Economic Impacts of Light Festivals and Events
There is a well-developed body of evidence which shows that events have the potential to generate positive economic impact.
Economic impact of light festivals and events can be defined as the net change in an economy resulting from an event.
The change is caused by activity involving development and running of an event. These in turn generate visitor and public spending, employment opportunities and tax revenue.
- Basic economic impacts – measuring attendance
- Intermediate economic impacts – measuring Direct Economic Impact