1. Economic Impact Measurement – The Corporation will provide access to the Symphony Dashboard that provides tourism industry KPI reporting such as the STR report, AirDNA, Mobil data, state hotel tax reporting, credit card analysis, employment data, etc. • Analyze direct visitor spending (accommodation, dining, retail, attractions, transportation). • Calculate indirect impacts (supply chain, business-to-business activity). • Measure-induced impacts (employee household spending). • Develop Rhode Island-specific economic multipliers. • Produce geographic heat maps of spending. 2. Visitor Spending Analysis • Track daily visitor spending by category. • Compare spending of day-trippers vs. overnight guests. • Analyze domestic vs. international visitor expenditures. • Use credit card data to spot spending trends. • Measure impacts on local business revenue. 3. Employment Impact Assessment • Calculate full-time equivalent positions created by funded projects. • Assess indirect job creation in related industries. • Track wages and benefits for new jobs. • Analyze seasonal vs. permanent employment. • Document workforce skills development and career opportunities. • Assess the effect on workforce participation rates.
