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Finance committee  I think that's fair, and what Iceland has also done really well is to say that there is no such thing as bad weather; there's just bad clothing. We are kind of preprogrammed here to talk about weather all the time. They've managed to break through that perception. I think man

October 13th, 2023Committee meeting

Craig Foley

Finance committee  Thank you for the opportunity. In our industry, I think every single system was broken when COVID came. I remember people calling me—hotel owners—and saying, “I have to find the keys to the front door—we've never locked it.” They had to figure out how to shut down. What do you d

October 13th, 2023Committee meeting

Craig Foley

Finance committee  Without question, any increased cost has to be passed on to the consumer and, at a certain point, the consumer is going to say, “This surpasses my appetite.” In our industry, most of the revenue we get, outside of business travel...and again, thank you very much for coming. It'

October 13th, 2023Committee meeting

Craig Foley

Finance committee  It's a very subjective question you ask, but I think that has probably impacted some of the residential travel this year. I didn't see as many people moving around the province. You can see that fairly quickly. This summer, when you looked around, there just wasn't that much auto

October 13th, 2023Committee meeting

Craig Foley

Finance committee  Yes, I think the research we cited, indeed, says that—that some of these businesses are not going to survive. Many indicated that they couldn't repay it within that period of time. That's if we take an individual operator perspective. These people were fighting for breath immedia

October 13th, 2023Committee meeting

Craig Foley

Finance committee  Thanks very much for the question. I think there was a pent-up demand for everybody to come home last year. I think that really drove some visiting. We're still waiting for some analysis of the research for that answer. Marine Atlantic is at capacity right now, so even if we wa

October 13th, 2023Committee meeting

Craig Foley

Finance committee  I think it's all going to help, but we're seeing changing consumer choices as well. People travelling on ferries now want their own cabin. This is all part of what came from the pandemic. Marine Atlantic is challenged with trying to build that capacity, and I think they are tryi

October 13th, 2023Committee meeting

Craig Foley

Finance committee  Yes, the impact for our membership.... Of course, we're concerned about the employees. We have a very challenged labour pool right now. Some industries are the beneficiaries of some of our challenges. What we're concerned with, I guess, as an overall industry, is that we're going

October 13th, 2023Committee meeting

Craig Foley

Finance committee  From the members I've heard from, it's primarily been around transportation: airlines, bus companies and boat tours. Certainly, everything that's served, if we're staying with the F and B example, every input, for the most part, because food security is an issue in Newfoundland a

October 13th, 2023Committee meeting

Craig Foley

Finance committee  I guess any increase in cost right now, at such a critical time, would be detrimental, I would say, to any business that's on the edge.

October 13th, 2023Committee meeting

Craig Foley

Finance committee  To steal from Mr. Bonnell, I think there's constant innovation trying to be made, but for right now, it would be very difficult to implement an alternative.

October 13th, 2023Committee meeting

Craig Foley

Finance committee  Housing is definitely a big challenge when it comes to labour. Even between communities, we're seeing people paying incentives with gas cards and trying to get people to move to the next community, and we're only stealing from one community to the next in doing that. We put in a

October 13th, 2023Committee meeting

Craig Foley

Finance committee  Thank you very much for the question. We joined CFIB, Restaurants Canada, TIAC and 250 other organizations, basically, to try to move the repayment time on these loans. The food and beverage industry I think is perhaps the hardest hit of the hardest hit. What I'm actually heari

October 13th, 2023Committee meeting

Craig Foley

Finance committee  And wind—

October 13th, 2023Committee meeting

Craig Foley

Finance committee  It's great to have you here. Thanks very much for coming. Good morning. My name is Craig Foley and I'm the CEO of Hospitality Newfoundland and Labrador. I need to begin by saying that the tourism industry in Canada has not yet recovered. In Canada, total tourism spending was re

October 13th, 2023Committee meeting

Craig Foley