Northern Ontario’s tourism sector is at a crossroads. There are big challenges to navigate, from global economic uncertainty to seasonal realities. Yet, visitor numbers and spending are up, new builds are rising across the north, and there's real momentum in the sector.

In this episode, Gord Knowles, Destination Northern Ontario's Senior Coordinator of Investment Attraction and Economic Development, shares insights into what's driving investor confidence right now, why tourism businesses need to diversify beyond the US market, and the emerging trends that should be on every tourism business operator’s radar.

00:00 Introduction

02:54 The State of Northern Ontario Tourism Right Now

03:44 US Market Uncertainty

04:55 What’s Driving Increasing Investment and Tourism Receipts

08:29 What to Know If You’re Thinking of Selling Your Business

10:37 Is Now a Good Time to Invest in a Northern Ontario Tourism Business?

13:28 Available Capital

14:35 Challenges Investors Should Know About

15:55 Emerging Trends

18:31 Final Thoughts and Credits

Learn more about tourism investment opportunities in Northern Ontario at invest.destination northernontario.ca. Follow DNO on Twitter/X, Facebook, Instagram, or LinkedIn.

About the Destination: Northern Ontario podcast

This is a series for tourism business operators in rugged and beautiful Northern Ontario. Whether you're just starting out, or you've got years under your belt, this podcast will make sure you're well equipped for the journey. If you’re not an operator yet, but plan to buy a tourism business in the north, then check out Season 1 for case studies and expert guidance.

Learn more about tourism investment opportunities in Northern Ontario at invest.destination northernontario.ca. Follow DNO on Twitter/X, Facebook, Instagram, or LinkedIn.

The podcast is hosted by Michelle Samson and produced by Storied Places Media.