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Will Florida visitors in 2026 be above 143.33 million visitors?
20%
Agent
22%
Market Price
-2.2%
Edge
63%
Confidence
29,857
Volume
1.0c
Spread
139
Days to resolution
1
Markets in event
final rationale
Mean of 5 draws (0.16, 0.17, 0.22, 0.22, 0.22). (0) Not yet resolvable. VISIT FLORIDA has published only Q1 2026 (39.88M, -1.0%) and Q2 2026 (34.01M, -0.7%). That puts H1 at 73.5M against 74.5M in H1 2025, down 1.4%. No full-year figure has been published; it is expected around February 2027. (a) About 4.5 months remain until the Feb 26, 2027 close, and the deciding figure probably lands only days before it. (b) Status quo is No: if H2 simply matches H2 2025 (~68.8M), the year totals about 142.3M, below the 143.33M strike. (c) No scenario: the Canadian drag continues, worsened by tariff escalation in August–September. Spirit's May shutdown and weaker air capacity (MCO Labor Day traffic down 5.5%) keep H2 flat or down, giving roughly 141–143M. (d) Yes scenario: H2 grows about 1.5%+ year over year, helped by Latin American and UK overseas growth, Canadian base effects (StatCan August +8.8% YoY), a quiet hurricane season, cruise growth, and possibly upward revisions to H1 that feed the first full-year publication. That would need a clear reversal from the improving-but-negative Q1 to Q2 trend. The market sits at 22%. I shade slightly lower because the required swing of about 2+ points in growth rate is large relative to the gradual trend, and the H2-specific signals so far (MCO, tariffs) lean negative. I keep meaningful probability on revisions and quarterly noise.
price vs. prediction
market price
agent forecast at t+0
8 follow-ups
1. Planner Opus 5.5 · picks the research tools
Tools chosen:
kalshi_direct
kalshi_related
resolution_source
article_search
polymarket_related
Planner reasoning
Kalshi direct gives the price anchor, and kalshi_related shows the sibling strikes, which together form the implied distribution. The resolution_source should be the VISIT FLORIDA research page with its quarterly 2026 estimates (Q1-Q2, possibly Q3). Those year-to-date figures, compared with the 2025 total, are the key data. One targeted article_search for the latest quarterly release figures covers the gap.
2. Research parallel tool calls + 4 web research loops (Sonnet 5) · read raw by the forecasters
at a glance
RESEARCH DIGEST (built in code: tool summaries and each report's bottom line; the forecasters read the full tool outputs and reports)
Tools
- kalshi_direct: ## This Market's Kalshi Data **Above 143.33 million visitors** (KXFLVISITORS-27FEB26-T143.33) - Current price (probability): 22.00% (live; bid 21% / ask 22%) - Last daily close (2026-09-25): 21.00% - 7-day price change: +0.00% - 30-day price change: -10.00% - Average daily volume: 1754 contracts - Price range: 14.00% - 32.00% - Data points: 17 days
- resolution_source: already_resolved=unclear; matches_criteria=True; last_updated=September 10, 2026. The source shows 2025 visitation (143.3 million, Feb 20, 2026 release) and preliminary Q1 2026 data (May 22, 2026 release), but no complete calendar-year 2026 visitor estimate has been published yet; 2026 is still ongoing and full-year data would not be available until early 2027.
- kalshi_related: 1 related markets / summaries. series KXFLVISITORS: 0 markets (skipped 1 no-signal) | keyword 'Florida visitors': ok
- article_search: Fetched 13 unique articles across 2 queries (lookback=200d). 'VISIT FLORIDA second quarter 2026 visitor estimate million': 8 articles | 'Florida 2025 total visitors record VISIT FLORIDA': 8 articles
- polymarket_related: Polymarket search over 2 keyword(s), kept 0 matches. keyword 'Florida visitors': 0 markets | keyword 'Florida tourism': 0 markets
Research loops, bottom lines
- current state: Through the first half of 2026 (the latest official VISIT FLORIDA data as of Oct 10, 2026), Florida visitation is running about 1.4% below the same period in 2025 (73.5M vs 74.5M), driven by domestic non-air softness and a sharp ~14% Canadian decline; extrapolating this pace for the full year would put 2026 visitation below the 143.33 million 2025 record/strike, making the "Yes" outcome currently unlikely absent a strong H2 rebound, though no Q3/Q4 or full-year 2026 data exists yet to confirm th
- base rate: The historical base rate of "Florida sets a new visitor record every year" held for five straight years (2021-2025) but with steadily decelerating growth (13%→2.3%→1.6%→0.2%), and the first two quarters of 2026 have already broken that streak with outright YoY declines (-1.0% Q1, -0.7% Q2, -1.4% H1) driven by a sharp Canadian pullback and slowing domestic/overseas demand—so the outside-view trend has flipped from "virtually always beats prior year" to "currently tracking below the 143.33M thresh
- yes case: The strongest case for YES does not rest on reversing the broad H1 domestic/Canadian decline, but on a narrower, real and accelerating trend — surging Latin American (Colombia +20%, Panama +11%, South America overall +5.5%) and select European (UK +17%, Ireland +15%) overseas arrivals, plus air-travel growth outpacing the drive-market, which could meaningfully narrow or close the roughly 1.4% H1 gap if it continues through H2's holiday season even as MCO's Labor Day data show headline air traffi
- no case: Hitting 143.33 million for full-year 2026 requires H2 2026 visitation to grow roughly 1.5% over H2 2025, a reversal of the -0.7% to -1.4% trend already confirmed through Q2, in an environment where the US-Canada tariff war escalated further (50% tariffs, retaliatory measures) in August–September 2026 and official Q3/full-year data won't be published until deep into Q4 2026/Q1 2027 — all of which weighs toward resolution as NO.
