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Federal budget brings $1 5 billion support for hard-hit tourism and travel sectors

Federal budget brings $1.5 billion support for hard-hit tourism and travel sectors With planes grounded and events cancelled, these two sectors have been among the hardest hit in the pandemic Author of the article: Stefanie Marotta Publishing date: Apr 20, 2021  •  47 minutes ago  •  2 minute read  •  An empty security queue with social distancing markers is seen at Toronto Pearson International Airport. Passengers typically make up about 90 per cent of airport revenue, but during the pandemic, travel plummeted to 10 per cent of normal levels while airports remained open to manage essential travellers and cargo. Photo by Cole Burston/Bloomberg Article content The pandemic-battered travel and tourism industries will receive about $1.5 billion in targeted support from the federal budget as the Trudeau government attempts to boost jobs and revive the economy.

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