Thank you, Mr. Speaker. Mr. Speaker, the world is coming North. Global interest in experiencing all the Northwest Territories has to offer continues to skyrocket. Year after year, we welcome tourists at a record-breaking pace who come to experience the beauty of this land to the inspiration of its people. Prior to the disruptions of the COVID-19 pandemic, annual visitor spending has soared past the $200 million mark, and since then the industry has little trouble roaring back to life. However, we cannot expect to take advantage of this massive increase in demand if we do not have the capacity.
We've known for some time that hotels across the North often operate at their maximum, especially during peak tourist seasons. We also expect this demand to continue to grow. If the industry does not increase its own infrastructure and welcome new businesses, particularly those operated by Indigenous entrepreneurs that showcase traditional culture and knowledge. The territorial government has a big role to play here to signal to investors that the NWT hospitality industry is open for business.
In recent years, we have also witnessed climate crisis after climate crisis, the effects of which have created new problems for the tourism industry. As water levels dropped to historic lows, this impacts businesses who own remote lodges which rely on access by boats and float planes. Many docks and piers are sitting high and dry, while rivers and streams are too shallow for canoe trips. Worsening wildfire seasons also increase the importance of communication between the government and businesses to ensure tourism is part of the conversation when precautionary actions are taken to protect lives and property. The GNWT is responsible for the well-being of visitors too.
Mr. Speaker, we need a Minister that partners with this industry to ensure its capacity continues to meet demand. This industry is key to both diversifying our economy and promoting traditional knowledge and Indigenous culture. Let's have a government that ensures as many tourists from around the world visit the North, as many of them as possible, and make the NWT the top tourist destination in Canada. Thank you, Mr. Speaker.