Sunday, May 27, 2007

The economic impact of the arts

If you want some economic data on the value of arts non-profits, here's a good resource.

Arts & Economic Prosperity III: The Economic Impact of Nonprofit Arts and Culture Organizations and Their Audiences

Here's some of the summary report:

RATIO OF LOCAL VS. NONLOCAL AUDIENCES

While the ratio of local to nonlocal attendees is different in every community, the national sample revealed that 39 percent of attendees traveled from outside of the county in which the event took place (nonlocal) and 61 percent were local (resided inside the county).

VISITORS SPEND MORE

In addition to spending data, researchers asked each of the 94,478 survey respondents to provide their home zip codes. Analysis of this data enabled a comparison of event-related spending by local and nonlocal attendees. Previous economic and tourism research has shown that nonlocal attendees spend more than their local counterparts. This study reflects those findings. Local audiences, who live in the county in which the event occurred, spent an average of $19.53 per person, per event in addition to the cost of admission. Nonlocal attendees, those who live outside the county, spent twice this amount, or $40.19 per person. As would be expected, nonlocal attendees spent significantly more in the categories of lodging, meals, and transportation. These findings demonstrate that when a community attracts arts and culture tourists, it harnesses significant economic rewards.

Attendees are 61% LOCAL / 39% NONLOCAL

NONPROFIT ARTS & CULTURE ATTENDEES SPEND $27.79 PER PERSON PER EVENT

Spending Breakdowns

Residents (Residents are attendees who live within the county in which the cultural event occurred.)

Meals/Refreshments $10.77
Gifts/Souvenirs $3.32
Lodging $1.08
Child Care $0.34
Transportation $1.62
Other $2.40 $3.45
Total $19.53

Nonresident (Nonresidents live outside of the county.)

Meals/Refreshments $16.35
Gifts/Souvenirs $4.78
Lodging $10.91
Child Care $0.33
Transportation $4.37
Other $3.45
Total $40.19

All audiences

Meals/Refreshments $13.00
Gifts/Souvenirs $3.90
Lodging $5.01
Child Care $0.34
Transportation $2.72
Other $2.82
Total $27.79


ARTS & CULTURE TOURISTS SPEND MORE AND STAY LONGER

As communities compete for a tourist’s dollar, arts and culture have proven to be magnets for travelers and their money. Local businesses are able to grow because travelers extend the length of their trips to attend cultural events.

Travelers who include arts and culture events in their trips differ from other U.S. travelers in a number of ways.

Arts and culture travelers:
• Spend more ($623 vs. $457)
• Use a hotel, motel, or bed-and-breakfast (62 percent vs. 55 percent)
• Spend $1,000 or more (19 percent vs. 12 percent)
• Travel longer (5.2 nights vs. 3.4 nights)

A 2001 research study by the Travel Industry Association of America and Partners in Tourism indicates that:
• 65 percent of all adult travelers attended an arts and culture event while on a trip that was 50+ miles away from home.
• 32 percent of these cultural travelers stayed longer because of the event.
• Of those that stayed longer, 57 percent extended their trips by one or more nights.

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