Economic Growth in The Tourism Industry

In Canada, the tourism industry is an important contributor to the country’s economic growth. During the past few years, the Canadian tourism industry has shown a steady growth, strengthening its contribution to Canada’s economic well being. In fact, tourism is one of the few sectors present in every local economy in Canada. According to the Tourism Industry Association (TIAC), before Covid-19 Pandemic, Canada’s tourism industry was worth $105 billion in total economic activity, employed 1 in 11 Canadians, and was responsible for 225,000 small and medium-sized businesses across Canada.