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Hospitality industry copes with unprecedented times, massive layoffs

The COVID-19 pandemic has brought life and business to a grinding halt. Among the hardest-hit sectors are travel and hospitality. As the virus spread rapidly across the world in February and March, millions scrambled to cancel their...

source: By Bambi Majumdar
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COVID-19 has buffeted the tourism industry, which accounts for 4.25 per cent of GDP in the OECD economies. The overall cost to airlines has been estimated at $29 billion, according to the International Air Transport Association, while Confturismo-Confcommercio predicts...

source: WARC

As we settle into a new month of life in the coronavirus pandemic, more and more details are emerging about the financial assistance available to Canadians impacted by the spread of COVID-19. Last week, the federal government...

source: The Huffington Post

The losses to the U.S. tourism industry due to the coronavirus are snowballing — make that avalanching — by the day. To the point that the national non-profit organization representing all travel sectors estimates the...

source: Forbes

Finance Minister Bill Morneau announced Wednesday a plan to backstop much of the Canadian economy through wage subsidies to prop up struggling businesses — and the workers they employ — during the COVID-19 crisis. The wage...

source: CBC News

Until the coronavirus crisis stuck, Air Canada had been on an unprecedented roll. In 2019, Canada’s flag carrier posted record revenues, record liquidity and a record stock price. Indeed, since emerging from court protection from...

source: Globe and Mail

OMCA wants to hear what you have done to overcome adversity during a time of social distancing, closures and travel bans. Are you helping repatriate citizens? Are you offering free accommodations to hospital workers? Are you creating interactive online events for your attraction?...

source: OMCA


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