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HomeMy WebLinkAboutSports Park Annual Visitor Expenditure Analysis v2Maximum 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$ 3-Year Total Average/Year 11,216,547$ 3,738,849$ 15,472 5,157 11,216,547$ 13,162,860$ 24,379,407$ Analysis based on metrics developed by University of Montana Institute for Travel and Recreation Research Note: Using average hotel cost of $85.99 per stay and 2.3 persons per room 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 3-Year Annual Room Night Projection 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 direct, indirect & induced development impact Total ROI to Community over first 3 years **taken from Bozeman Sports Park Economic Impact Analysis prepared by the Northern Rocky Mountain Economic Development District 3-Year Annual Expenditure Projection One-Time Gross Economic Output**