One of the industries hardest hit by COVID-19 is asking the B.C. government for a stimulus package worth hundreds of millions of dollars.
The Tourism Industry Association of B.C. says it's seeking "immediate" financial assistance, and is asking for a whopping $680 million.
The association cites data from 2018, which it says is the latest available. That year, the tourism and hospitality industry brought in more than $8.3 billion, according to the TIABC."Virtually the entire sector was shut down resulting in extensive layoffs, with many businesses having closed without the cash flow to reopen, and thousands more desperately trying to maintain solvency," the group said in a statement released Tuesday.
Its estimate is that, at most, about $6.7 billion could be generated in 2020. That's down from $20.4 billion in tourism revenue in 2018. Another $190 million of the stimulus could go to helping businesses adapt, so they can be open and still meet the public health requirements of the pandemic.
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