This is where the bonds among public and private organizations, government, and neighborhood groups are forged and where connections among elected officials, staff, volunteers and interested residents are made. Impacts and strategic outcomes from non-mega sport events for local communities. 11 Nos 1-2, pp. Economic Impact of Events and Festivals on Host Regions - Sciendo The Annals of Regional Science 44(2), 205-227.10.1007/s00168-008-0249-4Search in Google Scholar, 23. Abelson P. (2011). TheFestival Pro platform is easy to use and has comprehensive features with specific modules for managing artists, contractors, venues/stages, vendors, volunteers, sponsors, guestlists, ticketing, cashless payments and contactless ordering. Many event organisers also wish to capture the Total Economic Impact. This is in line with Oh et al. A review of economic impact study on sport events. Estimating the impacts of special events on an economy. Almost 60% of local businesses stated that their turnover increased significantly during the period that any events took place with 24% seeing an increase of more than 25%. Live Splendour Festival 2023 updates as second day gets underway with The Kooks and Noel Gallagher headlining. (2006), Examining the mediating role of festival visitors satisfaction in the relationship between service quality and behavioral intentions, Journal of Vacation Marketing, Vol. The Economic Impact of Big Festivals | Woodstock Porter P., Chin D. (2012). 1, pp. 5, pp. International Journal of Event and Festival Management, Article publication date: 19 November 2019, Mair, J. and Weber, K. (2019), "Event and festival research: a review and research directions", International Journal of Event and Festival Management, Vol. How local festivals affect the destination choice of tourists, Hospitality and tourism marketing: recent developments in research and future directions, Rethinking Multiculturalism: Cultural Diversity and Political Theory, Thematic trends in event management research, Chinas hotel industry: serving a massive market, Identifying social consequences of rural events, Technology, society, and visioning the future of music festivals, Festival tourism: producing, translating, and consuming expressions of culture(s), Festivals and social media: a co-created transformation of attendees and organisers, Social media and the transformation of the festival industry: a typology of festivals and the formation of new markets, Towards an international event management body of knowledge (EMBOK), Assessing the influences of festival quality and satisfaction on visitor behavioral intentions, The professionalization of festival organizations: a relational approach to knowledge management, Utilizing the VICE model for the sustainable development of the Innibos Arts Festival, Information and communication technology and the festival experience, Community crosstalk: an exploratory analysis of destination and festival eWOM on Twitter, A futurists thoughts on consumer trends shaping future festivals and events, Journal of Hospitality & Tourism Research, Stakeholder management strategies of festivals, Segmenting tourists to aboriginal cultural festivals: an example in the Rukai tribal area, Taiwan, Visitors emotional responses to the festival environment, Jazz and knitwear: factors that attract tourists to festivals, https://doi.org/10.1108/IJEFM-10-2019-080. 22 No. Baade R.A., Matheson V.A. 61-66. ticket sales, production costs), local tourism statistics (e.g. Of course, education (including greater awareness and new knowledge) is another social benefit of festivals. This is done using market values of emission rights, the shadow costs of environmental resources, contingent valuation analysis of (willingness to pay for) socio-cultural impacts and estimates of direct expenditure and opportunity cost. 4, pp. 31, pp. Cheers to a wonderful weekend of wine, food, live music, fireworks and fun on Galveston Island. Porter P. (1999). Two examples from Minnesota illustrate the point. In his review, Getz (2010) highlighted that the classical discourse was under-acknowledged in extant festival studies, and that more connections should be made between festival studies and other disciplines such as sociology and anthropology. Measuring the economic impact of park and recreation services. ), The Handbook of Festivals, Routledge, Abingdon. Montanari et al. %PDF-1.7 For every music festival or live event, the local community close to a venue can experience both positive and negative impacts of such events. Yoo, J.J.E. ECONOMIC IMPACTS OF LARGE CULTURAL EVENTS A study that utilized the I-O method has assessed the economic impacts of events that ensued the declaration of Spanish city Salamanca as the European Capital of Culture in 2002. Florida, R. (2003), Cities and the creative class, City & Community, Vol. Full article: Events and sustainability: why making events more Let's take a closer look at this segment of the sector and its impact across Canada. Economic impact The total income of the eleven festivals was just under 1 million. An online Calculator has been included so that organisers can forecast the approximate scale of economic impact of their event, based on achieving certain numbers. Kong, H. and Cheung, C. (2009), Hotel development in China: a review of the English language literature, International Journal of Contemporary Hospitality Management, Vol. Event Management, in press.Search in Google Scholar, 3. Managing Leisure 5(1), 17-28.10.1080/136067100375713Search in Google Scholar, 7. Similar considerations would be of value in relation to festivals research in other non-western contexts. The festival organisers are now using the historical and cultural themes to develop the annual events to attract visitors and creating cultural image in the host cities . The 2004 Olympic Games announcement and its effect on the Athens and Milan stock exchanges. Thus, the purposes of this study are (1) to delineate the organizers' perception of socio-economic impacts of the festival and event tourism, and (2) to compare these results with those of attendees from literature. PDF ECONOMIC IMPACT OF EVENTS AND FESTIVALS ON HOST REGIONS - ResearchGate In A. Zimbalist, W. Maennig (eds), International Handbook on the Economics of Mega Sporting Events (pp. Agha N., Taks M. (2015). Visitor Expenditure. (Ed. As noted, hosting a festival is not without risks and costs. This implied additional Gross Value Added (GVA) of about 25 million. 31 No. Research form pre-coronavirus years was conducted in respect of Finsbury Park hosting live events and festivals and the economic impact on the local community. 99-109. Nation. For example, overnight visitors to the 2011 Irish Fair spent an average of $170 on lodging and $38 on food and beverages during the time they attended the festival. Festival organizers should consider the economic. 