COVID hard on some businesses, but others flourishing, from hot tubs to wedding rings - BC News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
But this latest recession, triggered by the start of the pandemic a year ago, is much different. Consumers haven’t stopped spending on luxury items like spas they’re buying them up in droves, as public health orders urge people to hunker down in their homes. “It is a hard recession for many businesses, but not for us at all,” said Gislason, who owns Vintage Hot Tubs, Swim Spas and Billiards in Victoria and Langford. “This will cover losses of all the recessions I’ve ever been through.” Gislason said his revenue with taxes over the past nine months is about to hit $3.5 million almost double what would be a very good year. And there’s no slowdown in sight, even with spring arriving and some of the pandemic restrictions easing.