B.C. tourism industry may be challenged with pent-up demand, economist says

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 92%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Jean-Francois Perrault said that pent-up demand for travel and leisure suggests that Canadians who saved money while under public health restrictions are likely to spend in that sector when it’s safe to do so

This translation has been automatically generated and has not been verified for accuracy.British Columbia’s battered tourism industry is poised for a strong recovery after vaccinations become widespread, but meeting that demand could be a challenge, Scotiabank’s chief economist says.

Members of the B.C. tourism sector said the next few months will be crucial for the survival of many businesses in the sector and they don’t expect a full recovery before next year. On the other hand, seasonal attractions like campsites and golf courses saw increased demand in 2020 as locals looked closer to home for getaways and should be ready for a surge.“There is a large degree of preparation, but it’s not as easy for some of the subsectors within tourism to just flick a switch and open the doors again,” Judas said.

The Crown corporation tasked with promoting domestic tourism found that without any major change in consumer spending habits, it would take five years for the industry to reach pre-pandemic levels. “We have been planning, we have been conserving cash, we have been availing ourselves of all the programs out there, maintaining equipment. We are anxious and ready to go.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This is why we should have vaccinated those that work with the public first. Would have slowed down the spread sooner & once those who are vaccinated start getting out and about there won’t be enough staff to handle the surges and protocols still in place will get in the way

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alberta didn’t consider impact of mountain coal mining on tourism industry, official saysKate White told the legislature’s Public Accounts Committee that no analysis was done about how open-pit coal mines might affect visitation in Alberta’s most popular tourism areas But they are now. HappyEarthDay I think going forward the single biggest impact on tourism will be geographic/demographic uptake of Covid-19 vaccines & the realization by the tourism industry that they will have to insist on their employees, partners & customers being fully vaccinated or accept risk of closure because all tourism industries should emulate the G&M neighborhood
Source: globeandmail - 🏆 5. / 92 Read more »