Dunoon the popularity of overseas travel increased. In 1961, during the height of the Cold War, Dunoon became a garrison town to the United States Navy. In 1992, they closed their Holy Loch base, and Dunoon suffered an economic downturn. Since the base's closure, the town and surrounding area are again turning to tourism, marketing to outdoor enthusiasts and wildlife lovers as well as promoting festivals and competitions. The largest annual event held in the town is the Cowal Highland Gathering. The Royal National Mòd has been held in the town seven times and in 2018 will again be held at
Cowal Way the Cowal Way has been listed as one of Scotland's Great Trails by Scottish Natural Heritage. The route is fully waymarked with the Cowal Way logo, which depicts a stylised image of a path in a landscape of hills and lochs. The Cowal Way links directly to the Three Lochs Way, which shares the section between Arrochar and Inveruglas. There are also indirect links to three further Great Trails at both end points of the Cowal Way. At Portavadie there is a Caledonian MacBrayne ferry service to Tarbert, which is one of termini of the Kintyre Way, whilst at Inveruglas