Tourism is an industry that plays a vital role in the Canadian economy. In fact, it is one of the largest economic sectors in Canada. According to Statistics Canada, tourism accounts for over 2% of the country’s Gross Domestic Product (GDP) and generates more than 1.8 million jobs.
Why is tourism important for Canada?
Tourism drives economic growth in Canada. It creates jobs, generates revenue, and contributes to the development of infrastructure and services.
When tourists visit Canada, they spend money on things like accommodations, food, transportation, and entertainment. This spending supports local businesses and stimulates economic activity.
Moreover, tourism helps to promote cultural exchange. Visitors from other countries can experience Canadian culture and learn about our history and traditions. This exchange can foster cross-cultural understanding and lead to positive relationships between nations.
The impact of COVID-19 on the tourism industry
The COVID-19 pandemic has had a significant impact on the tourism industry worldwide, including Canada. In 2020, international arrivals to Canada decreased by 73% compared to the previous year due to travel restrictions and safety concerns.
The pandemic has caused many businesses in the tourism sector to close permanently or temporarily lay off employees. The Canadian government has provided financial support through programs such as the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Rent Subsidy (CERS) to help these businesses survive during this challenging time.
Conclusion
In conclusion, tourism is a crucial sector in the Canadian economy that contributes significantly to job creation and economic growth. The COVID-19 pandemic has highlighted how vulnerable this industry can be during times of crisis but with government support and strategic planning there’s hope that it will bounce back soon once travel restrictions are lifted globally especially now when vaccines are being rolled out at scale around the world which may bring good news for the tourism industry in Canada and the world over.