3 ms·
Niagara Falls has seen steady growth in terms of tourism revenue and annual visitors for at least close to 30 years (that's as far back as I could find)... And
by ravitation 9y ago
Niagara Falls has seen steady growth in terms of tourism revenue and annual visitors for at least close to 30 years (that's as far back as I could find)... And current revenue numbers are (obviously) all time records... So... I'm not really sure what you're talking about.
- dredmorbius 9y agoMeasures of social significance of Niagara Falls as a destination of significance. Or: who is vacationing to N.F.? Is it Wall Street bankers, or working-class types from Cleveland? I'd also strongly suggest not getting too fixated on that one instance. I'm suggesting it as I suspect it might fit, but not because I'm positive of that. Question is if there are any instances along the lines I'd sketched out above. I'm looking through what tourist destinations (or ventures) have failed. One additional dynamic: if the money's high, then net of financing a fall in the market can be catastrophic due to the loan-service nut that must be covered. It's not viable to drop the price, as that would fail to meet debt obligations. The search here turns up several examples of this. https://duckduckgo.com/?q=failed+tourist+destination&ia=news https://duckduckgo.com/?q=failed+tourist+destination&ia=news
- ravitation 9y agoI mean... If the original developer can't consistently meet debt obligations, then the development goes into foreclosure, and then a new developer lowers the price... Regardless... I still don't see a good example of a tourist destination failing while also seemingly being profitable... Niagara Falls isn't even an example of a failed tourist destination.