The 2018 Penticton Peach Festival had a sizable economic impact, thanks to out-of-town attendees.
According to a report presented to city council Tuesday by Paradigm Consulting group, the combined spending of out-of-town attendees with expenditures made by organizers of the Peach Festival totalled $2.7 million, supporting $3.6 million in economic activity in Penticton.
“The survey illustrates the incredible impact that Peach Festival has on Penticton,” said festival president Don Kendall. “It is gratifying for the sponsors and volunteers to know that so many people, both local residents and tourists, enjoy Peach Festival.”
Roughly two-thirds of the attendees at last year’s festival were visitors. The report found there were 20,100 people who attended for an average of 2.4 days of the festival, and 14,000 were from outside of the city.
The report relied on data from surveys collected during the festival, which found on average, out of town visitors spent $325 per person in the city during the festival. That meant approximately $4.5 million was spent by out-of-town attendees.
“The results are even more impressive when you consider that the survey included only people at, or near, Okanagan Lake Park. The thousands of people who take part in Peach Festival events at other venues throughout the city were not included,” said Kendall. “The numerous events at other sites include the Peters Bros. Grand Parade in downtown Penticton, which had 1,015 participants and attracted more than 20,000 spectators.”
When considering the total expenditures of the festival and the spending by these visitors, the report summarizes 23 Penticton jobs and $990,000 in wages and salaries were supported thanks to the event. It states the total net economic activity generated by the festival was $2.5 million for Canada as a whole, $2.2 million for B.C. and $1.6 million for the City of Penticton.
Not only did 94 per cent of out of town attendees who respond say they found their Peach Festival experience great or good, four in five said they were very likely to recommend the festival.”
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