Item Coversheet

City of Georgetown, Texas
City Council Workshop
September 10, 2019

SUBJECT:
Presentation and discussion regarding the 2019 Red Poppy Festival Economic Impact Analysis -- Cari Miller, Tourism Manager
ITEM SUMMARY:

The Convention & Visitors Bureau contracted with Cygnet Strategies, LLC to conduct an economic impact analysis of the 20th Annual Red Poppy Festival. This analysis provides data about the direct and indirect impacts of the festival on the local economy as a result of attendee and vendor spending. Below are the 2019 results.

Total economic impact of the Red Poppy Festival = $2,559,456

Economic impact to restaurants/drinking places = $1,412,124

Economic impact to local lodging providers = $360,062

Economic impact to retail = $551,721

Economic impact to other attractions = $235,549

Estimated full time equivalent (FTE) jobs created = 28.0

Estimated attendance = 75,000 (Non-local = 57%; Local = 43%)

Average non-local party size = 4.27 people

Average length of stay in the area = 1.53 days

Average non-local per person per day attendee spending = $38.34

FINANCIAL IMPACT:
$12,000
SUBMITTED BY:
Cari Miller
ATTACHMENTS:
Description
2019 Red Poppy Festival Impact Analysis
Red Poppy Impact Presentation