Submitted by Destination Niagara USA
Earlier this month, the New York state-commissioned Tourism Economics research study for 2022 was released, detailing the economic impact of tourism across the state. The study revealed that the total traveler spend in Niagara County in 2022 reached $969 million, which is an increase of 16.5% relative to 2021.
Other key highlights from the 2022 report include:
√ $55 million was collected in local taxes (a 5.2% increase over 2021).
√ The tourism industry generates 13.7% of Niagara County’s labor income.
√ Were it not for tourism-generated state and local taxes, Niagara County residents would pay an additional $1,100 to maintain the same level of government revenue, already hard hit by the pandemic.
Noting the increase in visitor spending, Destination Niagara USA President and CEO John Percy said, “This growth has a positive effect on all of Niagara County, as the increase in visitor spending leads to more jobs being created and lower taxes for residents. Tourism spending in Niagara County has now surpassed 2019 numbers, which proves that our industry has not only fully returned, it’s thriving.”
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 about Tourism Economics, visit www.tourismeconimics.com. Click here to view the complete 2022 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.