Visitor Expenditure Modeling

Visitor Expenditure Modeling is a method used to estimate how much money tourists spend in a specific area. It takes into account various factors such as accommodation, dining, attractions, and shopping. By analyzing data on visitor numbers and spending patterns, this model helps local governments and businesses understand the economic impact of tourism. This information can guide decisions about marketing, infrastructure, and services, ultimately aiming to enhance the visitor experience and optimize the benefits that tourism brings to the local community.