From the Niagara Falls Review:
This is the first installment in a three-part series looking at the state of the city’s tourism industry
Tourism is a volatile business, tied to local and global economies and impacted by national and international events.
Like the exchange rate, for example: Something that has been touted as a big reason why Americans are choosing vacations on their own side of the border as their dollar declines in value on the world market.
The phenomenon is expected to get worse as the Canadian dollar hovers around par with the U.S. greenback.
As Niagara Falls struggles through several slow seasons, it might look a few thousand kilometres to the south for a lesson in how to survive in tough times.