Estimating the contribution of a multi-purpose event facility to the area economy

Authors: Hodur, Nancy M.; Bangsund, Dean A.; Leistritz, F. Larry; Kaatz, John

Source: Tourism Economics, Volume 12, Number 2, June 2006 , pp. 303-316(14)

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Abstract:

While the economic impacts of professional sports events and entertainment facilities in major metropolitan areas have been the subject of numerous studies, sports and entertainment facilities in smaller cities have received less attention. This study addresses the economic impact of a multi-purpose sports and auditorium facility located in a small metropolitan area. Intercept surveys at eleven representative events provided information on attendees' expenditures and residence and on the role of the event in motivating visits to the area. Data on attendee expenditures, together with facility operation and vendor outlays, were applied to an input-output model to estimate secondary impacts. The results indicate that the events hosted at the facility varied substantially in their potential to draw attendees from outside the local area and that attendees' expenditure patterns also varied by event type. The overall economic impact of the facility was substantial.

Keywords: ECONOMIC IMPACT; SPORTS EVENTS; ENTERTAINMENT; FARGODOME

Document Type: Research article

DOI: http://dx.doi.org/10.5367/000000006777637449

Publication date: 2006-06-01

More about this publication?

Tourism Economics, published bimonthly, is a peer-reviewed journal devoted to the economics and finance of tourism worldwide. Articles address the components of the tourism product (accommodation; restaurants; merchandizing; attractions; transport; entertainment; tourist activities); and the economic organization of tourism at micro and macro levels (market structure; role of public/private sectors; community interests; strategic planning; marketing; finance; economic development).
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