Canada’s tourism industry has made some strides since reopening after 16 months of closure, but Canada’s late reopening meant that it missed out on many summer tourism business opportunities. “We’ve got a lot of industry who were not able to meet their needed revenue targets over the summer months,” said Beth Potter, CEO of the Tourism Industry Association of Canada (TIAC). “They are sitting on a lot of debt now, as well as they have dried up their financial reserves.” Now that the Canadian federal election is coming up, the tourism industry is invested in seeing which candidates can provide them with the support it needs to get through to 2022. According to TIAC’s latest industry survey, nearly 40 percent of Canadian tourism businesses will have to shut down if they don’t continue to receive assistance from the government. Whichever political party wins on the 20SEP election may determine whether or not government financial support programs will continue until 2022.
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