U.S. Travel Rebounds as Demographics Constrain Domestic Demand
This quarter, we consider the five-year outlook for the tourism industry in Ontario, including domestic, United States, and overseas tourist activity and a focus on the travel destinations of Toronto, Ottawa, and the Niagara region.
To what extent will Canadians continue to choose to travel domestically instead of to the U.S., bolstering Ontario’s tourism sector? What investments are being made to encourage visitors to the province, including specific tourist destinations like Niagara? We share our forecast for Ontario’s travel markets, including demand from U.S. and overseas travellers and labour supply growth.
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