Travel, Tourism Sectors see Glimmers of Hope Amid Omicron Uncertainty

While Canada’s travel and tourism industry has seen a recent downturn due to Omicron, CTV news reports some glimmers of hope. Analysts at ATB Capital Markets say airline stocks have rebounded slightly from an Omicron-induced dip over the past two weeks, suggesting the variant may not be as severe as initially feared. “We view data coming out of the U.S. as a positive leading indicator for demand trends in Canada heading into the holiday season and 2022,” ATB said. A mix of optimism and apprehension marks the sector, according to Windsor International Airport CEO Mark Galvin. “There's a mix of that cautiousness, but there's a mix of the hopeful that the vaccines and their efficacy will be there and we can move forward,” he said.

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