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@jameskennell
www.jameskennell.com
DEPARTMENT OF MARKETING, EVENTS AND TOURISM
UNIVERSITY OF GREENWICH BUSINESS FACULTY
THE EVENTS
ECONOMIC IMPACT
MACHINE
Economic
Sporting
Environmental
Cultural
Social
Tourism
Major event impacts
Assumptions
• Economic impacts happen automatically
• We know how to measure the economic
impacts of events
• Displacement is a bad thing
Impact Infrastructure
Measurement
“it is clear … that even small variations in these values can
have dramatic effects on calculations of the economic
impacts of events.” (Kennell et al 2015)
Embrace displacement
• Displacement happens
• Displacement happens
in time and space
• Time – create nested
Events portfolios
• Space – work in
partnership with other
destinations
Event Impact Machines
• Every destination needs to create its own
economic impact machine.
• From the outside it might look strange
• It should bring together
– The politics of place
– Impacts infrastructure
– Methods of measurement
– Displacement management
@jameskennell
www.jameskennell.com
• Local accountability
• Relevance to citizens
• Produce and measure the
impacts that matter

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The Events Economic Impact Machine