Travel from the US has declined. This is most likely due to the increase of the Canadian dollar which discourages travel from the US but has seen an increase of Canadians travelling to the US. The increase in the Canadian dollar has made the exchange rate higher In the US and has increased the cost for US travelers to visit Canada. So if it is true that the exchange rate is a cause of decline in US travel to Canada then the demand would be elastic.
With international travel on the other hand, the exchange rate my work in favour of travelers from other countries. Another factor may be that the economy of other nations is currently stronger than that of the US.
Other products in the travel industry that have an elastic demand would be air travel and hotels. The more visitors that arrive in Canada, the more hotels are demanded as well as flights.
Canadian Tourism Commission: http://en-corporate.canada.travel/sites/default/files/pdf/Research/Stats-figures/Tourism-performance/Quarterly%20International%20Travel%20Accounts/ITA_Q1_2010_EN.pdf
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