Key Takeaways:
- Canada’s tourist industry is anticipated to fully recover by 2024, with an expected $142 billion in revenue in 2030.
- Tourism-related employment is included on the list of in-demand professions in 8 of Canada’s 13 provinces and territories.
- The salary of a hospitality manager can range from $52,241 to $108,867.
One in ten jobs in Canada is employed by the tourist sector, which is anticipated to recover to 2019 levels one year earlier than anticipated. The lifting of COVID-19 restrictions and steadfast travel demand is supporting the tourist sector’s revival path in Canada.
Strong consumer spending will serve as a basis for a quick rebound to 2019 levels, with domestic tourism continuing to be the sector’s recovery leader.
According to the analysis, domestic travel industry expenditure is anticipated to rebound entirely in 2023 and reach 92% of 2019 levels by the end of 2022.
Benefits and Opportunities in Hospitality and Tourism
As border restrictions are eliminated and the US currency strengthens, the US market recovery, which represents Canada’s largest potential, is expected to pick up speed in 2023, with expenditure reaching 91% of 2019 levels.
Spending by US tourists in Canada is anticipated to increase by 112% by 2024.
If the current anticipated trajectory for Canada’s tourist industry holds true, it may generate over $142 billion in revenue in 2030, representing a 35% increase in little over ten years.
For anyone looking for a chance to build a career in the tourism industry, this latest news has a lot of positive implications. This implies that more companies in the sector will welcome new hires and workers. The nation’s economy as well as the tourist industry will benefit from it.
According to reports, 8 of Canada’s 13 provinces and territories have classified tourism-related employment within their list of in-demand professions.
Sending an Expression of Interest (EOI) allows qualified candidates with appropriate background education, experience, and a job offer to apply for permanent residence in Canada through the PNP of their choosing.
The Minister of Employment, Workforce Development, and Disability Inclusion, Carla Qualtrough, reportedly said that the Sectoral Initiatives Program will provide up to $67 million in financing to boost Canada’s tourist and hospitality industry.
With this funding, 24 initiatives that will lower barriers for groups who are still underrepresented in the labor market and assist employers and industry stakeholders in the tourist and hospitality sector in retaining and attracting talented employees will get financing.
Job Demand
Outstanding work opportunities are available in the hospitality and tourism industries. The country now has a very high need for hospitality workers as a result of the current scenario.
According to reports, entry-level salaries for hotel managers start at $52,241 annually, with most experienced employees earning up to $108,867.
The potential to establish a career in the hospitality and tourism sector has never been better than it is right now. Earn a diploma in Hospitality Management or Travel & Tourism Management to take advantage of these future prospects!
