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Economist: Milwaukee RNC impact report not 'serious economic impact study'

Economists challenged the accuracy of a report by Tourism Economics regarding the financial effects associated with the Republican National Convention held in Milwaukee in 2024.
The report originated from Tourism Economics, a marketing firm creating tourism impact numbers, which economists say does not reflect actual impacts accurately.
Experts noted past studies show conventions usually generate about $20 million in hotel spending, whereas the Milwaukee report claims a $321.5 million total impact with $36.6 million from lodging alone.
Economist Victor Matheson, affiliated with the College of the Holy Cross, criticized the report as more of a promotional press release than a rigorous economic analysis, noting it failed to address issues like crowding out or losses from limited business capacity.
The economists imply the report overstates the convention's benefit, as it lacks government-audited data and does not consider lost business from venue limits, resulting in questionable conclusions.

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Economist: Milwaukee RNC impact report not 'serious economic impact study'

(The Center Square) – Economists who have studied the impact of national party conventions says a report from the marketing firm Tourism Economics does not accurately reflect the actual impact of the 2024 Republican National Convention in Milwaukee.

5 days ago

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