tools
| tool | status | time | items | summary |
|---|---|---|---|---|
| kalshi_direct | OK | 0.2s | 1 | ## This Market's Kalshi Data **Above 143.33 million visitors** (KXFLVISITORS-27FEB26-T143.33) - Current price (probability): 22.00% (live; bid 21% / ask 22%) - Last daily close (2026-09-25): 21.00% - 7-day price change: +0.00% - 30-day price change: -10.00% - Average daily volume: 1754 contracts - |
| kalshi_related | OK | 0.7s | 1 | 1 related markets / summaries. series KXFLVISITORS: 0 markets (skipped 1 no-signal) | keyword 'Florida visitors': ok |
| resolution_source | OK | 3.8s | 1 | already_resolved=unclear; matches_criteria=True; last_updated=September 10, 2026. The source shows 2025 visitation (143.3 million, Feb 20, 2026 release) and preliminary Q1 2026 data (May 22, 2026 release), but no complete calendar-year 2026 visitor estimate has been published yet; 2026 is still ongo |
| article_search | OK | 5.8s | 13 | Fetched 13 unique articles across 2 queries (lookback=200d). 'VISIT FLORIDA second quarter 2026 visitor estimate million': 8 articles | 'Florida 2025 total visitors record VISIT FLORIDA': 8 articles |
| polymarket_related | OK | 0.6s | 0 | Polymarket search over 2 keyword(s), kept 0 matches. keyword 'Florida visitors': 0 markets | keyword 'Florida tourism': 0 markets |
research loops
·
4/4 ok ·
19 searches ·
5 page reads
| dimension | status | time | searches | page reads | report |
|---|---|---|---|---|---|
| current state | OK | 37s | 4 | 2 | 5008 chars |
| base rate | OK | 41s | 4 | 2 | 5841 chars |
| yes case | SNIPPETS | 40s | 6 | 0 | 4841 chars · no page read; snippets only |
| no case | OK | 43s | 5 | 1 | 5473 chars |
report: current state
- [2026-02-20] VISIT FLORIDA/Gov. DeSantis announced a preliminary 2025 full-year total of
"Florida welcomed 143.3 Million Visitors in 2025: another record-setting performance for the Sunshine State"
, with Q4 2025 at 33.5 million. (https://www.visitflorida.org/about-us/media/news-releases/article-details/?releaseId=21303)
- [2026-05-26] VISIT FLORIDA revised the final 2025 total upward to 143.33 million (from an initial 143.29M), confirmed via
"Included with the first quarter report, Visit Florida revised the overall count for 2025 from 143.29 million to 143.33 million"
. This is the 143.33M strike benchmark itself. (https://www.floridatrend.com/articles/2026/05/26/fewer-tourists-visited-florida-first-quarter-2026/)
- [2026-05-26] VISIT FLORIDA's first official 2026 data point: Q1 2026 came in at
"An estimated 39.88 million travelers visited Florida in Q1 2026, -1.0 percent from Q1 2025"
. (https://www.visitflorida.org/about-us/media/news-releases/article-details/?releaseId=21322)
- [2026-05-26] Domestic non-air travel drove the softness, while overseas visitation rose:
"Overseas visitation reached an estimated 2.3 million visitors in Q1 2026, accounting for 5.8 percent of total visitation and increasing +8.5 percent year over year from Q1 2025"
. (https://www.visitflorida.org/about-us/media/news-releases/article-details/?releaseId=21322)
- [2026-08-24] Q2 2026 figures posted online (not a formal press release) show continued softening:
"An estimated 34.01 million second quarter visitors visited Florida in the spring, bringing the number of tourists over the first half of the year to 73.5 million"
. (https://www.cbsnews.com/miami/news/florida-tourism-numbers-decline-again-auguat-2026/)
- [2026-08-24] This marks two consecutive quarterly declines:
"The year-to-year decline is slight – 0.7% for the second quarter and 1.4% for the year so far"
, with H1 2025 having been 74.5 million. (https://www.cbsnews.com/miami/news/florida-tourism-numbers-decline-again-auguat-2026/)
- [2026-08-24] Canadian visitation is the primary drag:
