"It's so great to see people getting out and dressing up," said Vince Farago, general manager of Fifth Social Club, which hosts TIFF parties every year. Farago notes that while the excitement isn't quite back to pre-pandemic levels, the presence of the crowd is definitely growing this year, indicating an upward trajectory. "You definitely notice a big uptake on people coming around looking for a TIFF party, whether there's expected to be a celebrity there or not. They're just out and about, which is great for the city."
Charles Khabouth, founder and CEO of INK Entertainment, highlighted that this year's TIFF events have surpassed normal attendance, bringing in significant energy and engagement. He emphasized that such festivals are essential for the growth of the city, contributing to local economies by attracting a global audience, thereby increasing demand for accommodations, dining, and entertainment. This results in higher revenues and enhanced visibility for local businesses.
Kathy Motton, CEO of Destination Toronto, underscores that the vibrancy and overall atmosphere created during TIFF not only benefit the film industry but also injects vitality into the local economy. As the city hosts international attendees, the ripple effect influences various sectors, breathing new life into local businesses and showcasing Toronto as a key player in the global film festival arena.
#toronto-international-film-festival #local-business-impact #economic-growth #covid-recovery #event-tourism
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