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The America's Cup: Economic Impacts of a Match - Bay Area Council

The America's Cup: Economic Impacts of a Match - Bay Area Council

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Spectators: Spectators collectively make up the single largest contributing force for economic benefit. Combined,<br />

our estimate <strong>of</strong> total spectator spending amounts to roughly $233 million. Although on an individual basis, nonlocal<br />

visitors are the big spenders. This is largely due to hotel expenditures. In total, however, they make up only<br />

37% <strong>of</strong> spectator spending, due to their lower numbers. With expenditures <strong>of</strong> $86 million, their net impact on the<br />

local economy is to raise output by $144 million, and to create nearly 1,200 jobs.<br />

Table 19: Detailed <strong>Impacts</strong> by Non-Local Visitors<br />

Output Employment Labor Income<br />

Direct Effects: Expenditure Categories<br />

Accommodations 31, 017, 159 193.1 11, 042, 208<br />

Food Svcs. And Drinking Places 22, 967, 724 306.2 9, 851, 872<br />

Retail Trade 14, 649, 754 129.0 6, 248, 192<br />

Leisure 11, 095, 583 122.9 4, 515, 003<br />

Transit And Ground Passenger Transportation 6, 414, 513 146.2 2, 797, 933<br />

Total 86, 144, 734 897.3 34, 455, 208<br />

Total Effects: Top 10 Industries<br />

Accommodations 31, 092, 554 193.6 11, 069, 049<br />

Food Svcs. And Drinking Places 25, 308, 064 337.4 10, 855, 747<br />

Retail Trade 17, 180, 839 151.2 7, 327, 713<br />

Leisure 12, 305, 090 136.3 5, 007, 175<br />

Transit And Ground Passenger Transportation 6, 463, 177 147.3 2, 819, 160<br />

Real Estate Establishments 5, 391, 246 17.7 844, 056<br />

Imputed Rental Activity For Owner-Occupied Dwellings 3, 900, 233 0.0 0<br />

Electric Power Generation, Transmission, And Distribution 2, 802, 986 2.7 551, 417<br />

Wholesale Trade Businesses 2, 568, 564 10.0 992, 587<br />

Telecommunications 2, 295, 095 3.2 427, 652<br />

Total 144, 331, 099 1, 183.6 55, 636, 083<br />

Our estimate <strong>of</strong> local visitor spending is $150 million throughout the three phases <strong>of</strong> the defense makes them the<br />

third largest contributor to overall spending. This leads to a total increase in economic activity <strong>of</strong> $252 million<br />

and the creation <strong>of</strong> 2,184 jobs.<br />

43

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