Travel, tourism sectors set for major recovery this year — but business spending lags

  • 📰 TorontoStar
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 55%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Canada’s travel and tourism sector is poised for a big post-pandemic rebound, according to a report from the World Travel and Tourism Council.

MONTREAL -

Last year, spending from overseas travellers bound for Canada ballooned by 64 per cent to $23 billion, the report said. Council president Julia Simpson said the trend is likely to continue, bringing the expected total this year closer to 2019’s $43 billion. The recovery from COVID-19 is far from complete, as inflation and labour shortages gnaw at profit margins and growth.

Beth Potter, who heads the Tourism Industry Association of Canada, said she expects domestic tourism spending to match pre-pandemic levels this year, but overseas visitors may not reach that peak until 2025. Business-related tourism likely won’t fully recover until 2026, she said. “Most of these businesses took on debt during the pandemic through things like the CEBA loan,” Potter said, referring to the federal government’s Canada Emergency Business Account for small businesses. The loans of up to $60,000 were interest-free, but will carry a five per cent interest rate starting Jan. 1, 2024.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 60. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Travel, tourism sectors set for major recovery this year – but business spending lagsDomestic tourism spending is expected to match pre-pandemic levels this year, but overseas visitors may not reach that peak until 2025, expert says
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »

Summer air travel, job layoff trends and Ottawa Senators sale: Must-read business and investing storiesPlus, the housing bubble is ready for a comeback
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »