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HomeMy WebLinkAbout03-14 Sports Park Annual Visitor Expenditure AnalysisMaximum Minimum % of total total total Hotel Expenses 12 $ 747,770 $ 299,108 Retail Expenditures 24 $ 1,495,539 $ 598,216 Auto Related Expenses 4 $ 249,256 $ 99,702 Fuel Expenditures 34 $ 2,118,682 $ 847,473 Restaurant 26 $ 1,620,168 $ 648,067 $ 6,231,415 $ 2,492,566 $ 11,216,547 $ 3,738,849 3-Year Total Average/Year Analysis based on metrics developed by University of Montana Institutue for Travel and Recreation Research Note: According to 2012 ITRR the state average hotel cost is $85.99 per stay and 2.3 persons per room night. Minimum = 2 tournaments = 8,000 visitor days = 3,438 room nights 3-Year Annual Expenditure Projection 3-Year Projection = 1 maximum year and 2 minimum years Calculation of Annual Direct Expenditures by Visitors Annual Economic Impact Analysis of the Sports Park Complex Total Annual Visitor Expenditures Maximum = 5 tournaments = 20,000 visitor days = 8,596 room nights