Submitted by Destination Niagara USA
In August, New York state released a tourism economics research study for 2021, detailing the economic impact of tourism across the state. The study revealed the total traveler spend in Niagara County in 2021 reached $831 million, which is an increase of 9.3% relative to 2019. Traveler spend was heavily impacted in 2020 due to the coronavirus pandemic, but tourism spending surpassed prepandemic levels in 2021.
Other key highlights from the 2021 report include:
√ $52 million was collected in local taxes (a 24.9% increase over 2020).
√ The tourism industry generates 13.2% of Niagara County’s labor income.
√ Were it not for tourism generated state and local taxes, Niagara County residents would pay an additional $1,007 to maintain the same level of government revenue.
Destination Niagara USA President and CEO John Percy said, “Niagara County has fared much better than other destinations across the state in terms of the rebounding tourism economy. The 109.3% growth in tourism spend in 2021 over 2019 shows that the industry is not only recovering, but it is thriving here. The county is positioned well for continued growth, as we expect to welcome more international tourists as COVID restrictions continue to lift.”
Tourism Economics, headquartered in Philadelphia, is an Oxford Economics company that is one of the world’s leading providers of economic analysis and forecasting. For more information, visit tourismeconimics.com. Click here to view the complete 2021 report.
The mission of Destination Niagara USA is to expand the economic prosperity of the Niagara Falls USA communities by generating individual and group visitation. For more information, visit niagarafallsusa.com.