Evidence of meeting #49 for Industry, Science and Technology in the 40th Parliament, 2nd Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was travel.
A recording is available from Parliament.
5:25 p.m.
Conservative
Mike Wallace Conservative Burlington, ON
And these price points fall down, so the revenue generated is less.
5:25 p.m.
Executive Vice-President, Government Affairs, Canadian Restaurant and Foodservices Association
Then it takes a while for them to ramp up after the economic downturn is over. There's a lag time. When the economy starts to improve, it takes a while before the restaurant industry comes back.
5:25 p.m.
Conservative
5:25 p.m.
President, Hotel Association of Canada
It's basically the same thing in the hotel business as well.
5:25 p.m.
President, Hotel Association of Canada
If you're trading down and trading down, then how do you get it back, and so forth.
5:25 p.m.
Liberal
The Vice-Chair Liberal Anthony Rota
Very good. Thank you.
I want to thank the witnesses who came today.
I want to remind members of the committee that there's a luncheon tomorrow, Tuesday, December 8, from 12 to 1:30, room 602 Centre Block, at the Parliamentary Restaurant. It will be hosted by Perrin Beatty, president and CEO of the Canadian Chamber of Commerce, and Michael Chong, chair of the industry committee.
Thank you very much.
This meeting is adjourned.