207-225. (Ed. The use of public parks in urban areas for large scale live events and festivals will likely continue with benefits for local community businesses as well as event organisers and visitors alike. Question: What is the economic impact of music festivals? 447-453. Download Festival: Council boss warns organisers over traffic - BBC An analysis of the innibos national arts festival, Multicultural festivals: a niche tourism product in South Korea, The roles of quality and intermediary constructs in determining festival attendees behavioral intention, The effect of Facebook users arousal and valence on intention to go to the festival: applying an extension of the technology acceptance model, International Journal of Hospitality Management. With this in mind we wanted to research exactly what impact local events have in the community. The literature on events and festivals has been approached from a number of theoretical perspectives. This implied additional Gross Value Added (GVA) of about 25 million. 8 No. 83-97. Economic impact of sports events. (2016), Progress and prospects for event tourism research, Tourism Management, Vol. A more recent review of trends in event management research was published in 2017, highlighting the themes which appeared to represent the most popular research topics over the period from 1998 until 2013 in studies published in leading hospitality and tourism as well as event-focused academic journals (Park and Park, 2017). Lee S.B. and Chancellor, H.C. (2009), Examining the festival attributes that impact visitor experience, satisfaction and re-visit intention, Journal of Vacation Marketing, Vol. The economic benefits on the local community can be significant but must be offset by acceptance of other impacts like traffic congestion and increased pollution. Connections are the "glue" that hold communities together; without them, a community stagnates and the quality of life declines. Those things can be as "big" as ethnic heritage, or as "small" as a piece of pastry. and Lee, T.J. (2012), How local festivals affect the destination choice of tourists, Event Management, Vol. Finally, there are a number of limitations relating to the existing body of festival/event literature. Applied Economics Letters 7(12), 781-784.10.1080/135048500444796Search in Google Scholar, 24. For example, Pine (2002) suggested that the development policy of hotel groups or chains established in China needs to consider the Chinese socio-economic context, thus implying that a research model should be developed specifically for China hotel development. (2002). PDF Events and Festivals Contribution for Local Sustainability Measuring and managing the environmental impact of festivals: the Van Winkle, C.M., Halpenny, E. and MacKay, K. (2018), Information and communication technology and the festival experience, in Mair, J. Williams, N.L., Inversini, A., Buhalis, D. and Ferdinand, N. (2015), Community crosstalk: an exploratory analysis of destination and festival eWOM on Twitter, Journal of Marketing Management, Vol. [Read More] Measuring Success 3 > The direct economic impact of the World Rowing Championships 2006 was 3,268,703, of which 82% was visitor spend. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License. (2000). 8 No. 60 No. Felsenstein, D. and Fleischer, A. (2013) examine an Italian photography festival, and revealed how using social media and Web 2.0 technology enhanced the way the festival was able to communicate with its audience. More sophisticated methods, both qualitative and quantitative, would provide a more nuanced study of particular festivals and places, yet at the same time contribute further to advancing our theoretical and practical knowledge of festivals. Reflections on measuring recreation and travel spending. 341-355. Their findings suggest that music festival organisers are proactive in using social media. Economic impact of events and festivals on host regions-methods in practice and potential sources of bias. 172-185). 848-861. World Expos, Olympic Games or the FIFA World Cup) to regional music festivals and youth sports tournaments. and Shin, J.-H. (2004), Hospitality and tourism marketing: recent developments in research and future directions, International Journal of Hospitality Management, Vol. In a similar vein, the number of countries with resident populations that are culturally diverse has led to an awareness of the importance of building well-organised, multicultural societies (Chin, 1992; Lee et al., 2012; Parekh, 2006). 255-271. The author identies direct spending as the rst element of economic impact, which can be calculated by multiplying the number of visitors by the average number of days spent at the event by the average expenditure per day per person. However, neither addressed festival management issues. This site uses cookies. (2013). average visitor spending), other music festival statistics and econometric modeling data from the US Bureau of Economic Analysis in the Department of Commerce. Increase in labor supply Increase in standard of living. Classical and Ancient Near Eastern Studies, Library and Information Science, Book Studies, Volume 22 (2015): Issue 4 (December 2015). Baumann R., Matheson V.A., Muroi C. (2009). Comparative economic impact analyses: Differences across cities, events, and demographics. Clearly, in order to survive, festivals have to be successful business products, but in order to achieve other objectives, managers need to be aware of some of the issues that are explored in the social sciences and humanities literature, such as inclusion vs exclusion at festivals, festivals and authenticity/tradition, and festivals as spaces of protest, counterculture and self-expression, to name but a few. The measurement of crowding-out at the FIFA Football World Cup in South Africa 2010. Festivals offer an unrivalled opportunity for organisations to showcase their brands and build a connection in the mind of the consumer between the festival experience and the brand experience, as noted by Chen et al. New Orleans Jazz & Heritage Festival Marketing & Economic Impact Analysis, 1985-2017. Denizci Guillet, B. and Mohammed, I. The Sport Journal 4(2).Search in Google Scholar, 17. European Sport Management Quarterly 15(1), 1-6.10.1080/16184742.2014.995116Search in Google Scholar, 6. A third social benefit of festival sponsorship is stronger relationships within a community. Community festivalsBig benefits, but risks, too, Festival and event management online course, Timely Topic | Greening events: sustainable practices for festivals and events, Festival and Event Management online course, Vital Connections (articles | podcasts | videos), U of M Extension survey seeks agritourism insights, Hidden breadth and depth of Minnesota tourism, Connect the great outdoors to residents and visitors.