New projects offer hope for tourism industry

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    From the Niagara Falls Review:

    It’s no secret that given the economic uncertainty in 2008, this year is expected to be a soft – read lousy – year for tourism.

    Gasoline prices are through the roof and they are expected to go even higher this summer. Food prices are also increasing, thanks in large part to the higher costs associated with gasoline and oil.

    When people spend more on the essentials, they have less to spend on their holiday. One U.S. study has concluded that American families planning to take a summer vacation is at a 30-year low. It’s no wonder.

    U.S. soldiers are dying in Iraq. The economy is in the tank.

    Yet, despite the doom and gloom, there is still reason to be optimistic about the future of the tourism industry in Niagara Falls.

    It’s nice to have an optimistic article every once in a while…

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