Quote of the Week
If there is an increase in economic impact in a local economy, it is probable that there also will be an increase in costs associated with it. ... [E]conomic impact studies report only economic benefits, and monetary costs and nonmonetary negative impact inflicted on a community are not considered. Clearly, if these costs exceed the benefits, then even if there is relatively high gross economic impact, the investment in tourism may be counterproductive to the economic well-being of the community.” – John Crompton, “Economic Impact Studies: Instruments for Political Shenanigans?” in Journal of Travel Research, Aug. 2006


