04
Mar
2021
Posted by: In: Coronavirus, COVID-19, Destination Toronto, economic loses, Economy, Events, Meetings, Toronto, toronto hospitality, toronto tourism, toronto tourism industry, Tourism, tourism toronto, visitor spending

Toronto lost $8.35B in tourist activity due to 1st year of COVID-19 pandemic – Toronto

According to an analysis done by Destination Toronto, the COVID-19 pandemic has cost the city’s economy $8.35 billion due to a drop in tourism and hospitality spending. Some of the hardest hit sectors include: retail: $1.68 billion food and beverage: $1.33 billion accommodations: $1.21 billion finance: $1.03 billion transportation:…