Appendix A - Economic Impact Assessment.pdf

                                                               Noosa Springs Luxury Hotel Economic Impact Assessment
                                                                                                         Final Report

Table of Contents

Executive Summary....................................................................................................................... i
Table of Contents ......................................................................................................................... v
Definitions .................................................................................................................................. vi
1. Introduction ............................................................................................................................ 1
2. Noosa Springs Overview .......................................................................................................... 2
    2.1      Location and Site ..................................................................................................................... 2
    2.2      Noosa Springs Boutique Hotel ................................................................................................. 4
3. Tourism Strategic Context ..................................................................................................... 11
    3.1      Tourism Strategy Noosa 2017-22 .......................................................................................... 11
    3.2      Noosa Shire Local Economic Plan .......................................................................................... 11
4. Noosa Accommodation Market ............................................................................................. 12
    4.1      Current Accommodation Provision ....................................................................................... 12
    4.2      Market Indicators .................................................................................................................. 15
    4.3      Recent and Future Visitor Trends .......................................................................................... 18
5. Economic Impact Assessment ................................................................................................ 20
    5.1      Modelling Approach .............................................................................................................. 20
    5.2      Key Assumptions ................................................................................................................... 20
    5.3      Economic Impact ................................................................................................................... 21
    5.4      Impact on Existing Market ..................................................................................................... 22
    5.5      Additional Benefits ................................................................................................................ 23
6. Summary .............................................................................................................................. 24
References................................................................................................................................. 25
Appendix A: Accommodation Audit ............................................................................................ 26
Appendix B: Input-Output Modelling Limitations ........................................................................ 30




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