1975 International Balloon Festival: An Estimate of the Impact on the Albuquerque Economy

Authors

• University of New Mexico Bureau of Business and Economic Research

Document Type

Report

Publication Date

11-1975

Abstract

The 1975 Albuquerque International Balloon Festival and World Hot-Air Balloon Championship generated a significant positive impact on the local economy, establishing the city as a premier global ballooning center. The event injected a total of $1,509,721 into the Albuquerque economy, which includes a $1,006,481 direct impact from participant and spectator spending, magnified by a conservative 1.5 economic multiplier.

Recommended Citation

Sievers, John N. and McCormick, James A., 1975 International Balloon Festival: An Estimate of the Impact on the Albuquerque Economy, University of New Mexico Bureau of Business and Economic Research, November 1975.