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A Guide for Undertaking Economic Impact Studies: The Springfest Example

Department of Recreation, Park and Tourism Sciences at Texas A&M University, College Station

Seokho Lee

Department of Recreation, Park and Tourism Sciences at Texas A&M University, College Station

Thomas J. Shuster

Department of Recreation and Parks at Ocean City, Maryland

This study’s intent is to offer a generalizable model for undertaking economic impact studies that tourism professionals can use to conduct similar studies in their own communities. A conceptual rationale for undertaking economic impact studies is described. The four principles central to the integrity of economic impact analyses are reviewed: exclusion of local residents, exclusion of "time-switchers" and "casuals," use of income rather than sales output measures of economic impact, and correct interpretation of employment multipliers. The economic impact of a festival on Ocean City, Maryland, is offered as an exemplar.

Journal of Travel Research, Vol. 40, No. 1, 79-87 (2001)
DOI: 10.1177/004728750104000110


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