Calculating the windfall of curling
PRINCE GEORGE – Every event that comes to a community, sporting or otherwise, that brings visitors has an impact on the economy of that community. Its acronym is called STEAM, an acronym for Sport Tourism Economic Assessment Model.
And it involves a very complicated formula.
“It’s a huge formula that tries to encompass everything that takes place during events,” explains Colin Carson, CEO of Prince George Tourism. “So we’re talking about direct spending of the participants, the volunteers and the spectators that are coming and spending on tickets and hotels. But also everything else that comes around from that. Additional spending that takes place because of these events.”