The budget offers good news for the hotel industry. The budget contains no surprises for the hotel industry, and is expected to have a positive impact on the industry.
Minister of Tourism, Bardish Chagger, continues to be a strong voice for our industry. The New Tourism Vision will support greater visitation to Canada. Investments in rail transportation will assist with mobility; and monies to support youth employment could support the industry’s labour shortage.
Budget 2018 proposes to invest $80 million in 2018–19 and a further $150 million in 2019–20 from federal-provincial Labour Market Development Agreements. The goal is to assist workers in seasonal industries.
Employment and Social Development Canada plans to move $10 million from existing resources to provide income support and training to aﬀected workers.
Last fall, Finance Minister Bill Morneau spoke on tax fairness measures. The government is taking steps to simplify measures related to income sprinkling, protecting past investments and the income earned from those investments, providing more flexibility to hold savings for multiple purposes, and maintaining incentives to allow for the continued investment in the next generation of innovators and entrepreneurs.
The Hotel Association of Canada notes that the government has moved to protect transfers of family businesses, to protect family-run hotels.
This is the second year in a row that the federal budget favored the Canadian Hotel Industry.
November 2017, Canada had welcomed 19.45 million overnight visitors. During this period, Canada experienced the largest increases in overnight arrivals originating from Destination Canada’s 10 overseas markets (up 9.3 per cent).
The Canadian market continues to be strong, seeing increases each year.
Tourism Stats CAN
Tourism spending rose 1.1% in the third quarter of 2015, for the 10th consecutive gain in tourism spending and the largest increase since the second quarter of 2014. Spending by international visitors increased 1.8%, following a 2.7% gain the previous quarter.
Tourism employment rose 0.4% 2015
Job prospects look good with strong gains, and federal support lowering the investment risk in the hospitality industry.
We see this across the Canadian hotel industry news and magazines. For example, Silver Chef, a leading hospitality funding partner, recently announced $500 million for Canadian hospitality businesses, Dubbed “Let’s Make it Happen,” to help purchase equipment.
University of Guelph is launching a three-day Hospitality Leadership Certificate Workshop. “It’s a professional development program Guelph launched in partnership with Cornell University, the two leading hospitality institutions of North America,” said Statia Elliot, director of Guelph’s School of Hospitality, Food & Tourism Management.
This is not the only move to improve training and qualifications of mid-level management in the hotel industry.
The Hotel industry is already seeing more openings for hotel managers. The idea of one manager doing everything is opening up. Now there are more specialized managers in the hotel industry.
The hotel industry is also evolving to include ‘full experience’ instead of just ‘sleep over.’ Entertainment, fitness, breakfast, and fun are now opening up opportunities for new career venues in the Canadian hotel industry.