"About 1.68 million Canadians visited Florida in the first six months of 2026, according to VISIT FLORIDA data, a drop of 13.9 percent from the 1.93 million who made the trip during the same period in 2025"
. (https://www.travelerstoday.com/articles/60919/20260829/floridas-tourism-brand-hits-162-billion-what-record-means-your-trip.htm)
- [2026-10-06] An analytical recap (4 days before today) confirms the H1 picture and notes
"Domestic, overseas and Canadian visitation all declined in the second quarter, which rules out the simplest explanations involving a single market or a single event"
. (https://www.thefloridapress.com/news/florida-tourism-slips-a-second-straight-quarter-as-canadian-visits-drop-14)
- [2026-09-10] VISIT FLORIDA's most recent official news release (Florida Tourism Industry Awards) contains no new visitor-count data; no Q3 2026 release has yet been published as of today (Oct 10, 2026). (https://www.visitflorida.org/about-us/media/news-releases/)
- [2025-12-31] Historical release pattern: Q3 2025 data was not published until Dec 31, 2025, implying Q3 2026 data will likely not be released until roughly late December 2026, and the full-year 2026 preliminary estimate will likely not appear until around February 2027 (mirroring the Feb 20, 2026 release for 2025), close to or possibly after the Feb 26, 2027 market close. (https://www.visitflorida.org/about-us/media/news-releases/article-details/?releaseId=21299)
- [2026-08-28] Separately, Brand Finance (not VISIT FLORIDA) reported
"Florida's own tourism data told a different story"
than its record $162 billion brand-value announcement, underscoring that brand strength has diverged from actual visitor counts in 2026. (https://www.travelerstoday.com/articles/60919/20260829/floridas-tourism-brand-hits-162-billion-what-record-means-your-trip.htm)
- [2026-mid] A third-party tourism-data tracker's running YTD figure through June 2026 corroborates the 73.5 million H1 total reported directly by VISIT FLORIDA. (https://tourismanalytics.com/florida-statistics.html)
BOTTOM LINE: Through the first half of 2026 (the latest official VISIT FLORIDA data as of Oct 10, 2026), Florida visitation is running about 1.4% below the same period in 2025 (73.5M vs 74.5M), driven by domestic non-air softness and a sharp ~14% Canadian decline; extrapolating this pace for the full year would put 2026 visitation below the 143.33 million 2025 record/strike, making the "Yes" outcome currently unlikely absent a strong H2 rebound, though no Q3/Q4 or full-year 2026 data exists yet to confirm the final outcome.
NOT FOUND: An official VISIT FLORIDA Q3 2026 release (expected ~December 2026/January 2027, based on last year's Dec 31, 2025 timing for Q3 2025); any official full-year 2026 preliminary estimate (expected ~February 2027, potentially near or after the Feb 26, 2027 market close); any VISIT FLORIDA-issued full-year 2026 forecast/target number.
report: base rate
- [2026-05-22] VISIT FLORIDA's revised full-year 2025 total was
"Florida welcomed a revised total of 143.33 million visitors in 2025, an increase of 0.2% over the previous year and a record for the State of Florida."
This 143.33M figure is the exact strike for the 2026 question. https://www.visitflorida.org/about-us/media/news-releases/article-details/?releaseId=21322
- Reference class (annual CY visitor totals, VISIT FLORIDA): 2021 ≈121.8M, 2022 ≈137.6M, 2023 ≈140.6M,
"142.9 million visitors traveled to Florida in Calendar Year (CY) 2024, marking a 1.6% increase from CY 2023 and the highest visitation on record"
, and 2025 ≈143.33M (revised). In this reference class, each year from 2021-2025 set a new record (5-for-5 YES rate historically), but the YoY growth rate has steadily decelerated: ~13% (2021→22), 2.3% (2022→23), 1.6% (2023→24), 0.2% (2024→25).
