Quote:
Originally Posted by powderjunkie
Any idea who the 7 concerts/events were? I'm guessing some were probably Vancouver shows that didn't even go to Edmonton (ie. unlikely they would have come here).
The vast majority of any so-called tourist gap spending is going to major hotel chains and restaurants, and therefore not really pumped back into the community. Aside from a few tangible dollars through the hotel tax, this money wouldn't even register on any radar.
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Off the top of my head
- Madona
- One Direction
- Taylor Swift
- Rhianna (not 100% on this one)
It is not just the small percentage of hotel tax. It is that hotel room actually being booked or that restaurant being eaten at. In the grand scale, such a project would make inner city business more successful which translates to a long chain of positive economics for the city.