The nice thing about tourism is that it is green and has a soft impact on the environment when in relation to the resource sectors. It not only builds jobs in the service sector directly related to restaurants, resorts, and hotels but the hospitality tourism sector also pumps money back into the economy through mega expenditures on infrastructure, contract services, and commodity supply etc.
Discussions and interactions allow students insight into different companies within these sectors, different areas of the hospitality and tourism industry, and the make up and the activities of these companies.
and, to add to that…
C/ Introduce visitors who’re potential investors to other Canadian markets and services that they may not have considered before visiting Canada.
D/ Spread international goodwill and the positive word of mouth that can not help re-enforce a positive view of the people, customs, and economy… And everyone knows a new look at international hospitality diplomacy is in order following the Bush foreign policy doctrine. Tourism and hospitality are synonymous in the truest sense.
E/ Let’s face it, Canada has a great deal to offer and is among the most desirable countries in the world to live, work, and play….Canada needs skilled labour to compete, and tourism is the first stage to attracting skilled resources to the country.
Canadians are anxiously digesting the outcome of the Jan 27th/09 Conservative budget. While we know that well in advance, sources have leaked out the overall pot of available funding with certain expectations of infrastructure money and tax relief, the specifics are less than clear and may take some months to better understand and work their way into the Canadian economy. One thing is for sure, most everyone is agreed that some measure of economic stimulus is in order. One would likewise be hard pressed to find an economist that would not agree that increasing tourism expenditures is one of the best and timely ways to disperse money throughout the economy with low or no lag time on the resulting economic stimulus.
Some areas like Ontario are facing a manufacturing meltdown due to offshore competition, high energy costs, labour costs, inability to secure operating capital, and in some instances, simply bad management and poor planning. The nice thing about the tourism economy is it is well diversified and has positive effects on all Canadians. Most importantly, it has low environmental consequences and it benefits the socio-economic groups that have the greatest potential of spending earned money into a multitude of other economic sectors.
Ontario by example is a popular tourist destination from many national perspectives. The Canadian dollar is low and an asset for most out of country visitors, and Ontario has a wide mix of outdoor adventure, cottage country resorts, as well as big city conferences, hotel facilities, and shopping. Ontario is also blessed with a series of world class destination attractions to market. Of importance to many offshore markets, Ontario has easy travel access-one can land in Toronto and be in a pristine lakeside wilderness setting in less than two hours. Good examples are world renowned Algonquin Provincial Park and the well branded Muskoka travel region.
Many are hoping that the Federal budget investment in stimulus will include infrastructure dollars and direct marketing dollars that filter into the tourism sector where there’s already some momentum, but with the current capacity to grow. In Ontario, the tourism sector is a major economic benefit that can bridge the gap and create massive employment opportunities at the same time. Tourism is always a great creator of wealth for all classes of society. The economic downturn is a good opportunity for resorts and hospitality in general to take advantage of low cost money and stimulus incentives to recapitalize tourism infrastructure while during the same time, providing an economic injection of new jobs as a direct consequence of government increases in tourism marketing.
The formula bears consideration. By attracting a bigger slice of the tourism pie from increased marketing of tourism product the resulting hospitality related new construction, renovations, as well as the purchase of products and services will achieve a fast and far reaching boost to the economy.
Many economists would support the assumption that tourism provides perhaps the largest potential for stimulus and most surely the quickest and widest broadcast method to pump money into the economy and get things flowing again. Hospitality operators, developers, and associations are pouring over the fine print of the budget hoping in earnest that it will contribute to their industry and to enable them to their contribution to help bring this economy out of its economic funk.