HomeMy WebLinkAbout1.b. RRC 040313 Economic Impact of Events in 2012Economic Impact of Special Events 2012
Economic Development Office
March 4, 2013
Photo by Jack Affleck
Economic Impact of Special Events 2012
INDIVIDUAL EVENT RESULTS – Per Capita Daily Spending
2 Town of Vail | Economic Development Office | 3/4/13
$322
$291
$271
$251 $242 $235
$216 $215
$192 $185 $179 $178 $177 $175 $165 $152 $144 $142
$125 $122 $118 $116 $113 $112 $100 $96 $95 $89
$50
$166
$0
$50
$100
$150
$200
$250
$300
$350
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Total amount you will spend today and tonight in TOV*
Mean
*TOV full-time and seasonal residents: spending during the event timeframe only.
Overall average=$166
Economic Impact of Special Events 2012
INDIVIDUAL EVENT RESULTS – Direct Economic Impact
3 Town of Vail | Economic Development Office | 3/4/13
$1
0
,
2
0
8
,
2
4
2
$9
,
7
5
3
,
6
8
4
$4
,
8
1
0
,
2
4
1
$4
,
6
5
2
,
0
9
6
$3
,
7
8
2
,
5
1
0
$3
,
5
8
2
,
6
9
9
$3
,
4
7
7
,
1
4
1
$2
,
4
9
4
,
1
8
6
$2
,
3
8
8
,
7
6
9
$2
,
3
0
3
,
1
0
8
$2
,
3
0
2
,
3
1
0
$2
,
2
9
5
,
3
3
5
$2
,
1
7
5
,
0
1
9
$1
,
9
9
1
,
9
6
0
$1
,
4
8
9
,
1
0
6
$1
,
3
7
1
,
9
8
1
$1
,
1
9
5
,
0
8
0
$7
7
5
,
2
8
8
$7
3
7
,
3
3
7
$6
7
5
,
6
7
0
$6
1
7
,
4
8
6
$4
9
7
,
1
8
3
$2
7
2
,
1
7
9
$2
0
0
,
4
6
4
$1
9
2
,
9
4
2
$1
3
4
,
4
7
7
$5
9
,
4
6
0
$3
2
,
3
3
0
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
$8,000,000
$9,000,000
$10,000,000
$11,000,000
Di
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c
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E
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Estimated direct economic impact to TOV
Overall average=$3.1 million(if Farmers Market @ $24.5M)
Farmers Market: $24.5M@ 25% less attendees: $18.4M