Economic Impact

ARBY’S CLASSIC ECONOMIC IMPACT STUDY
EVENT NAME:  ARBY’S CLASSIC 
EVENT YEAR:  2015 (STUDY CONDUCTED IN 2016)
HOST ECONOMY:  BRISTOL, TN

The factors below were considered in the Economic Impact Study conducted in partnership between the Arby’s Classic tournament and the Bristol Chamber of Commerce.

Total Spectator Spending

 Based on 30,000 total spectator admissions
•     Total Spectator Admissions:  30,000
•     Average number of days attended:  3
•     % of Spectators resident in the host economy:  85%
•     % of non-local spectators who are out of town visitors:  15%
•     Number of Commercial stayers:  191
•     Number of Non-Commercial stayers:  584
•     Number of Day visitors (only):  500
•     Average number of nights spent in Bristol:  5
•     Average cost per bed-night (per person):   $55
•     Average daily spend on non-accommodation items (gas, food, shopping, entertainment, etc.):   $116

Total Other Attendee (Athletes, Volunteers, Media, etc.) Spending
 Based on 1,504 attendee admissions
•     Total Attendees: 1,504
•     Average number of days attended: 5
•     % of Attendees resident in the host economy:  15%
•     Number of Commercial stayers:  324
•     Number of Non-Commercial stayers: 500
•     Number of Day visitors:  454
•     Average number of nights spent in the host economy:  5
•     Average cost per bed-night (per person):  $55
•     Average daily spend on non-accommodation items (gas, food, shopping, entertainment, etc.):   $116

Direct Expenses Outside of Bristol
•     Spectator and Attendee Spending with Non-local Vendors

Direct spending
•     Organizer Expenditures (marketing, advertising, souvenirs, parking, etc.) in LocalEconomy


Based on the factors above, the findings were that the Arby’s Classic Basketball Tournament provides annually:
Direct Economic Impact:  $1,584,346
Indirect Economic Impact:  $3,392,085