Skip to content

Tourism is booming: How can we help it stay that way?

The Partnership

March 5, 2025

Blog Categories

Western New York’s hospitality and tourism sector is thriving, with travelers spending a record-breaking $3.7 billion in 2023, an 11% increase over the previous year, according to Oxford Economics. This growing industry fuels local businesses, creates jobs, and strengthens Buffalo Niagara’s economy—but sustaining that momentum requires strategic innovation and careful balance.

On January 30, the Buffalo Niagara Partnership convened top industry leaders at the Hospitality & Tourism Industry Leaders Forum (ILF) to discuss the future of travel and sustainability in our region.

The Challenge: Growth vs. Sustainability

As destinations worldwide compete to attract visitors, the industry faces a dual challenge:
✅ How do we continue to grow Buffalo Niagara’s tourism economy while preserving its cultural and natural heritage?
✅ What local, national, and international trends will shape the future of hospitality in WNY?

Expert Insights from Industry Leaders

A distinguished panel of hospitality and tourism executives shared their perspectives on the sector’s most pressing opportunities and challenges:

Their discussion explored strategies for sustaining growth, enhancing visitor experiences, and ensuring long-term economic impact while balancing tourism with responsible environmental and cultural stewardship.

Why It Matters

Buffalo Niagara’s hospitality and tourism industry plays a critical role in the region’s economic vitality, supporting businesses across multiple sectors. In 2023, Niagara Falls State Park attracted nearly 9.5 million visitors.  Additionally, the Buffalo AKG Art Museum welcomed approximately 325,000 visitors in its inaugural year following expansion, setting a 50-year attendance record. These premier attractions significantly bolster the local economy, underscoring the importance of strategic adaptation and collaboration among industry leaders to maintain Buffalo Niagara as a top-tier destination.

As employers, let's continue these topics of discussion in our organizations to continue the vital momentum of tourism.

 

As the ILF series continues, BNP will bring together executives across manufacturing, healthcare, energy, finance, and more to tackle sector-specific sustainability challenges and uncover new opportunities for economic growth.

Stay tuned for insights from upcoming ILF sessions. Want to be part of the conversation? Learn more about BNP’s Industry Leaders Forum here.

Related Posts

Competing in a Changing Economy: The BNP Small Business Industry Leaders Forum

By growthzone | June 1, 2023

Small business owners are facing constant and complicated challenges, ranging from staffing shortages to rising costs. On May 18, the BNP convened the first Small Business Industry Leaders Forum (ILF) to explore shared strategies and to discuss how the sector can compete in a changing economy and shifting talent market.

Buffalo Niagara tourism builds back from Covid crash, but faces challenges

By growthzone | May 19, 2023

BUFFALO, N.Y. (WKBW) — As the weather gets warmer, tourism in the Buffalo Niagara region becomes more visible – whether it’s the blue ponchos at the Maid of the Mist or convention attendees making their way down Franklin street to the Buffalo Niagara Convention Center.

2023 DEI Symposium: Meet Mauricio C. Diaz, Speaker

By growthzone | May 16, 2023

The BNP is pleased to welcome Mauricio C. Diaz, Program Director, Buffalo Procurement Initiative as a Speaker at our 2023 DEI Symposium. We will be helping you get to know each presenter, panelist, and moderator in the weeks ahead, leading up to the June 1st event.

Understanding the Value of Visitors: The BNP Hospitality & Tourism Industry Leaders Forum

By growthzone | May 4, 2023

Building a positive visitor experience is a cornerstone of the Buffalo Niagara economy. Visitors to Western New York generated $2.7 billion in spending in 2021, according to an Oxford Economics Company report. Now more than ever, our hospitality and tourism sector is essential to the region’s success.