Can the Taylor Swift effect jolt Toronto's sputtering tourism industry?

  • 📰 CTVToronto
  • ⏱ Reading Time:
  • 74 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 84%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Visitors injected billions of dollars into Toronto's economy last year, a new study finds, but tourists have yet to return to pre-pandemic levels amid signs of slowing growth. Will Taylor Swift's shows in Toronto change that?

Visitors injected billions of dollars into Toronto's economy last year, a new study finds, but tourists have yet to return to pre-pandemic levels amid signs of slowing growth.

While spending in 2023 slightly surpassed pre-pandemic levels, much of that owes to inflation, said report author Tariq Khan. A big drop in visitors from China -- Toronto's No. 1 tourism market with more than 300,000 arrivals in 2019 -- has also dented the figures. The steep drop-off stems from China's decision to not add Canada to its list of countries authorized as travel spots for tour groups, even as the U.S., U.K., Australia and others made it onto the list last summer.

Destination Toronto facilitated 71 major conferences and events last year, well below 2018's 100-plus gatherings. The events in 2023 drew 290,000 business delegates -- many of them visitors -- who spent about $400 million, which speaks to conventions' outsized economic contribution, Weir said. But that figure pales in comparison with the $800 million in spending from six years earlier.

Sask. RCMP says staffing shortages are an obstacle to addressing lessons of 2022 mass stabbing inquests 'Completely unacceptable': Quebec refuses to expand exemptions for Indigenous students at English CEGEPs Corey Perry won his first Stanley Cup championship in his second NHL season with the Anaheim Ducks. Seventeen years later, he is still looking for ring No. 2. It is not for lack of trying.Stephanie Kendrick is one of hundreds of thousands of Canadians to contract long COVID, a disease that remains difficult to diagnose and tricky to treat.

 

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

 /  🏆 9. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Can the Taylor Swift effect jolt Toronto's sputtering tourism industry?Visitors injected billions of dollars into Toronto’s economy last year, a new study finds, but tourists have yet to return to pre-pandemic levels amid signs of slowing growth. Some 26.5 million visitors arrived in 2023 and spent $8.
Source: SooToday - 🏆 8. / 85 Read more »

Can the Taylor Swift effect jolt Toronto’s sputtering tourism industry?Hotel reservations for November were up 300% as of early June compared with a year ago as Taylor Swift is slated to swoop into town for a six-night run at the Rogers Centre this fall
Source: globeandmail - 🏆 5. / 92 Read more »