Tourism !""#$$#%&'#()* +,)-&./&(-)* 0/#",/12*3##%*4*5,6,/&7,* +,"/,&'#(*4*8(-,/-&9($,(-* +,-&9:*;:#-<)* =<#>>9(7* ;&/*+,(-&:* ?,<9":,* 0&)* @&A9*4*!9/>#/-*=<.B:,* Source: Canadian Sport Tourism Alliance reports using the Sport Tourism Economic Assessment Model (STEAM) of the 2009 ICF Canoe World Sprint Championships, World Sledge Hockey Challenge, IIHF World Junior Championships, Tim Horton’s Roar of the Rings, Canada Summer Games) § Sports tourism is the fastest growing sector of Canada’s sport industry § Represents $3.6 billion in Canada alone (8.8% growth between 2008 and 2010) § An economic driver for 12 months of the year § Drives incremental spending in a host city regardless of size § Coaches, athletes, parents and spectators will stay at a hotel or college residence, eat at restaurants, and visit attractions
§ Event must have a minimum economic impact of $1M § Tiers: § Small events ($1M to $2M economic impact): up to $15k § Mid-sized events ($2M to $3M): up to $50k § Large events: qualify for blockbuster funding program (budgets over $1M) § For recurring events, “incubate” the event by providing support for programing for up to a 3 year period with support diminishing over the period 3
new/different from TPN program § Economic value: $1M+ according to STEAM (instead of $1M budget as per the TPN event program) § Size: potential to draw large number of athletes and spectators (especially international) § Popularity: ability to stir public interest, volunteers, and media attention § Reputation: marketable to attract sponsors or government funders and media § Legacy: builds Niagara brand as an “active” destination and lead as “home of” destination for: § Flatwater sports … canoe, kayak, triathlons, open water swimming, dragon boats, rowing § Golf … PGA TOUR, LPGA Tour, Champions Tour § Cycling … GranFondo § Trails … marathons and triathlons 4