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Tourisme Montreal creates alliance to attract new tourism investments in Montreal

With a dynamic tourism industry, substantial growth in 2015, promising projections for 2016 and the city's 375th anniversary celebrations on the agenda for 2017, Montreal is well positioned to attract new tourism players, which will in turn foster growth within the city.

MONTREAL – Tourisme Montreal is spearheading an initiative to attract a wide range of new investors to Montreal, with a view to diversifying the tourist attractions and events available in the city. A broader and more varied experience is key if we want to increase tourist numbers. That’s why developing the local tourism product is one of the priorities included in Tourisme Montreal’s strategic plan for 2014 to 2018.

In 2014, an Investment Development Committee was created to oversee this initiative. Led by Tourisme Montreal, the group includes Investissement Quebec, Fonds de solidarite FTQ, the Business Development Bank of Canada and Montreal International. The committee’s goal is to develop a better understanding of business opportunities for tourist products, analyze the competition, solicit investors and forge connections with local businesses, private investors and international real estate developers.

“Product development is closely linked with Tourisme Montreal’s mission and the various tourism and financial leaders have to be proactive in attracting international investors to promote growth in Montreal and enhance the city’s reputation,” said Yves Lalumiere, president and CEO of Tourisme Montreal.

With a dynamic tourism industry, substantial growth in 2015, promising projections for 2016 and the city’s 375th anniversary celebrations on the agenda for 2017, Montreal is well positioned to attract new tourism players, which will in turn foster growth within the city.

“Investing in the tourism industry is investing in local job creation. Fonds de solidarite FTQ recognizes how important this sector is for Quebec’s economy and has supported its development ever since we began investment activities in the late 1980s,” said Janie Beique, Senior Vice-President, Industry, Entertainment and Consumer Goods at Fonds de solidarite FTQ “We are very pleased to join forces with Tourisme Montreal and its partners to better support the development of Montreal’s tourist offer, as it will benefit Quebec as a whole.”

Co-Founder & Chief Editor - TravelDailyNews Media Network | Website | + Posts

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.

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