Canadian travellers told to ‘pack your patience’ as inflation, airport chaos threaten tourism industry’s rebound

“The rising cost of gas, the rising price of everything, as well as what people are seeing at our airports, is certainly having a deterring factor,” said Beth Potter, president and CEO of the Tourism Industry of Canada.

Now, would-be travellers are eyeing the ongoing chaos at Canadian airports — piles of baggage, hours-long lineups, delayed or cancelled flights — and may be planning to travel another way, or not at all. According to Google search data, searches for “travel cancellation policy” in April 2022 were up 210 per cent and travel insurance-related searches were up 100 per cent in Canada compared to April 2019.

However, she added, inflation and the ongoing capacity issues at airports have slowed that momentum a little.Meanwhile, the cost of living is going up, especially gas prices, food prices and mortgage interest rates, impacting how much Canadians have to spend on travel and leisure. Most millennials said they plan to stick to North America for their travel this year due to COVID-19 and inflation, with 25 per cent saying they plan to travel within Canada. Some 15 per cent of millennials surveyed said inflation will prevent them from travelling at all this year.

Many higher-income Canadians saved discretionary income during the pandemic and are ready to spend it, she wrote in aBut in the longer term, the rise in the cost of living could dampen the tourism and travel industry’s recovery, she said.

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Canadians told to ‘pack your patience’ as inflation and airport chaos threaten travel industry’s reboundShort-term gains might not be enough to offset long-term pains for devastated travel sector, experts fear. Thanks Trudeau Let's face it. Everything that Trudeau and his enablers had touched, had turned into a massive pile of excrement. Some piles, like irresponsible fiscal policies (QE fuelled housing and inflation) vaccine mandates, airport and passport office policy fiascoes keep on growing. So much for the 'We're all in this together'. Another well-thought-out and constructive move by my PM in his plan to resign with cause.
Herkunft: TorontoStar - 🏆 60. / 55 Weiterlesen »

Canadians told to ‘pack your patience’ as inflation and airport chaos threaten travel industry’s reboundShort-term gains might not be enough to offset long-term pains for devastated travel sector, experts fear. Thanks Trudeau Let's face it. Everything that Trudeau and his enablers had touched, had turned into a massive pile of excrement. Some piles, like irresponsible fiscal policies (QE fuelled housing and inflation) vaccine mandates, airport and passport office policy fiascoes keep on growing. So much for the 'We're all in this together'. Another well-thought-out and constructive move by my PM in his plan to resign with cause.
Herkunft: TorontoStar - 🏆 60. / 55 Weiterlesen »