- [2026-05-22] Early signal for 2026 already breaks the record-every-year pattern:
VISIT FLORIDA released preliminary first quarter 2026 estimates, showing Florida welcomed 39.88 million visitors from January through March 2026, -1.0 percent from Q1 2025.
https://www.travelpress.com/visit-florida-releases-updated-data-that-shows-higher-canadian-visitation-that-previously-estimated/
- [2026-08-26] Q2 2026 confirmed the downturn:
"Florida's tourism economy contracted for a second consecutive quarter... with an estimated 34.01 million visitors arriving between April and June, down 0.7 percent from the same period in 2025... For the first six months of 2026, Florida recorded an estimated 73.5 million visitors, a 1.4 percent decrease from the first half of 2025."
https://www.thefloridapress.com/news/florida-tourism-slips-a-second-straight-quarter-as-canadian-visits-drop-14
- [2026-08-26] (CBS Miami, reporting VISIT FLORIDA/state data) confirms H1 comparison:
"The overall domestic and Canadian numbers for the first half of the year were also lower than in the same period of 2025, when the state handled about 74.5 million of its record 143.3 million visitors."
https://www.cbsnews.com/miami/news/florida-tourism-numbers-decline-again-auguat-2026/
- Official state economic forecasters are flagging the same deceleration as structural, not noise:
"The Revenue Estimating Conference, a panel of economists that develops Florida's official revenue projections, said in an Aug. 14 update that inflation has outpaced wage growth and increased consumers' reliance on credit. The panel also pointed to federal forecasts showing slower growth in tourism, construction and real estate."
https://www.fox35orlando.com/news/florida-tourism-dips-again-canadian-visitors-decline-sharply
- Driver of the decline:
"Approximately 721,000 Canadians visited Florida in the second quarter, a 4.2 percent decline from the same quarter in 2025. Across the first six months, roughly 1.68 million Canadians traveled to Florida, down 13.9 percent from the first half of 2025."
Analysts attribute this partly to a persistent behavioral shift (tariff tensions, "51st state" rhetoric) rather than a one-quarter fluctuation, per Statistics Canada findings cited in that report. https://www.thefloridapress.com/news/florida-tourism-slips-a-second-straight-quarter-as-canadian-visits-drop-14
- Base-rate "record every year" streak: In the post-pandemic recovery period (2021-2025), Florida visitor totals rose every single year, i.e., a naive base rate would suggest continuation (~100% historical YES rate for "beats prior year"). However, that streak was built on high-growth recovery years; growth had already slowed to just +0.2% in 2025, the smallest margin of the streak, making a reversal statistically more likely as the "low-hanging fruit" of pandemic recovery is exhausted.
- Third-party forecasts diverge: one non-primary source, a real-estate-oriented site,
"Florida tourism continues its post-pandemic growth trajectory in 2026, with Visit Florida (the state's official tourism marketing corporation) projecting 140-143 million visitors for the year—representing approximately 2-4% growth over 2024-2025 levels."
This conflicts with the actual H1 2026 VISIT FLORIDA data showing a decline, and should be treated with caution (likely an outdated or unreliable secondary estimate, not an official VISIT FLORIDA forecast).
- Timing/process base rate: VISIT FLORIDA has reliably published full-year estimates in mid-to-late February of the following year (2024 data released Feb 2025; 2025 data released Feb 20, 2026), per
Governor Ron DeSantis's February announcement of "preliminary estimates from VISIT FLORIDA indicating that Florida welcomed 143.3 million visitors in calendar year 2025."
This means the market's Feb 26, 2027 close date aligns with the expected publication date of the 2026 full-year figure, so the market is very likely to resolve on hard data rather than close without resolution.
BOTTOM LINE: The historical base rate of "Florida sets a new visitor record every year" held for five straight years (2021-2025) but with steadily decelerating growth (13%→2.3%→1.6%→0.2%), and the first two quarters of 2026 have already broken that streak with outright YoY declines (-1.0% Q1, -0.7% Q2, -1.4% H1) driven by a sharp Canadian pullback and slowing domestic/overseas demand—so the outside-view trend has flipped from "virtually always beats prior year" to "currently tracking below the 143.33M threshold," though a strong H2 (holiday/winter season) could still narrow or close the gap.
NOT FOUND: An explicit full-year 2026 forecast or projection published directly by VISIT FLORIDA itself (only quarterly actuals through Q2 2026 were found); no Q3 2026 data yet (expected in fall 2026, per the agency's typical release schedule); no betting-market or prediction-market historical track record for this specific VISIT FLORIDA contract type.
report: yes case
YES means: VISIT FLORIDA's official calendar-year 2026 visitor estimate — expected to be first published around February 2027 — comes in above 143.33 million person-trips.
