“A lot of the tourism operators have come through with significant challenges in terms of debt load, making it through two years and more of no income. Of course, the federal programs helped in terms of making it through but they also put them in a position of a lot of debt. So a recession on top of that debt – even if the tourism industry is rebounding – is going to make it challenging for those tourism operators over the longer term to survive.
There were 2.1 million workers pre-pandemic, according to Mondor. That number is now down to 1.67 million workers.Scott MacAulay with the Inverary Resort in Cape Breton says his business has had a terrific year and he’s optimistic for the future. “There’s a pent-up demand for travel,” he says. “People seem to be able to find a way with the product we have in Nova Scotia with the great outdoors and lots of wide-open spaces. People feel comfortable and safe.”
He recommends if a business is struggling to try and adapt to what people are looking for after pandemic years, including offering more outdoor activities all season.
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