Visitor Spending Resulting from a New Facility
Hi There,
I am currently working on running a visitor impact analysis for a proposed equestrian facility. There is an existing industry there and I want to determine the impact of this new facility on food establishments, gas stations, hotels, and local businesses. I know that I will need to run an analysis by parts, but I'm unsure how to account for the hypothetical facility and not just current industry conditions within the county. I have run both a construction and operation benefits model, but I'm not sure how to move forward with this. Methods and recommendations are more than welcome!
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Hello Annaka –
You are correct in modeling the construction of the new facility separately from the operation. Construction jobs are temporary while hopefully the operations will continue yearly. You can run the operations through an Industry Event – no need to use ABP in this case.
In terms of visitor spending, I would recommend checking out our article on Tourism Spending. Modeling spending estimates from tourists coming to the region specifically for the equestrian facility will show you the effects on restaurants, gas stations, etc.
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