- [2026-09-06] Orlando International Airport (MCO), Florida's busiest gateway, projected 841,577 passengers for the Labor Day period, which was
nearly 50,000 fewer passengers than the approximately 891,000 travelers recorded during the same period in 2025 — a decline of about 5.5%
, partly attributed to
the closure of Spirit Airlines in May
— a headwind, but it also shows MCO remains a massive, resilient volume base that could still anchor a strong Q4.
- [2026-09-29 approx] A Travel And Tour World analysis citing VISIT FLORIDA/DOC data found that in Q1 2026
the state recorded 39.88 million visitors in the first quarter, down 1% year on year. Yet overseas visitation rose 8.5% to approximately 2.29 million
, with
domestic air visitation also increasing 2.5% to 13.85 million while non-air visitation fell 3.4% to 22.69 million, suggesting Florida's 2026 visitor story is becoming more aviation-led even as the road market softens
— a structural shift that could favor H2 if air demand continues outpacing drive-market softness.
- [2026-ca. Sept] The same outlet's regional breakdown of 2026 overseas arrivals found
South America delivered 2,728,255 visitors year to date, up 5.5% from the comparable period, an increase of 142,028 visitors, accounting for roughly 17.9% of total overseas visitation and the only major region posting substantial growth
, with
South American visitation up 5.5%, while Colombia is running at 124% of 2019 levels and Mexico at 148%
— Florida is a prime beneficiary of this Latin American surge given its air/cruise ties.
- [2026-ca. Jul] Country-level data show accelerating Latin American inbound growth:
Colombia has emerged as one of Florida's fastest-growing international visitor markets, sending 173,694 travellers to the state between January and April 2026, an impressive 20.1% increase compared with the previous year
, and
Panama sent 192,150 visitors in Jan–Apr 2026, up 10.6% year-over-year
.
- [2026-ca. Sept] European niche markets also strengthened early in the year:
UK visitation rose 17.2% in Q1 2026, while Irish arrivals increased 14.5%
, suggesting diversification away from the weak Canadian market is partially offsetting losses.
- [2025-12-31] The most recent full prior-year comparable quarter (Q3 2025) itself beat its prior year, with
Visit Florida estimating 34.339 million people traveled to the state between the start of July and end of September, up from 34.239 million during the same period in 2024
, showing Q3 has historically been a quarter where small gains can still occur even amid a soft Canadian market, which is the template bulls need to repeat for Q3 2026.
- [2026-10-ca.] A secondary tourism-outlook piece still frames 2026 optimistically, claiming
Florida's tourism sector continues to post record visitation levels across the state, having recently reported over 140 million visitors in a single year, marking one of the strongest tourism performances in its history
— though this cites the 2025 record, not confirmed 2026 pace, and should be read as marketing-oriented framing rather than new data.
- [2026-ca. Aug-Sep] Domestically, holiday/winter forecasting remains robust: AAA's historical Thanksgiving pattern shows
Thanksgiving travel volume has grown roughly 2-3% year-over-year for the past decade (excluding the 2020 anomaly), and 2026 is unlikely to break that trend
, and Florida is consistently a top AAA-booking destination for the holiday, which could help Q4 domestic volumes recover from the H1 softness.
- [2026-ca. Sept] Cruise travel, a growing non-air visitor channel funneling through Florida's ports, continues to expand: AAA projects
21.7 million U.S. cruise passengers in 2026
, up from 20.7 million in 2025, a trend that favors South Florida ports (Miami, Fort Lauderdale, Port Canaveral) and could lift Q4 "other modes" visitor counts.
BOTTOM LINE: The strongest case for YES does not rest on reversing the broad H1 domestic/Canadian decline, but on a narrower, real and accelerating trend — surging Latin American (Colombia +20%, Panama +11%, South America overall +5.5%) and select European (UK +17%, Ireland +15%) overseas arrivals, plus air-travel growth outpacing the drive-market, which could meaningfully narrow or close the roughly 1.4% H1 gap if it continues through H2's holiday season even as MCO's Labor Day data show headline air traffic still down 5.5% YoY.
NOT FOUND: Any official VISIT FLORIDA Q3 2026 release (not yet published as of Oct 10, 2026); any explicit internal VISIT FLORIDA full-year 2026 target/forecast; MCO or other Florida airport full calendar-year 2026 enplanement totals beyond the Labor Day snapshot.
report: no case
YES means: VISIT FLORIDA's official calendar-year-2026 visitor estimate (first published figure, pre-revision) exceeds 143.33 million person-trips.
