December 15th, 2024

Travel, tourism sectors set for major recovery this year: Report

By The Canadian Press on May 15, 2023.

People are shown at Pearson International Airport in Toronto on Friday, March 10, 2023. THE CANADIAN PRESS/Nathan Denette

LONDON – A new reports finds that Canada’s travel and tourism sector is poised for a big post-pandemic rebound.

The World Travel and Tourism Council says the industry is set to contribute $162.6 billion to the Canadian economy in 2023, up more than 17 per cent from last year.

Conducted in partnership with Oxford Economics, the council’s latest research forecasts the sector is also within sight of the previous peak of $173.9 billion in 2019.

If achieved, the activity would furnish some 90,000 more jobs to reach 1.64 million this year, recovering nearly all the travel and tourism positions scrapped during the COVID-19 pandemic.

Julia Simpson, who heads the council representing more than 200 companies, says a return of overseas visitors to Canada’s biggest cities will fuel the comeback.

The country’s transport and hospitality businesses were among the most battered by the pandemic, which shut borders and restricted travel and restaurant dining.

This report by The Canadian Press was first published May 15, 2023.

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