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Tourism industry asks BC for $680 million stimulus

7/22/2020

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The devastating impact of COVID-19 on BC tourism sector was driven home on Tuesday by a request for $680 million in relief needed to survive.
 
The Tourism Industry Association of BC sent a proposal to the provincial government requesting almost half of the $1.5 billion set aside to restart the economy.
 
"Unfortunately, as the only industry almost entirely based on the discretionary movement of people, the tourism and hospitality sector has been the most severely impacted by far by COVID-19 due to business closure orders and restrictions on personal travel, as well as the closure of international borders," TIABC's statement says.
 
The best case scenario forecasts 2020 revenue to be $6.7 billion compared to $20.4 billion in 2018. To survive, the industry wants $475 million to help businesses stay solvent, $190 million to encourage innovation and accelerate recovery and $15 million to support supply chains.
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  • Membership
    • Why Join?
    • Job Board
    • Member to Member Offers
    • Benefits, Discounts & Savings >
      • Chamber Store
    • Chamber Local
    • 1863 Impact Award
    • Questions & Answers
    • Join Now
    • Member Login
  • Member Directory
  • Events
    • Signature Events >
      • Business Awards >
        • 2023 Business Awards
      • Picnic in the Park
      • Business Hall of Fame
    • Event Calendar >
      • Chamber Events
      • Community Events
    • Small Business Month
    • Event Photos 2023
    • Sponsorship
  • News & Advocacy
    • BizNews Articles
    • Advocacy / Wins for Business >
      • Advocacy Wins
      • Business Property Taxes
      • Advocacy Priorities
    • Chamber Chats
    • In the News >
      • Published Op-Eds
      • Media Releases
    • Non-market housing
    • Find and keep workers
    • Business Matters Magazine
    • COVID-19
  • The Chamber 1863
    • 1863-Indigenous
    • 1863-Early Chamber
    • 1863-History Events
    • 1863-Booms and Busts
    • 1863-Members & Communities
    • 1863-Women, people and organizations
    • 1863-Committees
    • 1863-Chairs and Chair Businesses
  • About Us
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    • About Victoria >
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