Tourism businesses in a 'dire' state, with debt mounting and demand meager: industry

Sverige Nyheter Nyheter

Tourism businesses in a 'dire' state, with debt mounting and demand meager: industry
Sverige Senaste nytt,Sverige Rubriker

The head of the Tourism Industry Association of Canada says businesses are struggling to stay afloat under a pile of debt and a dearth of overseas visitors. In a poll of tourism operators, some 45 per cent said they were likely or somewhat likely to shut down within three years unless the government steps in to adjust their loan conditions.

The head of the Tourism Industry Association of Canada says businesses are struggling to stay afloat under a pile of debt and a dearth of overseas visitors.

The tourism association is calling on the federal government to extend the zero-interest repayment deadline for CEBA loans to Dec. 31, 2025, two years past the current deadline. One reason for revenue struggles weighing on repayment efforts is a lack of tourists from abroad compared with 2019. Americans have "cocooned within their own country," Potter said, adding that she remains hopeful they will return in force soon.

"We were in a challenging position with labour before the pandemic hit, and the pandemic has just accentuated it," Potter said.

 

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

The (incredibly expensive) Titanic tourism industry that just lost a submarineThe (incredibly expensive) Titanic tourism industry that just lost a submarineWhen OceanGate Expeditions began operations, they boasted of having the only privately\u002Downed vehicles capable of reaching the Titanic
Läs mer »

The (incredibly expensive) Titanic tourism industry that just lost a submarineThe (incredibly expensive) Titanic tourism industry that just lost a submarineWhen OceanGate Expeditions began operations, they boasted of having the only privately\u002Downed vehicles capable of reaching the Titanic
Läs mer »

The (incredibly expensive) Titanic tourism industry that just lost a submarineThe (incredibly expensive) Titanic tourism industry that just lost a submarineWhen OceanGate Expeditions began operations, they boasted of having the only privately\u002Downed vehicles capable of reaching the Titanic
Läs mer »



Render Time: 2025-01-09 18:18:45