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

B.C. general workers reach tentative contract

The B.C. General Employees Union says in a statement the proposed deal with B.C.'s Public Service Agency was reached after almost two weeks of limited job action and more than seven months of negotiations. The union suspended its job action last week as its bargaining committee returned to negotiations in what it said was "a sign of good faith."

B.C. general workers reach tentative contract

Bank of Canada increases interest rate to 3.25%

The rate hike was in line with what many economists were expecting and brings the bank’s key rate target to 3.25 per cent. In the rate announcement, the Bank of Canada says global inflation remains high because of global supply chain disruptions, the effects of COVID-19 and the war in Ukraine.

Bank of Canada increases interest rate to 3.25%

Saskatchewan stabbing suspect has lengthy record, attack left 10 people dead and 18 injured

RCMP have not said what motivated the attacks on Sunday that left 10 people dead and 18 injured on the James Smith Cree Nation and nearby village of Weldon, northeast of Saskatoon. Police believe some victims were targeted but others were chosen at random.

Saskatchewan stabbing suspect has lengthy record, attack left 10 people dead and 18 injured

Teen couple faces charges in Labour Day stabbing

VPD officers were called to the Hornby Street SRO around 8 a.m. yesterday, after the 25-year-old victim walked inside with multiple stab wounds. While some officers tended to the victim’s injuries, others set out to locate the suspects, who had fled the crime scene.

Teen couple faces charges in Labour Day stabbing

B.C. to launch fall COVID-19 booster campaign

Provincial health officer Dr. Bonnie Henry says the immunization campaign will also include more opportunities to get the flu vaccine as respiratory illnesses are expected to return after a decline due to COVID restrictions. The National Advisory Committee on Immunization recommends people receive their second booster dose at least six months or longer after their first booster.

B.C. to launch fall COVID-19 booster campaign

Burnaby morning crash claims life of 75 year old female passenger

On Tuesday, September 6, at 6:30 a.m., Coquitlam RCMP frontline officers were first to respond to a report of a single vehicle collision in the 200-block of North Road, near the Coquitlam-Burnaby border. The vehicle involved left the roadway and flipped. It does not appear any other vehicles were involved.