Economic Impact
23 articles
Brexit's lasting impact shrinks UK economy below EU membership levels
Britain's economy is demonstrably smaller than it would have been inside the E.
What is Sustainable Coffee Sourcing and Why Does It Matter?
A coffee producer in Colombia saw their production costs more than double in just two years, climbing from 50,000 to 110,000 pesos per arroba (12.
Cultural significance and impact of community art festivals
The 39th iteration of Fort Worth's Main Street festival alone features more than 200 exhibiting artists, drawing crowds and commerce into the city center.
Taco and Margarita Festival challenges Covington local businesses
This Friday, Covington's Mainstrasse Village transforms into a three-day epicenter for tacos and tequila, poised to reroute the usual flow of weekend commerce.
How public art festivals shape city culture
The SHINE St. Petersburg Mural Festival in 2019 generated an economic impact of $2.1 million for Pinellas County through direct and indirect spending, according to Greater Public Studio . This single
What are responsible tourism practices for cultural and economic interaction?
Imagine every dollar you spend on a journey directly nourishing the hands that crafted your souvenir, the voice that guided your path, or the family that welcomed you into their guesthouse.
What is screen tourism's economic impact on travel destinations?
Two-thirds of travelers now say movies and TV shows directly influence their trip decisions, turning on-screen fantasies into real-world destinations.
Sustained Arts Funding Will Shape Our Future.
The UK cultural sector didn't just dabble in 2024; it generated an estimated £40bn.
Local Arts Initiatives Fuel Urban Growth and Economic Impact
The 2025 Austin City Limits Music Festival alone generated an astounding $557.
San Diego's Arts Funding Cut by $11.8M, Threatening Economic and Social Benefits
San Diego Mayor Todd Gloria has proposed eliminating all direct arts funding to local organizations, cutting $11.
International Travel Drop Impacts U.S. Tourism Economy
In Las Vegas, the glittering heart of American entertainment, hotel occupancy rates plummeted by over 300 basis points in 2025, settling at 80.
Roseville Bites N Bevvies festival celebrates local food and drinks
This past weekend, the Roseville Bites N Bevvies festival drew a record 15,000 attendees, generating an estimated $500,000 in local economic activity, according to the Roseville Chamber of Commerce an
Local arts funding cuts risk $151 billion economic engine. Invest now.
The nonprofit arts and culture sector generated a staggering $151.
Arts and culture investment is crucial for cities to thrive in 2026.
San Diego Mayor Todd Gloria has proposed slashing city funding for the arts from $13.
San Diego Arts Face Cuts Amid Budget Deficit, Other Regions Invest
San Diego is poised to slash its arts and culture budget from $13.
Arts & Culture Drive City Economies, But Creative Workers Face a Precarious Future.
San Diego Mayor Todd Gloria's proposed budget aims to eliminate nearly all city funding for local arts and culture organizations, slashing allocations from $13.
What is wellness tourism and why is its economic impact booming?
The global wellness tourism market, already valued at nearly $1 trillion, is projected to nearly triple to $2.
Rohna Festival's Mixed Economic Impact
The Rohna Big Culture & Arts Festival promises economic benefits but also brings local strain, including rising housing costs and community concerns, creating a mixed impact on the city.
Americans Favor Domestic Travel Over Global Trips Amid Uncertainty
In the first half of 2025, international visitors to the U.
New Report on US Travel Preferences for 2026
Americans are setting aside a record $6,630 for leisure travel annually, a nearly $1,000 jump from last year, according to Hotel News Resource .
How Cultural Arts Centers Foster Community Development and Heritage
Cultural arts centers are transforming communities, acting as essential engines for social and economic well-being. They foster engagement, preserve local heritage, and drive urban development through creative placemaking.
New US Tariffs Trigger Slump in UK Food Exports
New US trade tariffs have caused a reported slump in UK food exports, sending a chill through British producers from Scottish distilleries to Somerset creameries. This sudden shift highlights the volatility of international trade and its direct impact on livelihoods.
The New Renaissance: How Local Art Is Fueling Urban Economies and Communities
Beyond the gallery, local art and culture organizations are becoming powerful engines for urban renewal. A new analysis reveals their growing economic impact and role in fostering community.