The tourism industry is an integral part of the economic future of Ontario. Found in every riding across the province, tourism employs approximately 1 in 10 Ontarians, with over 770,000 people employed in tourism or related industries. In 2023, the sector contributed $32 billion to Ontario’s GDP and generated $33 billion in spending, with approximately $6 billion in annual provincial tax revenues.
Tourism’s economic impact extends far beyond tourism businesses and workers, benefiting other businesses, industries, communities, and the economy through tax revenue and community infrastructure. Tourism is not only a key economic driver as an industry; it is an indispensable component of broader economic development across the province and country. Tourism and hospitality play a significant role in creating vibrant communities to work and live.
In 2023, there were over 130 million visits to Ontario. The tourism economy is showing year-over-year gains in visitation and spending; however, it is still behind 2019 levels in key areas like cross border and overseas visitation and business travel. Tourism operators are still facing significant challenges, including high debt levels and rising costs, which are constraining profitability and limiting reinvestment. Additionally, recent changes to federal immigration policies are exacerbating labour shortages across the sector, and infrastructure gaps are further hindering the industry’s ability to grow, connect, and compete effectively.
Political and economic uncertainties, particularly in the Canada-U.S. relationship, further impact tourism. The U.S. market represents 22% of tourism spending in Ontario, making cross-border travel and trade essential to our industry’s health. Shifts in immigration policies, tariffs, and trade agreements will have significant ripple effects on travel patterns, consumer behavior and business costs. Our responsiveness to those risks and opportunities is critical.
On February 27, Ontario will head to the polls to elect a provincial government. This election will shape Ontario’s economic strategies, and we must ensure that every candidate vying for elected office understands the limitless opportunities for growth and prosperity in this sector.
This non-partisan microsite is designed to help us start a conversation with all candidates in every riding, in-person, at meetings and on social media about why #OntarioNeedsTourism.