Operated by Parks Canada, Waterton is open all year, but the main tourist season is during July and August. The only commercial facilities available within the park are located at the Waterton Park townsite. The park ranges in elevation from 1,290 metres (4,232 ft) at the townsite to 2,910 m (9,547 ft) at Mount Blakiston. It offers many scenic trails, including Crypt Lake trail. In 2012/2013, Waterton Lakes National Park had 402,542 visitors.
In 1979, Waterton and bordering Glacier National park in the US were designated as World Biosphere reserves, preserving mountains, prairie, lakes and freshwater wetlands ecosystems. Habitats represented in the parks' range include: prairie grasslands, aspen grove forests, alpine tundra/high meadows, lower subalpine forests, deciduous and coniferous forests.
The park is part of the Waterton-Glacier International Peace Park, designated as World Heritage Site in 1995 for their distinctive climate, physiographic setting, mountain-prairie interface, and tri-ocean hydrographical divide. They are areas of significant scenic values with abundant and diverse flora and fauna.