Advisory: Revealing the full impact of tourism in Toronto

TORONTO, June 4, 2024 /CNW/ - The lead economist and author of a new study will present the dramatic impacts of the millions of travelers who visit Toronto each year at Destination Toronto's Annual General Meeting on Thursday, June 6, 2024. The study reveals the significant impact of visitor spending on our economy, local job market, tax revenue, and citywide growth.

What:	Live presentation of new study: Economic Impact of Visitors in Toronto
Who:	Tariq Khan, Senior Economist, Tourism Economics and Oxford Economics
	Andrew Weir, CEO & President, Destination Toronto
	Councillor Shelley Carroll, Economic & Community Development Chair, City of Toronto
Where:	Metro Toronto Convention Centre, John Bassett Theatre, North Building
	255 Front Street West, Toronto, Ontario, M5V 2W6
When:	Thursday, June 6, 2024
	Doors open: 2:30 p.m.
	Presentation starts: 3:00 p.m.
Notes:	Photo / camera opportunity of presentation of visitor economy study to audience of 300+ leaders in Toronto's tourism and hospitality sector
	Media release distribution of study on June 6, 2024 at 6:00 a.m.

The study was prepared by Tourism Economics, a division of Oxford Economics, and commissioned by Destination Toronto in collaboration with the Greater Toronto Hotel Association, Toronto Global, the Toronto Region Board of Trade and the City of Toronto. It is based on 2023 data and provides a new view of Toronto's visitor economy five years after the previous economic impact study, published in 2019.

About Destination Toronto
Toronto's visitor economy is a vital economic engine for the city, generating $8.4 billion in visitor spending in 2023. Destination Toronto's mandate is to reflect the breadth and diversity of Toronto's people, places and culture to inspire residents and visitors to meet, visit and explore our city. Operating in partnership with the City of Toronto and the Greater Toronto Hotel Association, Destination Toronto markets and promotes the city to attract visitors and major meetings and events and supports local businesses to maximize the opportunities of the visitor economy. For more information, please visit DestinationToronto.com.

SOURCE Destination Toronto

Media Contact: Kathy Motton, Destination Toronto - Senior Communications Manager, [email protected], 416-721-9203