Microsoft Word 2007 ichrie conference Proceedings Final-Final 06-06-07. doc

 
2007 Annual International CHRIE Conference & Exposition 
19
FORECASTING TOURISM ECONOMIC IMPACTS: THE IMPLICATIONS OF A REGIONAL 
DESTINATION 
 
Rachel J.C. Chen 
Hotel, Restaurant, and Tourism Management 
The University of Tennessee 
Knoxville, Tennessee, USA 
ABSTRACT 
Studies concerned with forecasting the visitation figures integrated with the tourism economic impact 
assessment are rare in the literature. This study focuses firstly on illustrating the importance of the input-output 
(I/O) modeling and direct, indirect, and induced effects. The second focus of the study is to present a forecasted 
economic impact assessment (EIA) by using an I/O model and forecasts (including future visitations and projected 
spending profiles) under the Impact Analysis for Planning (IMPLAN) system to estimate the forecasted EIA of a 
selected regional destination in the US.