Recovery strategies rooted in science
As we know, the tourism and hospitality industry face a long and challenging recovery. In the face of an unforeseen market instability, businesses, industries and government urgently need data-driven insights and tools to support recovery planning and decision making.
That’s where Destination Dynamics: Realtime, Local, Economic & Labour Forecasting really goes to work.
A first of its kind, Destination Dynamics enhances and extends traditional labour and economic forecasting through the integration of AI enabled web analytics. It enables never before seen labour market and revenue forecasts, by industry segment, at the destination level.
Think of it as a ‘crystal ball’ only rooted in historical data and powerhouse analytics that looks into revenues and employment by region to help create recovery plans at a local level. It can even support government stakeholders in forecasting local spending and tax revenues at each forecasted stage of the recovery.
Because it builds upon Canada’s traditional tourism labour market information and forecasting framework, developed by Conference Board of Canada, the data is relevant to stakeholders and planners at the local, provincial and national level.
DISCLAIMER: The Ontario Tourism Education Corporation (OTEC) has partnered with Conference Board of Canada and Future Fit AI to bring you Destination Dynamics insights across Ontario.
This tool is not optimized for mobile and touch-device use. It is best suited for larger tablets, laptops or desktops. We recommend using Google Chrome, as Safari users may have to enable third party cookies to visualize this site.
Destination Dynamics is part of a suite of tools that is available to TSNO members. TSNO is committed to helping our members navigate the changing world of work provincially and at a community level by forecasting revenue and employment opportunities with the most up to date, relevant data we have. See how Destination Dynamics insights work for yourself.
Looking for revenue forecasting to help you plan for the future? Labour trends? Differentiating between local and visitor spending? There are just a few of the data points that the Economic Impact Forecast Model provides TSNO members. Forecast views are 5 years out and are updated quarterly.
All of which helps make smarter business today for the greatest impact in the future.
Tourism SkillsNet Ontario (TSNO) provides our partners with timely, localized and usable labour market information work and skill requirement trends. Our interactive dashboard provides accessible, clear and usable information to facilitate decision-making by employers, policy markers, service provides and job seekers.
Our customized regional labour market snapshots, as well as, trend analysis, are designed to inform short-term and long-term workforce planning, marketing and investment strategies.