How big is the tourism industry in BC?
How big is the tourism industry in BC?
Over 19,000 tourism businesses operate in British Columbia. In 2018, the tourism industry generated $20.5 billion in revenue, a 53.3% increase over 2007. The tourism industry contributed nearly $1.7 billion in provincial taxes in 2018, an increase of 5.1% over 2017.
How much of BC economy is tourism?
The tourism industry contributed 3.4% or $8.7 billion of value added to the BC economy, as measured through GDP (in 2012 constant dollars). This represents 3.4% growth over 2018, and 41.8% growth since 2009. In 2019, tourism contributed more to GDP than any other primary resource industry.
What are the 5 tourism industries?
Canada’s tourism sector is composed of five distinct but related industry groups: accommodation, food and beverage services, recreation and entertainment, transportation and travel services.
Why is tourism important in BC?
Tourism is already one of the most significant drivers of economic success in BC, growing faster than the provincial economy as a whole as it generates a continuous stream of revenue, employment, social, cultural and environmental benefits.
What is the economic impact of tourism on Canada?
In 2019, tourism activities accounted for about 2% of Canada’s GDP and generated about 750,000 jobs (Statistics Canada n.d.a and n.d.b). The demand for tourism activities has been greatly affected by the travel restrictions and limitations.
What is the tourism industry in Canada?
Canada’s tourism sector is an essential contributor to the Canadian economy. In 2019, tourism was Canada’s number one service export, totaling 3% of total exports, generating $104 billion in revenue, and accounting for 1.8 million total jobs in Canada.
How many Canadians are employed in the tourism sector?
SDMX
| Seasonally adjusted | ||
|---|---|---|
| Canada (map) | ||
| Tourism activities | 371.4 | 453.2 |
| Total tourism industries | 288.6 | 351.7 |
| Transportation | 62.2 | 54.1 |
What is Canada’s major tourism market?
the United States
Canada’s largest tourism source market is the United States, which accounts for over two-thirds of overnight tourists, with over 14.7 million tourist arrivals in 2018. Among tourists from other source markets, visitors from China, France, Mexico and India set country records.
How is the pandemic affecting the tourism industry in Canada?
Tourism jobs fell 28.7% annually in 2020, with most of the drop occurring in the second quarter. All tourism categories were down in 2020, with food and beverage services (-32.3%) and accommodation (-35.2%) contributing most to the overall decline. Tourism’s share of employment fell from 3.8% in 2019 to 3.0% in 2020.
How many people work in the tourism industry in British Columbia?
The tourism and hospitality industry is labour intensive, employing approximately 302,700 British Columbians. Of these, approximately 137,800 are employed as a result of visitor spending. There are more 19,000 tourism-related businesses in British Columbia. More than half of these businesses have less than 10 employees.
Why invest in tourism in BC?
Tourism in BC is a growing, dynamic industry and a major economic generator.
How much revenue does the tourism industry generate in Canada?
In 2018, the tourism industry generated $20.5 billion in revenue, a 53.3% increase over 2007. The tourism industry contributed nearly $1.7 billion in provincial taxes in 2018, an increase of 5.1% over 2017.
What is the value of tourism to the economy?
The value of tourism to jobs, business and the economy includes: Tourism employs about 161,500 — up 4.3% from 2017. Over 19,000 tourism businesses operate in British Columbia. In 2018, the tourism industry generated $20.5 billion in revenue, a 53.3% increase over 2007.
