Economic Impacts Of Tourism

12547 words, 51 pages

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Economic Impacts of Tourism Daniel J. Stynes
Businesses and public organizations are increasingly interested in the economic impacts of tourism at national, state, and local levels. One regularly hears claims that tourism supports X jobs in an area or that a festival or special event generated Y million dollars in sales or income in a community. “Multiplier effects” are often cited to capture secondary effects of tourism spending and show the wide range of sectors in a community that may benefit from tourism. Tourism’s economic benefits are touted by the industry for a variety of reasons. Claims of tourism’s economic significance give the industry greater respect among the business community, public officials, and the public... View More »

Body Sample...

The presentation is written for tourism industry analysts and public officials, who would like to better understand, evaluate, or possibly conduct an economic impact assessment. The bulletin is organized around ten basic questions that either are asked or should be asked about the economic impacts of tourism. Ten Questions About the Economic Impacts of Tourism 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. What is an economic impact analysis? What questions does an economic impact assessment answer? What economic impacts does tourism have? What are multiplier effects? How are tourism’s economic impacts measured? What are the typical approaches for an economic impact assessment? What are some examples of economic impact assessment approaches in tourism? What are the steps for conducting a tourism economic impact study? What are some questions to ask when evaluating or interpreting a tourism economic impact study? What will an economic impact study cost?

Economic impacts of Tourism

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1. What is an economic impact analysis? A variety of economic analyses are carried out to support tourism decisions. As these different kinds of economic analysis are frequently confused, let’s begin by positioning economic impact studies within the broader set of economic problems and techniques relevant to tourism. These same techniques may be applied to any policy or action, but we will define them here in the context of tourism. Each type of analysis is identified by the basic question(s) it answers and the types of methods and models that are appropriate.

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