Economic impact studies help land financing.

The article focuses on the significance of an economic impact study to help estimate the total benefits of a hotel project, including tax revenues, employment change and additional spending impacts during the construction and operational phases. The study could be used to demonstrate benefits that may persuade communities to support a certain project. The economic impact tool is broken down into two phases, short term for construction and long-term for operation, that generate income, employment and taxes in the affected region.