An economic impact study analyzes the financial impact a particular project will have throughout the many levels of the economy, both locally and countywide. This impact will have both temporary and permanent effects on the economy. Temporary impacts will include jobs and revenues created during the construction of the facility as well as related costs. Permanent economic impacts will be generated by permanent jobs created, ongoing revenues realized by service providers and other sources.

Hotel & Leisure Advisors provides economic impact studies for all types of hotel and leisure real estate projects. Our studies identify significant economic events resulting from construction and operations of a proposed facility, review and analyze event patron surveys throughout the nation to estimate spending patterns, analyze relevant municipal revenues, and project the impact on the market for the development of proposed facilities. We estimate three types of economic impact, including: Direct-Effect Impact, Indirect or Induced Impacts, and Final Impacts on local economies. We utilize the RIMS II multipliers for output earnings and employment by industry for the county, which are generated by the U.S. Department of Commerce. We calculate the projected jobs and output for the proposed development for a ten-year period. We also calculate projected tax revenue from all sources for a ten-year period.

Services

• Market and Financial Feasibility Studies
• Appraisals and Tax Appeal Appraisals
• Economic Impact Studies
• Impact Analysis
• Management Company Analysis
• Litigation Support and Witness Testimony
• Operational Analysis and Review
• Asset Management Services
• Project Development Analysis and Property Condition Assessment
• Other Development Services
• Seminars, Presentations, and Industry Research