What’s ahead for Northern Ontario’s 2023/2024 tourist season and a look back at the Staycation Tax Credit
Tourism is one of the major economic drivers in Northern Ontario with receipts ranking higher per capita than those of other regions in the province and many other provinces in the country. In fact, tourism is the largest employer of young workers in the province.
Between October 1, 2022, and December 31, 2022, approximately 1,688,383 crossings were made over the Ontario - U.S. land border. The crossings in 2022 are 130% higher than in 2021 and 412% higher than in 2020. Despite the significant increases in crossings in 2022, it remains 30% below the pre-pandemic levels. Fortunately, the shortfall gap continues to narrow.
Destination Northern Ontario says that it will most likely take another two to five years to get the balance sheets back in order. Overall, though, the North looks as though it has done better than most jurisdictions in the country.Last year, the Ontario government unveiled the temporary Staycation Tax Credit for the 2022 season that was designed to help the tourism industry recover from the pandemic slow-down.
Destination Northern Ontario has transitioned into the post-pandemic period where the organization will focus on recovery and growth, as opposed to mitigating the impacts of COVID-19. They will once again identify and support new opportunities for growth and expansion, develop strategies and support sectors who continue to face unique challenges as a result of the pandemic, re-engage the sector, and address systemic challenges that face Northern Ontario.
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