How to determine the economic impact of the tourism industry on the Burin Peninsula. What are the assumptions, inputs and multipliers?
Tourism operators are often asked to justify the benefits of tourism for their region. There are theories or multipliers that are sometimes used. For example, people often hear that visitors spend three times the money when they stay overnight versus day trips, or that there is supposed to be four hours of tourist activities for every hour it takes to travel (3 hour drive = 12 hours of things to do). However, there is no local data on how the Burin Peninsula fits in with these theories, and this would be interesting to find out. An important question would be: what is the economic value of the tourism industry to the Burin Peninsula, including spinoffs and employment generated?