

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Visitor Services Excellence

We conducted more than 93,000 visitor engagements throughout the year, achieving a 98% satisfaction rating on Live Chat and maintaining high Google ratings for our visitor centers. Our team helped visitors navigate the destination, connect with member businesses, and make the most of their stay through in-person, phone, and digital channels including WhatsApp and LiveChat. This multi-channel approach made it easy for visitors to connect with us at every stage of their journey.

Ambassador Program Benefits Visitors and Community

We delivered 171 Ambassador Program sessions to 4,144 participants. The program was highly rated by attendees, who returned an impressive Net Promoter Score of 91 . This award-winning program equipped frontline staff with knowledge and insights to enhance visitor experience, while also providing them with free access to $1,400 worth of experiences each. New for 2024, we updated program content to better align with Lead Tourism for Good, including information on Indigenous history and waste reduction.

Investing in Future Experience Development

We completed comprehensive research to identify opportunities to enhance existing experiences and develop new ones that will meet the needs of our priority audience of Perspective Seekers. This work, conducted in partnership with industry experts, brings the visitor's perspective to our future planning and will help drive demand, particularly in winter. The results will inform experience development initiatives in 2025 and beyond.

Shepherd the 10-Year Vision for Tourism

Shepherding Lead Tourism for Good required a collaborative approach and strategic leadership. Throughout 2024, we laid the groundwork to measure and advance progress on the Vision. The Lead Tourism for Good Steering Committee—comprising representatives from BLLT, the Town of Banff, and Parks Canada—met regularly to guide destination-wide efforts. Together, they finalized the committee’s Terms of Reference, collectively prioritized strategies within each Trail, agreed on a measurement framework, and provided input on communications initiatives.

We also hosted workshops and advisory group meetings to engage members and partners in the Vision’s implementation. These governance structures and engagement efforts are essential to ensuring alignment and coordinated action across the destination as we move to realize the Vision.

Community Wellbeing

Community Impact Program Growth

The innovative Community Impact program puts prepaid cards in the hands of business and incentive travelers, encouraging local spending while also benefiting charitable causes through the Banff Canmore Foundation. We expanded the Community Impact Program, with 12 organizations participating in 2024, supporting nine different charities and securing more than $400,000 in direct economic impact to the destination.

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DEI Strategy Implementation

Working with Canadian Equality Consulting, our Diversity, Equity, and Inclusion Committee worked to level up BLLT's DEI maturity, cultivating belonging, connection, and purpose amongst our team. This initiative reflects our commitment to lead by example, creating an inclusive workplace that values diverse perspectives.

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Taking Pride In Our Community

We supported the Banff Pride Festival, which featured 37 events with strong community and visitor engagement. Ticketed events tracked 2,632 attendees, 54% of whom were visitors, and the event achieved an impressive Net Promoter Score of 87. With 85 local businesses participating, the festival demonstrated strong community support and created a welcoming and inclusive environment for all.

Shifting Visitors Into Park Mode

Our Transportation Shift campaign, in partnership with Parks Canada and the Town of Banff, helped to reduce vehicle traffic at town entrances by more than 17% year-over-year, increase Parks shuttle usage by close to 8%, and Roam Transit ridership by more than 11%. The campaign, with the concept “Shift Into Park Mode,” supported our strategy to promote responsible visitor behaviour, reduce pressure on the community, and enhance the visitor experience, by reducing congestion. We stored more than 4,000 bikes at our free Bike Valet service in Banff, and made more than 65,000 transportation recommendations to visitors over the course of the year. These efforts demonstrate our collective commitment to sustainable tourism and the goals of Lead Tourism for Good.

Nature Positive and Climate Action

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Global Destination Sustainability Index Participation

We completed submissions to the Global Destination Sustainability Index (GDSI), working in collaboration with the Town of Banff, Parks Canada, and members to establish a meaningful, internationally recognized measurement of our collective progress toward sustainability. This process helps us identify areas for improvement and benchmark our performance against other destinations worldwide.

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Strategy Informed by Indigenous Communities

We completed development of a thorough Indigenous Tourism Strategy, thanks to extensive consultation with Indigenous communities and stakeholders. This strategy will guide our work on the Indigenous Connections Trail of Lead Tourism for Good, helping to nurture meaningful relationships and support the development of authentic Indigenous tourism experiences in the destination.

To ensure the strategy reflects the voices and aspirations of Indigenous partners, we worked closely with Moccasin Trails and Stormy Lake Consulting to lead a meaningful engagement process. This included interviews and community discussions with the Îyârhe Nakoda Nations, Tsuut’ina Nation, Blackfoot Confederacy, Ktunaxa Nation, Secwépemc First Nation, Rocky View Métis District, as well as Indigenous tourism operators. We held an open house and roundtable workshop attended by Indigenous and non-Indigenous participants, and engaged with Indigenous Tourism Alberta and Parks Canada. This collaborative approach helped build the foundation for a strategy that honours Indigenous perspectives and prioritizes long-term partnership and shared benefit.

Indigenous Connections

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Supporting Cultural Awareness Initiatives

We expanded our commitment to deepening our members’ and partners’ understanding of Indigenous cultures, histories, and perspectives. We co-supported two Indigenous Cultural Awareness workshops for members, delivered by Indigenous Tourism Alberta in partnership with the Fairmont Banff Springs. The sessions welcomed 83 participants, and received positive feedback for their impact and relevance.

