According to Tourism.gov.ph (2010), "sports tourism is defined as a specific trip outside the usual environment for passive or active involvement in competitive sport, where sport is the main motivated reason for the trip and the tourist or recreational element can act to strengthen the overall experience.' Say no to plagiarism Get a tailor-made essay on "Why violent video games should not be banned" Get an original essay What is the economic impact of sports tourism? From my understanding of the article it is evident to me that this is simply revenue coming into the local economy from outside the local economy, for example a foreigner coming to Trinidad and Tobago for a sporting event and spending both its currency than our local currency during the event or in our country Economic impact can be calculated using many methods, however there are four general approaches to calculating economic impact: subjective estimates, which are mainly based on the judgment of. experts; aggregated secondary data, which involves the adjustment of comparable estimates; disaggregated secondary data, which allows for more in-depth adjustments to better fit the focus of the study; and primary data: typically visitor surveys and formal economic models. However, the key factor in determining the most appropriate stage for calculating the economic impact is the primary and secondary data. Primary data is information that can be collected specifically for the purpose of your research project. This is specifically tailored to your search, however it may be very expensive to obtain. These are simple questions such as type of event, length of event, age of attendees, and number of attendees, to name a few. Based on the article, these questions were used to help estimate the economy's average economic impact assuming expenses and attendance are averages from previous economic impact reports. This method outlines an efficient way to estimate total attendance, average daily spend, and total spend effects. Primary data also offers a procedure by which city planners can use basic information such as the questions mentioned above rather than conducting surveys. Secondary data refers to data collected by someone other than you, essentially in previous research on the same or similar topic. When using this type of data versus that of the primary data collected, there are two key factors to consider. Firstly, in order to reasonably estimate the figures to be considered for the economic impact calculation, the secondary data should be similar to the primary data and, secondly, the level of division available within the study is crucial. These are important because they help you analyze the data correctly and provide a more efficient readout of the statistics. If this is not done correctly, this could lead to misapplication of the formula, resulting in a positive result when it should be negative or negative when it should reflect a positive result. This also determines whether there are returns on investment or losses on the part of the event owner/host country. In conclusion, both primary and secondary data are very important in determining the economic impact of sports tourism for both small and large sporting events in a country. Small-scale or amateur sporting events are a safer way to stimulate local tourism since such events do not require large government funding. Primary event data will theoretically be preferable, although it may be expensive. Although in the article they were. 2018).
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