- [2026-10-06] The most recent independent analysis states Q3 2026 data (July–September) "will arrive in the fall" and explicitly flags it as "Florida's slowest [quarter]" and "heavily domestic," meaning it alone is unlikely to reverse the YTD shortfall even if modestly positive. (https://www.thefloridapress.com/news/florida-tourism-slips-a-second-straight-quarter-as-canadian-visits-drop-14)
- [2026-10-10] As of today, no VISIT FLORIDA Q3 2026 release has appeared on its official news-releases page, confirming the full-year 2026 preliminary figure will almost certainly not be known until February 2027, mirroring the Feb 20, 2026 timing for the 2025 figure — leaving the market to resolve on a number that may arrive only days before the Feb 26, 2027 close. (https://www.visitflorida.org/about-us/media/news-releases/)
- [2026-08-29] A Spanish-language wire report confirms the tariff war with Canada "escalated to 50% after bilateral negotiations collapsed" in August 2026, with Canada announcing retaliatory tariffs on roughly $20 billion of US goods effective September 8, 2026 — a fresh, H2-specific shock not reflected in the H1 data already reported. (https://www.cubaheadlines.com/articles/339035)
- [2026-08-29] The same report notes a presidential executive order to rename Lake Ontario was "flatly rejected" by PM Carney, an additional diplomatic irritant arising mid-2026 that analysts link to continued avoidance of US travel by Canadians. (https://www.cubaheadlines.com/articles/339035)
- [2026-09-11] Arithmetic check: VISIT FLORIDA's own numbers imply H2 2025 was roughly 68.8 million (143.33M total minus 74.5M H1); matching the 143.33M strike in 2026 after a 73.5M H1 requires roughly 69.8 million in H2 2026 — about +1.5% growth versus H2 2025 — a sharp reversal from the -0.7%/-1.4% trend seen in Q1–Q2 2026, which colleagues' reports already establish. (derived from https://www.cbsnews.com/miami/news/florida-tourism-numbers-decline-again-auguat-2026/ and https://www.thefloridapress.com/news/florida-tourism-slips-a-second-straight-quarter-as-canadian-visits-drop-14)
- [2026-09-11] Statistics Canada's national leading indicator shows Canadian-resident return trips from the US in August 2026 were up 8.8% year-over-year, but this is explicitly attributed to a "base-year effect" against 2025's depressed levels rather than a real recovery, and national totals remain roughly 27% below 2024 — a caution that any apparent Canadian "rebound" nationally may not translate into a Florida-specific turnaround large enough to offset the H1 shortfall. (https://www.forbes.com/sites/suzannerowankelleher/2026/09/11/canadians-to-us-down-from-2024/)
- [2026-09-29 (StatCan pub)] Even the most recent available national data (July/August 2026) describing Canadian return trips from the US as a "slow thaw" still shows air travel 15.6% below 2024 levels, underscoring that any Canadian recovery is partial and gradual, not the kind of snap-back needed to deliver the +1.5% H2 growth implied above for Florida alone. (https://www.nomadlawyer.org/canadians-are-finally-flying-to-the-us-again-after-34-months-but-barely)
- [2026-09-20/economic] Florida's own state economists (Revenue Estimating Conference, referenced via the Aug 14 update already cited by colleagues) continue to flag "slowing in tourism growth" as a structural, not transitory, condition tied to inflation outpacing wage growth — a status-quo-inertia argument that nothing in the policy or macro environment as of October 2026 points to a reversal. (https://www.cbsnews.com/miami/news/florida-tourism-numbers-decline-again-auguat-2026/)
- [2026-08-24] Official VISIT FLORIDA/state reporting already shows overseas visitation growth decelerating within the first half — Q2 2026 overseas arrivals fell 3.7% year over year even though the H1 overseas total stayed up 2.2%, suggesting the one segment that had been offsetting Canadian weakness is itself losing momentum quarter over quarter. (https://www.cbsnews.com/miami/news/florida-tourism-numbers-decline-again-auguat-2026/)
- [2026-10-08] This year's hurricane season set a rare record, not forming its first hurricane until October 8 — while a quiet season is generally favorable for visitation, it has not been enough to offset the broader demand-side (Canadian/tariff/inflation) drag seen through two full quarters, reinforcing that the shortfall is structural/economic rather than storm-driven and not easily reversed by favorable weather alone. (https://en.wikipedia.org/wiki/2026_Atlantic_hurricane_season)
BOTTOM LINE: Hitting 143.33 million for full-year 2026 requires H2 2026 visitation to grow roughly 1.5% over H2 2025, a reversal of the -0.7% to -1.4% trend already confirmed through Q2, in an environment where the US-Canada tariff war escalated further (50% tariffs, retaliatory measures) in August–September 2026 and official Q3/full-year data won't be published until deep into Q4 2026/Q1 2027 — all of which weighs toward resolution as NO.
