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  "documentTitle": "Economic Impact Assessment ICC Men’s T20 World Cup 2024 - Texas (USA)",
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      "text": "Direct Economic Impact measures the total amount of additional expenditure within the host economy.",
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      "text": "Visitor Expenditure = Total Visitors x Average Length of Stay x Average Daily Spend + Local Attendee Expenditure = Total Local Attendees x Average spend on event only + Organisational Spend = Spend: event budget spent within home market = Direct Economic Impact",
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      "text": "The key components of expenditure have been classified as; accommodation, food and beverage, retail shopping, tourism related spend and travel, whilst organizational spend includes the LOC's investments in infrastructure, logistics and legacy projects.",
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      "text": "The Direct Economic Impact measures the total amount of additional expenditure within the host economy. For the purpose of this study the host economy is defined as USA. Based on visitor and organiser spending, Direct Economic Impact is an assessment of the net increase in spending as a result of the event. Direct Economic Impact measures what is sometimes called the 'first round' of spending. In simple terms, this means direct transactions between those outside the host economy and those inside the host economy – for example between a visitor and the owner of a local restaurant.",
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