The replica Eiffel Tower in the Kimmel Center is part of PIFA, a festical expected to pump as much as $30-million into the local economy. (Credit: Karin Phillips)
PHILADELPHIA (CBS) – Boosters of big events like this month’s Philadelphia International Festival of the Arts are fond of saying they’ll pump X-millions of dollars into the economy. It’s not just guesswork.
It’s both an art and science, according to Professor Daniel Funk of Temple’s School of Tourism and Hospitality Management. The science (math, really) is crunching numbers. The art is which numbers and which kind of crunch.
For example: who is a tourist?
“Some rules say if you travel, say, 50 miles and stay overnight, that makes you a tourist,” Funk said.
So their hotel, meals, entertainment and shopping count toward a ripple effect, like a pebble in a pond. A bigger pebble from far away is best.
“If you come to Philadelphia from Paris or Frankfurt, you’re going international so you spend more, so obviously events that attract international people, they spend more than domestic tourists from California, let’s say.”
Professor Funk says there’s also a cost to tourism, so you have to look at the net benefit.
Reported by John Ostapkovich, KYW Newsradio 1060
MOST VIEWED GALLERIES
- PHOTOS: Angelina Jolie Through The Years
- PHOTOS: Celebrity Infidelity Scandals
- PHOTOS: Celebrity Birthdays: May
- PHOTOS: Top 20 Most Hated Hollywood Celebrities
- PHOTOS: Celebrity Photobombs



Tractor Trailer Carrying...
Operation Brotherly Love: ...
Namaste: Yoga Poses For...
Too Quick To Tweet
Israel 65- Kidcast Photos
Rittenhouse Row Spring...
Stotesbury Cup Regatta-...
WIP Morning Show Intern...
Baseball Shots Of The Week –...
138th Preakness Stakes
Italian Market Festival
Celebrity Photobombs
GHI @Home - Copper Roofing
Students Protest Budget Cuts...
Barn, House Engulfed In Blaze...







