Measuring The Impact of Festivals + Events

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MEASURING EVENT IMPACTS

description

Ever had to report back on the impact of your event? Short of undertaking a full economic impact study, this introductory session includes practical hints on how to measure different aspects of your event or festival.

Transcript of Measuring The Impact of Festivals + Events

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MEASURING EVENT IMPACTS

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STRUGGLING TO REPORT ON THE IMPACT OF YOUR EVENT?

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OR THE MEDIA PUBLICITY GENERATED?

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OR THE GROWTH POTENTIAL?

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Economic

EnvironmentalSocial

NEED TO REPORT ON THE TRIPLE BOTTOM LINE?

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BUT YOU’RE SMALL, DOING YOUR BEST & CAN’T AFFORD A FULL ECONOMIC IMPACT STUDY

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START ANALYSING WHAT YOU CAN

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trends over time(…..might help with festival amnesia)

Description 2009-10 2010-11 2011-12 2012-13 2013-14

Visitor Numbers

Media Publicity

Competitors/Performers

Volunteers

Stall Holders

Income

Expenditure

Profit

Facebook followers/website hitsMerchandise

Direct Visitor Impact (spend)

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Visitor numbers

VISITOR NUMBERS – CAR PARKS, NUMBER PLATES

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AERIAL PHOTOS OR SES/POLICE CROWD ESTIMATES

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Total numbers. Type (single/group/family). Online. Retail. Advance. Last minute.

Geographic source.

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NUMBER OF COMPETITORS OR ACTS

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Media Publicity

If you were to buy an advertisement in a newspaper, or TV or on radio, how much would it cost?

Why measure this? The power of an event on destination

image

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Size of story (column cm) x casual advertising rate per

column cm

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Radio – air time x casual advertising rate

Television – on-screen time x casual advertising rate

* catch – what’s the casual advertising rate?

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Sponsors Number. Repeat. Value In-

Kind

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Number. Repeat. Length of Service. Age Group. Ethnic

Background

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Stall holders.Income. Number. Repeat. Years of

Attendance. Quality. Variety

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2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Surplus (Deficit)Total ExpenditureTotal Revenue

financial trends

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Quality of engagement

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WEBSITE - GOOGLE ANALYTICS

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Sorry….measure each merchandise item

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ECONOMIC IMPACTNo. of visitors x average spend per visitor x multiplier

DIRECT VISITOR SPENDNo. of visitors x average spend per visitor*

ALSO CONSIDER ORGANISATION’S SPEND

* Average visitor spend for your region if you don’t have statistics from your event.

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Queensland Tourism Stats

For your town/shire:

http://www.tq.com.au/research/tourism-profiles/tourism-profiles_home.cfm

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Eileen Murray

Very helpful presentation for measuring the economic impact of your event:-

http://www.slideshare.net/mellormurray/assessing-economic-impact-of-your-special-event-20157533

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Social impacts Resident perception data http://www.tq.com.au/research/destination-visitor-data/destination-visitor-

data_home.cfm

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• New artists • New groups • Revitalised clubs • Community pride• Wellbeing

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Are visitors, competitors, sponsors, locals happy with

your event?Surveys – rate satisfaction – likelihood to return?

Repeat visitors

Multi-year partners/sponsors

Ensure questions remain the same year after year so you can compare them!