Forecasting the Economic Impacts of Events and Conventions

Governments often receive requests to provide funding to support special events and conventions because of their alleged positive impacts, economic and otherwise, on a destination. In these circumstances, a framework of assessment is required to determine the extent of support, if any, that is to be given to alternative events. In a companion article (this issue), a framework was developed for assessing “tangible” and “intangible” impacts of events and conventions. This article shows how the framework can be used as a forecasting tool to inform government as to the “deservedness” of different events and conventions to receive public funding.