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

Feds move toward stand-alone dental insurance

Health Canada officials, who gave a briefing on the condition they not be named publicly, said that would help the government refine the program before hiring a company to do the work. The Liberals committed to some form of federal dental-care coverage for low-income Canadians in its March confidence and supply agreement with the New Democrats.

Feds move toward stand-alone dental insurance

Freeland's fiscal update coming Thursday

The fiscal update, to be presented in the House of Commons, will also share the government's outlook for an economy facing high inflation and staring down a potential recession in the coming months.

Freeland's fiscal update coming Thursday

New storm bears down on coastal B.C.

The incoming storm is also expected to deluge parts of Metro Vancouver, including Coquitlam and Maple Ridge, with more than 100 millimetres of rain before it eases late Sunday and the weather office says rainfall warnings are likely to be issued as the forecasts are refined.

New storm bears down on coastal B.C.

Dental care benefit passes third reading

Dental care is a pillar of the supply and confidence deal between the Liberals and the NDP. The Liberals promised to launch a federal dental care insurance program by the end of 2022, starting with coverage for children from low- and middle-income families.

Dental care benefit passes third reading

B.C. wife of ISIS fighter released on bail

Under the bail conditions, Polman is prohibited from possessing a cellphone or any other device capable of connecting to the internet, and from driving any motorized vehicle. She cannot possess any documents related to a terrorist group or leave B.C. without the consent of her bail supervisor, and she must be electronically monitored and abide by a 9 p.m. curfew.

B.C. wife of ISIS fighter released on bail

Food bank usage hit all-time high: report

The report, which looked at data from more than 4,750 food banks and community organizations, said the skyrocketing cost of food and housing, as well as high inflation and lowsocial assistance rates, have contributed to the rise in food bank usage. Kirstin Beardsley, the CEO of Food Banks Canada, called the numbers "devastating."