Destination Ontario has released a new report that highlights key recovery indicators such as accommodation occupancy rates and border crossings. Key findings of the study include the following:
- US border crossings have decreased by 71% between March 2019 and March 2022
- An increase in the CPI and TPI results in higher prices for tourism-related goods and services such as food, transportation, recreation and travel accommodation. This will impact middle income households and families looking to travel.
- Short-term rental occupancy rates are beginning to bounce back, while hotel occupancy rates continue to be below pre-pandemic levels in RTO13 (Northern Ontario).