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Just as consumers were adjusting to an August spike in gasoline price levels breaching the $1 per litre mark, hurricane Katrina hit the US Gulf Coast inflicting significant damage on the region’s oil and gas industry. Supply fears sent gas prices skyrocketing to $1.30 and more per litre in some Canadian cities; the financial squeeze of high gas prices will undoubtedly constrict consumer spending, as well as leisure and business travel demand over the coming months, according to the Tourism Intelligence Bulletin (TIB) (September 2005) published by the Canadian Tourism Commission and the Conference Board of Canada.
The Conference Board’s latest Industrial Outlook for the Canadian tourism industry has forecast strengthening tourism profits through this year and next. However, the TIB points out that the outlook for the Canadian tourism industry becomes less optimistic if gasoline prices remain as high as they are now. Travel price ...Full Story
With new faces, new energy and a new brand the Canadian Tourism Commission (CTC) moves forward with a more efficient organizational structure to meet the challenge of selling Canada in an ever more ...Full Story
The move of the Canadian Tourism Commission (CTC) is going ahead as planned. The new office will be located in the Bentall 4 complex in Vancouver's downtown core and is scheduled to officially open ...Full Story
The tourism industry prides itself on providing warm hospitality offered to everyone who visits; Canada is renowned for this the world over. However, do we extend the same heartfelt ...Full Story
