Tourism and Hospitality
Experience and Insight to Navigate Challenges
Tourism serves as a powerful economic development tool in the modern economy, attracting outside dollars and creating accessible employment opportunities. At a time of unprecedented challenges, ESI's tourism practice provides strategic planning and analysis to help our clients grow and articulate the benefits to their communities.
The Latest Insights
ESI was commissioned in 2019 by The Philadelphia International Airport (“PHL”) and Northeast Philadelphia Airport (“PNE”), to study the direct and indirect regional economic impacts attributable to PHL on an annual basis, updating a similar analysis from 2017. PHL serves a hub of activity and for the 11-county Philadelphia Metropolitan Statistical Area (MSA). Supporting the […]Read More
Econsult Solutions, Inc. (ESI), in partnership with North Highland and Urbane Development, completed the first ever economic impact study on the City of New York’s nightlife economy. NYC’s Nightlife Economy: Impact, Assets, and Opportunities was commissioned by The Mayor’s Office of Media and Entertainment and reports on: Direct impact of New York City’s nightlife economy and historic […]Read More
"Commissioning an Economic Impact Study two years ago was one of the most meaningful decisions I’ve made so far. The study breaks down the airport’s economic impact by state and county, which enables us to better communicate with stakeholders about how important they are to us, and how much we contribute to them. I’ve taken that study on the road to try and push out these local messages, and in doing so we have forged new relationships and reinforced existing ones."
-Chellie Cameron, Chief Executive Officer, Philadelphia International Airport
Economic analysis is central to establishing the value of tourism on local, state, and the national economy. ESI employs traditional input-output modeling methods, spatial and statistical modeling techniques, and rigorous economic analysis to quantify a variety of tourism impacts.
At a time of unprecedented challenges for the industry, careful and effective strategic planning efforts are more important than ever. ESI provides the experience, careful process and critical insight to help tourism promotion, non-profits and government agencies achieve their goals.
Policy and Advocacy
ESI's economic and public policy expertise enables us to model and communicate the impact of policy decisions impacting the tourism industry.
ESI undertakes financial modeling and market feasibility studies to help developers, non-profits, and governments understand the operational potential for proposed concepts and conceptualize the public and private return on investment.
ESI was retained to evaluate the borrowing potential through Tax Increment Financing and PA's 1st Public Improvement Levy as public finance mechanisms for Pocono Springs Entertainment Village.
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Select Tourism and Hospitality Clients
You Have a Case to Make
Let us help you find a solution to your most pressing challenges. Our staff and advisory board consists of experienced professionals that provide the highest levels of technical expertise in economics, analytics, and thought leadership.