Thank you to those who participated in our recent survey to help quantify the impact of COVID-19 on British Columbia’s hotel industry. We received an overwhelming response (nearly 400 respondents) and the results were consolidated and shared with the provincial government, including: The Hon. Lisa Beare and Deputy Minister Shauna Brower -Ministry of Tourism, Arts and Culture and Deputy Minister Lori Wanamaker – Ministry of Finance as well as several team members with the Department of Municipal Affairs.
Understanding the scope of the impact on our industry will support our ask for fiscal support to help our hotels to stay solvent during this crisis. With the number of impacted properties changing hourly, we are working closely with the RDMO’s to quantify the impact, and gratefully acknowledge their support and partnership.
At a high level, the survey results indicated that of the respondents as of March 22:
- 103 properties were closed (28%)
- 40 properties were closing soon (11%)
- 226 properties remained open (61%)
- Conservatively, more than 11,000 employees have been laid off as of March 22nd, 2020
Support needed for properties, in order of priority:
- Financial Support
- Employee Support
- Tax Deferrals
- Insurance Support
As of March 25
, here are the numbers:
- 142 properties are closed
- 20,000+ employees have been laid off
The impact quantified confirms, no part of our province is left unscathed. We are aligned with TIABC on our advocacy along with 34 other Associations. But the need for us to stand out, and ensure government understands the fiscal support we need, and to be deemed an essential service is or paramount importance.
While we’ve made strides in representing the needs of the hotel industry and to garner the fiscal support needed to stay solvent and weather this Covid-19 crisis, we need to continue pushing. Government is hearing from all corners of varying industries for support and we need to maintain momentum to ensure our needs are heard and met.
Again, thank you for your support.
President & CEO, BC Hotel Association