Government relief aid helped minimize the financial impacts of the COVID-19 pandemic in the amusement and recreation subsector, 2020

December 7, 2021, 8:31 a.m. (EST)

Amusement and recreation industries were impacted by restrictions put in place to limit the spread of the COVID-19 pandemic. Businesses in these industries reported a combined decrease of 19.9% in their operating revenues to $9.9 billion in 2020. The gross domestic product (chained (2012) dollars) for the amusement and recreation subsector fell by 35.6% in 2020. However, government financial relief measures helped mitigate the decline in operating revenue as 56.2% of businesses surveyed indicated that they received government support.

As a result of the pandemic, 90.8% of respondents indicated that they had to make changes to operating methods. Downsizing business activities (60.9%), reducing labour costs (50.8%), retrofitting the workplace (46.7%) and adopting a contactless business model (41.5%) were some of the measures put in place. Meanwhile, in some provinces, most business activities stopped because of government-mandated closures.

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