Economic Impact On the Community

2018 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