Economic Impact On the Community
2019 Economic Impact Estimation
Hampton Classic Horse Show
Economic Impact Estimation
The following calculation of the potential economic impact of the Hampton Classic is made using multipliers which are generally accepted in the equine industry. These particular formulas were provided by Equine Episodes(c), 1212 Auburn Road, Locke, NY 13092.
Participants’ Economic Impact:
Number of horses 1,400
Times # People per horse x3
Total People with horses 4,200
Days on grounds x8
People Days at the Classic 33,600
Typical per diem cost x $200
TOTAL PARTICIPANT IMPACT $6,720,000
PLUS
Participant weekly spending in local community above
and beyond per diem costs (i.e. shopping) @ $ 300 ~ $1,260,000
Audience spending on tickets, parking, programs,
vendor items, gas, motels, restaurants, shopping
based on 20,000 unique spectators during the
week @$200 ~ $4,000,000
Hampton Classic budget items spent locally ~ $1,620,000
GRAND TOTAL EVENT IMPACT (INITIAL) ~ $13,600,000
TOTAL IMPACT WITH "CIRCULATION FACTOR" OF 7X = $95,200,000