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Elevating Indigenous-Led Events

We sponsored the 5th annual Banff Iiniskim Cross-Cultural Powwow at the Fenlands Banff Recreation Centre, which welcomed approximately 1,000 attendees. We also supported the Mînî Hrpa Indigenous Cultural Centre popup, creating opportunities for visitors and residents to experience Indigenous culture in authentic, community-led ways through song, dance, and other cultural expressions.

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Launch of the Member and Board Portals

We developed and launched major digital infrastructure providing members with insights, data, resources, and content to enhance marketing and operations. The Member Portal offers a seamless, engaging one-stop resource for businesses, while the Board Portal provides Directors with additional tools to support their governance role. By year-end, 232 member businesses and partners had been onboarded to these valuable platforms.

Smart Tourism

Strengthening Our IT Infrastrucure

We built a stronger foundation for our IT practices through several key initiatives. We established our Digital Code of Conduct and secured Cybersecurity Insurance. To enhance our security posture, we deployed Microsoft Defender, implemented Multi-Factor Authentication organization-wide, and conducted our first cybersecurity awareness training program. These coordinated efforts have significantly strengthened our digital infrastructure and prepared our team to effectively manage potential security threats moving forward.

Financial Systems Modernization

We implemented a new cloud-based financial platform that streamlined our processes and enhanced operational efficiency. This modernization improved our financial reporting capabilities, reduced manual processing, and will help provide better insights to support decision-making throughout the organization.

Corporate Scorecard

Key Performance Indicator (KPI)

2024 Goal
2024 Actual
Revenue Per Available Room

$271

$284

Average Annual Occupancy

68%

65%

Summer Occupancy (May-Oct.)

75%

76,7%

Winter Occupancy (Jan.-Apr., Nov.-Dec.)

60%

54%

Average Length of Stay

2.5 days

1.9 days

Net Promoter Score

72

70

Admin Costs as a % of Total Expenditures

<12%

11.2%

Lead Tourism for Good Metrics Established

Complete

Complete

Advance BLLT DEI Strategy

Complete

Complete

RevPAR
RevPAR exceeded target, driven by strong Average Daily Rate (ADR) performance, particularly during summer months. For the first time, annual ADR surpassed $400, reaching $407.
Overall Occupancy
Overall Occupancy fell short of target, primarily due to weaker winter performance in the first four months of the year. However, summer occupancy exceeded expectations at 76.7%.
Average Length of Stay
Average Length of Stay remained below target at 1.9 days. While we are reviewing the methodology for this metric, our efforts to encourage longer stays through Trip Builder usage and targeted marketing to long-haul markets are expected to yield improvements in 2025.
Net Promoter Score
Net Promoter Score was slightly below target, consistent with 2023 results. Analysis indicates that parking, transportation, and value for money remain primary concerns for visitors. Notably, our priority audience, Perspective Seekers, consistently returned a higher NPS (83) than the destination average (70).
Administrative Costs
Administrative Costs were well within target, reflecting our commitment to fiscal responsibility and operational efficiency.
Lead Tourism for Good Metrics
Lead Tourism for Good Metrics were successfully established, as we developed a comprehensive approach to measuring progress against the 10-Year Vision.
DEI Strategy
DEI Strategy implementation was completed, enhancing our organizational effectiveness and supporting our commitment to lead by example.

Financial Information

Statement of Operations for the period January 1 to December 31, 2024

Revenues

Financial Contributions

Other Revenue

$ 14,024,084

2,928,593

Total Revenues
16,952,677
Expenditures

Marketing

Destination Development

Finance and Operations

10,185,363

5,032,790

1,878,932

Total Expenditures
17,097,085
Excess (Deficiency) of Revenue over
Expenditures before Other Items


(144,408)

Other Items

91,811

Excess (Deficiency) of Revenue
over Expenditures


$ (52,597)

Note:
This statement is abbreviated. For the complete audited statement please contact our Manager, Governance and Corporate Operations at asmithhay@banfflakelouise.com

Accountability
We are committed to transparency. Disclosing how funds collected from our members are spent instills confidence that we have the best practices in place. To ensure accountability, an Audit and Finance Committee, consisting of three Board members reviews and approves financial reporting and retains an external auditor. Our financial statements are audited annually.
Thank You

A heartfelt thanks to our members, partners, and community for your continued support throughout 2024.

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This first year of our Three-Year Framework has established a strong foundation for future growth, and we are excited to build on these achievements in 2025.

We are grateful for everything you have done to help the destination move along its Trails to Tomorrow, towards the sustainable future envisioned in Lead Tourism for Good. Many of your phenomenal efforts and initiatives are captured in our Stories from the Trails. In addition, your engagement in our advisory groups, participation in workshops, feedback on initiatives, and commitment to delivering exceptional experiences have been invaluable in our collective pursuit of a more sustainable and prosperous destination.

As we look forward, we remain committed to our values-led approach, targeting Perspective Seekers who share our appreciation for Nature, Hospitality, and Curiosity. Together, we are creating a future for tourism which benefits our community, respects our environment, and delights our visitors.