According to Niagara Falls Tourism, 12 million visitors took in the beauty of the falls and surrounding tourist attractions in 2016; a number that continues to increase meaning more expenditures on local tourism businesses. The majority of visitors still come from elsewhere in Ontario, although visitors from the United States and overseas continue to spend liberally in Niagara. Tourist diversity should be kept in mind if considering purchasing a Tourist Commercial property.
Ontario Tourism Outlook
Ontario’s tourism outlook, on the whole, continues to look positive. Tourism is projected to increase by approximately 1-2% in the coming years due to a combination of factors including a strong US dollars and improved transportation to Niagara. The arrival of the GO Train from the Greater Toronto Area will provide even more potential tourists with regular and easy access to Niagara, meaning tourist numbers should jump dramatically in in the next 7 years. Now is a prudent time to invest in Niagara Tourist Commercial zones as Niagara Falls tourism is set to explode.
Looking to get involved in the Niagara tourism industry? There are a number of options available. Again, this is a prudent time to invest as land values continue to climb.
Niagara Falls Tourism Options Are Growing
Investment opportunities in Niagara Falls continued to be attractive in 2016 and the outlook remains positive in the foreseeable future. While Niagara Falls has always been a popular tourist destination, a renewed commitment to the industry from government and the proven security of tourism investments means that tourism land in Niagara Falls remains a prudent investment.
Niagara Tourist Commercial Investment Opportunities
5700 Stanley Avenue – Motel 6 - $10.5 million
Hotel Overview and Features
- 132 Rooms
- Newly built in 2008
- 6 floors
- ±60,000 sq. ft.
- 1.21 acres
- 95 parking spaces
- Natural Gas 110 volts
- Indoor pool
If you’re interested in learning more about Niagara Falls tourists spending and how you can take advantage of the growing industry contact me today.