Project Economic Impact

A visitor attraction — whether it be a new resort, a sports event, or a museum — can deliver substantial economic benefits to a local economy. Tourism Economics measures the value of these benefits for developers and governments considering public-private partnerships.

Our analysis weighs the direct and indirect economic impacts of the project in terms of visits, spending, jobs, wages, local production, and taxes and compares this to proposed tax abatements or other government subsidies.

On this basis, developers are able to secure favorable terms and governments are able to make responsible economic development decisions.

We deliver not only economic impact analysis, but credibility and support in discussions between developers and public officials. Using this holistic approach, our staff has helped forge agreements on billions of dollars of tourism investment.

Project Impact Diagram

“I wish to thank you for the excellent work you performed … in terms of the degree of analysis, and especially the recommendations flowing from them. We obviously went well beyond the initial agreed scope …and your assessment there was quite useful to us.”
David Johnson Bahamas Ministry of Tourism