NOT FOUND: Any official VISIT FLORIDA Q3 2026 release or preliminary full-year 2026 forecast; any Florida-specific (as opposed to national StatCan) data for September or October 2026 Canadian arrivals; confirmation of whether the September 8 Canadian retaliatory tariffs were implemented as announced or later modified.
3. Forecasters 5 draws · Opus 5.5 + GPT-6 Astra + GPT-5.6 Sol · plain mean
claude-opus-5-5 · high effort
60% conf
| Yes | 16% |
| No | 84% |
(0) Not yet resolvable. VISIT FLORIDA has published only Q1 2026 (39.88M, -1.0%) and Q2 2026 (34.01M, -0.7%). That puts H1 at 73.5M against 74.5M in H1 2025, down 1.4%. No full-year figure has been published; it is expected around February 2027. (a) About 4.5 months remain until the Feb 26, 2027 close, and the deciding figure probably lands only days before it. (b) Status quo is No: if H2 simply matches H2 2025 (~68.8M), the year totals about 142.3M, below the 143.33M strike. (c) No scenario: the Canadian drag continues, worsened by tariff escalation in August–September. Spirit's May shutdown and weaker air capacity (MCO Labor Day traffic down 5.5%) keep H2 flat or down, giving roughly 141–143M. (d) Yes scenario: H2 grows about 1.5%+ year over year, helped by Latin American and UK overseas growth, Canadian base effects (StatCan August +8.8% YoY), a quiet hurricane season, cruise growth, and possibly upward revisions to H1 that feed the first full-year publication. That would need a clear reversal from the improving-but-negative Q1 to Q2 trend. The market sits at 22%. I shade slightly lower because the required swing of about 2+ points in growth rate is large relative to the gradual trend, and the H2-specific signals so far (MCO, tariffs) lean negative. I keep meaningful probability on revisions and quarterly noise.
claude-opus-5-5 · high effort
60% conf
| Yes | 17% |
| No | 83% |
(0) Not resolved. VISIT FLORIDA has published only Q1 and Q2 2026 data. The full-year 2026 preliminary estimate is expected around mid-to-late February 2027, mirroring the Feb 20, 2026 release of the 2025 figure. (a) About 4.5 months remain until the Feb 26, 2027 close, and the calendar year itself still has Q4 to run. (b) Status quo is NO: H1 2026 was 73.5M against 74.5M in H1 2025 (-1.4%), with Q1 at -1.0% and Q2 at -0.7%. Extrapolating that pace lands about 1.5-2M short of the 143.33M strike, which is exactly the revised 2025 total. (c) NO scenario: H2 stays flat or negative. Drivers would be the ~14% Canadian decline worsened by the August–September tariff escalation, Spirit's May closure (MCO Labor Day traffic down 5.5%), softer domestic drive travel, and overseas growth turning negative in Q2. (d) YES scenario: H2 grows about 1.5%+ over H2 2025. That could come from easier Canadian comparisons (StatCan shows August return trips up 8.8% on base effects), a quiet hurricane season, Latin American air demand, cruise growth and a solid holiday quarter, possibly helped by revisions to the H1 numbers in the full-year release. The market sits at 22% and has fallen 10 points in 30 days. I shade slightly below it because two straight down quarters and new Canada-specific headwinds make a 1.5% H2 swing uncommon, given 2025 growth was only +0.2%. There is also small tail risk that publication timing around the close hurts YES.
gpt-6-astra · high effort
63% conf
| Yes | 22% |
| No | 78% |
VISIT FLORIDA's research and news pages contain no complete calendar-year 2026 estimate, so the resolving condition is neither already met nor impossible. About 82 days remain in the visitor-counting year and 139 days until the February 26, 2027 close; Yes requires the first official annual estimate to exceed 143.33 million by that deadline. I retain Kalshi's live 22% Yes anchor because the research provides no sufficiently reliable, demonstrably unpriced information to justify moving away. The status quo favors No: CBS Miami's August reporting puts H1 visitation at 73.5 million versus 74.5 million a year earlier, and continuing the reported 1.4% decline would produce roughly 141.3 million annually. A No scenario is persistent domestic and Canadian weakness, compounded by the reported 3.7% Q2 overseas decline, preventing a second-half recovery. A Yes scenario requires H2 visitation above roughly 69.83 million—approximately 1.5% growth over H2 2025—supported by stronger domestic holiday travel and recovering international demand, a plausible but unconfirmed reversal. Confidence is limited because reported Q1 and Q2 figures sum to 73.89 million rather than the stated 73.5 million H1 total, Q3 remains unavailable, and several bullish forecasts and bearish policy claims are weakly sourced. Settlement depends specifically on VISIT FLORIDA's initial statewide nonresident person-trip estimate, not airport or cruise traffic: publication delays and rounding introduce uncertainty, while the reported 2025 revision from 143.29 to 143.33 million illustrates why subsequent revisions cannot be assumed to rescue a below-strike first release.
