October 20 2020
Tourism Nova Scotia forecasts that in 2020 Nova Scotia tourism revenues will fall 65% to $900 Million, down from $2.6 Billion in 2019. With sharp declines in revenues, and high fixed costs, many operators are experiencing extreme financial hardship. Despite this, operators have taken extraordinary measures to ensure public health and safety, and to meet the needs of customers and visitors with confidence.
The provincial government’s announcement last Friday, of a Tourism Sector Financing Program, without any consultation with the Tourism Industry Association of Nova Scotia (TIANS), is an example of what government should not be doing.