Tourism is bringing billions to our economy, and visitors are spending more time and money when they arrive.
2018 broke records and showed that tourism can be a serious factor in our economic growth, and so far, 2019 is telling a similar story. Cape Breton saw a 20% year-over-year increase in the first months of 2019, and Yarmouth has seen a 10% increase so far this year.
Many factors have contributed to this growth. Yarmouth has been one of the provinces best performers, and much of that can be attributed to the return of the Cat ferry. Tourism revenue in Yarmouth has increased by over 30% in the past 3 years, fuelling growth in one of Nova Scotia’s struggling regions.
Halifax remains Nova Scotia’s top performing area for tourism, with 54% of tourists visiting Halifax. The list of attractions is Halifax keeps on growing, and new hotels and restaurants are opening to meet this unprecedented demand. The new convention centre has been a game-changer, allowing Halifax to play host to major national conventions, which have brought thousands to Halifax for the first time.
Will 2019 break the records set in 2018? Only time will tell, but I wouldn’t be suprised.