TOURISM ECONOMIC IMPACT

Tourism Economic Input

...is the change in sales, income and jobs in businesses or agencies that receive tourists' spending directly, indirectly or as a result of household expenditures, from the income earned directly or indirectly because tourists came to the community and spent money there.

The tourism economic impact of an event takes into account incremental spending by tourists who travel from outside the community and go to the event.  incremental spending is money that is spent at or because of the event that would not otherwise have been spent in the community.

It does not include spending associated with the event by people who live in the community.  A tourism economic impact assessment is most appropriate for small and medium sized events that attract at least  ten percent of their total attendance from tourists.

On-site Spending

...is money spent at the event site itself and for tickets to attend the event.  It also includes money spent on parking, refreshments, souvenirs and other retail purchases and additional admission fees (e.g., amusement fees for rides, movies, concerts, etc.) on the site.

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