OBF and the Impact on the Economy
2011 Oregon Brewers Festival Generates $23.2 Million for Local Economy
A recently completed study estimates the economic impact of the Oregon Brewers Festival on Multnomah County
PORTLAND,Ore.-June 5, 2012- A recently completed study estimates the economic impact of the 2011 Oregon Brewers Festival (OBF) on the local economy at $23.2 million.
Jeff Dense, Professor of Political Science atEasternOregonUniversity, and his Politics and Beer class administered 628 on-site interviews at the 2011 event, July 28-30 at Tom McCall Waterfront Park in Portland.
The analysis utilized IMPLAN (IMpact Analysis for PLANning) data and software package to estimate the economic impact of the Oregon Brewers Festival on Multnomah County. The OBF generated $16.24 million in direct and $6.97 million in indirect (additional input purchases made by local businesses) expenditures. Additionally, the OBF generated $5.9 million in induced expenditures (local business owners, suppliers and employee expenditures related to direct and indirect expenditures).
“The study highlights the economic impact of the Oregon Brewers Festival, and Portland’s role as one of the premier beer tourism’s destinations in theUnited States,” Dense said.
Respondents were queried on demographic factors, along with estimates of OBF-related expenditures in tourism-related categories, including transportation, lodging, meals, gasoline purchases, non-beer related recreation, beer purchased to take home, and expenditures at the OBF.
Findings of the study include:
- Out-of-state (Southwest Washingtonexcluded) and international visitors accounted for 56% of OBF attendees.
- 64% of OBF attendees were male; 35% of attendees were 21-29 years of age.
- The average local attendee spent $104.
- The average out-of-state and international attendee spent $750.
- 82% of respondents indicated they were staying 2 or more days.
- In addition to the estimated $23.2 million economic impact on Multnomah County, local residents spent an estimated $7.97 million related to the OBF.
- 53% of respondents were attending the OBF for the first time.
This year marks the 25th annual Oregon Brewers Festival, which will take place July 26 through July 29 at Tom McCall Waterfront Park in downtown Portland. Event hours are Noon to 9 p.m.Thursday through Saturday, and Noon to 7 p.m.Sunday. Nearly 80,000 fans will travel from points around the world to sample from more than 120 beers at the annual event.