gpt-6-astra · high effort
62% conf
| Yes | 22% |
| No | 78% |
I retain Kalshi's live 22% YES anchor (21% bid/22% ask), because the research supports its pessimism without establishing a reliable unpriced catalyst. VISIT FLORIDA's research and news-release pages show no complete 2026 estimate, so neither outcome is established; YES requires the first official calendar-year statewide nonresident visitor person-trip estimate to exceed 143.33 million. As of October 10, 82 days remain in the measurement year and 139 days until the February 26, 2027 close, near the usual February publication window. The status quo favors NO: CBS Miami's August reporting puts H1 at 73.5 million versus 74.5 million a year earlier, and continuation of that decline implies roughly 141–142 million for 2026. A NO scenario is persistent domestic softness and Canadian weakness, compounded by Q2 overseas visitation falling 3.7%, outweighing the increasingly weak post-pandemic growth trend. A YES scenario requires H2 to exceed approximately 69.83 million, about 1.5% above the comparable 2025 half, through renewed domestic demand and overseas growth—a plausible but unconfirmed reversal. Confidence is limited because the reported quarterly figures sum to 73.89 million rather than the reported 73.5 million H1 total, Q3 remains unpublished, and several bullish and bearish catalysts rely on weak secondary sources. I also retain settlement uncertainty for publication delays and reporting precision: later revisions cannot rescue an initially subthreshold estimate, as illustrated by Florida Trend's May 26 report that 2025 was revised from 143.29 million to 143.33 million.
gpt-5.6-sol · high effort
69% conf
| Yes | 22% |
| No | 78% |
(0) Resolution check: VISIT FLORIDA’s research and news-release pages contain no complete calendar-year 2026 estimate, so neither outcome is already determined; visitation through December 31 must be counted and the first official full-year publication is expected around February 2027. (a) About 82 days remain in the 2026 visitation period and 139 days remain until the February 26, 2027 market close. (b) If the reported trend persists, the status quo is No: H1 visitation was approximately 73.5 million versus 74.5 million in 2025, or about 1.4% lower. Kalshi’s Yes price is 22%, and I retain that anchor because the available research supplies no Q3 count or clearly unpriced evidence strong enough to justify a material adjustment. (c) No results if Canadian weakness and softer domestic demand continue, preventing H2 from reaching the roughly 69.8 million visitors needed—about 1.5% above H2 2025—to exceed the strict 143.33 million threshold. (d) Yes results if expanding Latin American and selected European visitation, domestic air growth, holiday travel, and cruises produce a sharp H2 rebound despite the first-half decline. The missing Q3 data and the preliminary-estimate methodology leave meaningful uncertainty, but two consecutive declining quarters and slowing overseas momentum favor No.
4. Final plain mean of 5 draws
20%
(63% confidence)
Yes: 20%
No: 80%
Mean of 5 draws (0.16, 0.17, 0.22, 0.22, 0.22). (0) Not yet resolvable. VISIT FLORIDA has published only Q1 2026 (39.88M, -1.0%) and Q2 2026 (34.01M, -0.7%). That puts H1 at 73.5M against 74.5M in H1 2025, down 1.4%. No full-year figure has been published; it is expected around February 2027. (a) About 4.5 months remain until the Feb 26, 2027 close, and the deciding figure probably lands only days before it. (b) Status quo is No: if H2 simply matches H2 2025 (~68.8M), the year totals about 142.3M, below the 143.33M strike. (c) No scenario: the Canadian drag continues, worsened by tariff escalation in August–September. Spirit's May shutdown and weaker air capacity (MCO Labor Day traffic down 5.5%) keep H2 flat or down, giving roughly 141–143M. (d) Yes scenario: H2 grows about 1.5%+ year over year, helped by Latin American and UK overseas growth, Canadian base effects (StatCan August +8.8% YoY), a quiet hurricane season, cruise growth, and possibly upward revisions to H1 that feed the first full-year publication. That would need a clear reversal from the improving-but-negative Q1 to Q2 trend. The market sits at 22%. I shade slightly lower because the required swing of about 2+ points in growth rate is large relative to the gradual trend, and the H2-specific signals so far (MCO, tariffs) lean negative. I keep meaningful probability on revisions and quarterly noise.
Pipeline Timing
Total pipeline time: 122.4s
Per-tool research timings shown in the Research section above.