Opportunity Gap

A newly released study by the Ontario Chamber of Commerce (OCC) reveals a significant tourism opportunity gap when compared to international growth rates.

According to OCC’s report, “Closing the Tourism Gap: Creating a Long-Term Advantage for Ontario,” Ontario has foregone nearly $16 billion in visitor spending between 2006 and 2012 by not keeping up with global growth trends.

While this year has been a strong year for tourism in Ontario, it is important that this recent growth is translated into long-term, sustainable gains in tourism visitation.

Allan O’Dette, president and CEO of the OCC, commented: “As one of the top employers of our next generation of working Ontarians and an economic cornerstone for many communities, the tourism industry plays a key role in supporting our overall economic health.”

But O’Dette pointed out that: “Based on international trends, however, our report demonstrates a significant lost growth opportunity for the industry. It is critical that the province as a whole take steps to close this gap and develop sustainable growth in visitation to Ontario.”

The OCC’s report identifies a number of challenges faced by tourism operators and the broader tourism community in Ontario, while presenting a series of action items to address them.

And the organization indicated that it is encouraged that the government is moving ahead with an action plan for the province’s tourism industry, a key consideration highlighted by its membership.

Said O’Dette: “Ontario’s tourism sector needs a dedicated strategy driven by the provincial government that not only promotes tourism within Ontario, but also focuses on drawing in visitors from around the world. If we can do this successfully, the province will achieve substantial economic gains while keeping up with global growth trends.”

For more, go to http://www.occ.ca .