Tourism Spending Reaches $969 Million in Niagara County for 2022
Niagara Falls, NY — 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, John Percy, President & CEO of Destination Niagara USA 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 which is one of the world’s leading providers of economic analysis and forecasting. For more information about Tourism Economics, visit tourismeconomics.com. Click here to view the complete 2022 report.
Destination Niagara USA works to ensure Niagara County is a preferred international destination for group and leisure travel. It supports its mission to expand the economic prosperity of Niagara County by generating individual and group visitation. For more information, visit NiagaraFallsUSA.com.