The state of the tourism industry

Those of you who work in the tourism sector might have been concerned by this article that ran in today’s Times-Colonist. The article reports that the tourism industry facing its worst outlook since September 11, 2001.  These kind of reports can cause some to question their career choice.

The key issue to keep in mind about news that impacts on the labour market is that today’s reality does not necessarily predict tomorrow’s condition. The over all trend in tourism if you track it over a series of decades is very positive. This industry has expanded greatly in our lifetimes. Global economic conditions and other factors can definitely impact this industry – there is no arguing that but the key skill is to be able to distinguish between an event and a trend. We are in the middle of an event. Over time the tourism sector will rebound and continue to expand.

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