National

Tourism spending may recover sooner than expected

Darpan News Desk The Canadian Press, 22 Nov, 2022 01:19 PM

VANCOUVER - Tourism spending in Canada is expected to recover sooner than previously anticipated.

Destination Canada published its latest tourism outlook today, which says it predicts tourism spending to recover to 2019 levels by 2024, up from 2025 as predicted last spring.

The government organization says that Canada's domestic travel market spending is recovering at an even faster pace and is expected to reach 92 per cent of 2019 levels in 2022 and fully recover in 2023.

It says the U.S. market is positioned to grow with spending reaching 91 per cent of 2019 levels in 2023 and expects a full economic recovery by 2024.

Destination Canada chief executive Marsha Walden says international revenue will be slower to recover due to stalls from the global recession and pandemic restrictions and should reach 2019 spending levels by 2025.

According to the report, Canada’s tourism sector could generate more than $142 billion by 2030, a 35 per cent growth over the course of the next decade.

Prev Next

MORE National ARTICLES

Trudeau opens door to more military spending

NATO figures estimate Canada spent 1.39 per cent of its GDP on defence last year. The 2017 defence plan Trudeau referred to promised to inject $535 billion over 20 years into the military, which would get spending to about 1.5 per cent of GDP.

Trudeau opens door to more military spending

Ottawa protesters not donors had accounts frozen

Hundreds of demonstrators blockaded roads in Ottawa for more than three weeks last month, and similar demonstrations blocked four major border crossings in Ontario, Manitoba, Alberta and British Columbia.

Ottawa protesters not donors had accounts frozen

B.C. pledges $18.4 million to Lytton recovery work

Public Safety Minister Mike Farnworth says $18.4 million will cover much of the costs of debris removal, archeological work and soil remediation for municipal, uninsured and underinsured properties in Lytton.

B.C. pledges $18.4 million to Lytton recovery work

B.C. has no plans to cut gas taxes, Farnworth

Alberta has responded by reducing its tax by 13-cents per litre on both gasoline and diesel. Farnworth says there's no simple solution to the rising fuel price situation as the cost rose above $2 a litre in Metro Vancouver.

B.C. has no plans to cut gas taxes, Farnworth

Group opposes forced health transfers in B.C.

Dying With Dignity says the service is being restricted because of an agreement that allows facilities covered by the Denominational Health Association to collect taxpayer dollars but refuse to perform services they oppose on religious or moral grounds.

Group opposes forced health transfers in B.C.

Surrey's Vaisakhi parade cancelled third year in a row due to COVID19 concerns

The magnitude and planning of this event takes a full year to complete and given the tight turnaround between the constantly changing public health order restrictions being lifted and the scheduled date of the parade, organizers did not feel they could responsibly honour the importance and magnitude of the event in this timeline.