Comments on: Economic Impact of Ishares Cup at Cowes Week. http://www.yachtsponsorship.com/2009/08/economic-impact-of-ishares-cup-at-cowes-week/ The business of Yacht Racing, Sailing and Marketing Tue, 29 Nov 2011 11:23:50 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jason M. http://www.yachtsponsorship.com/2009/08/economic-impact-of-ishares-cup-at-cowes-week/comment-page-1/#comment-6585 Jason M. Thu, 27 Aug 2009 20:28:15 +0000 http://www.yachtsponsorship.com/?p=3057#comment-6585 The thing about sailing is that specators don't buy tickets. Unless the public bought a drink in the Extreme Bar, there would be no way of knowing what spectators spent - if anything. I went down from London for the day on Saturday. Luckily Southwest Trains had a £10 deal, otherwise it would have cost a fortune, but that is not revenue for Cowes or the local economy. <br><br>I bought an awful fatty tasteless hamburger for about £6 and a coke for about £2.50. I had a couple of pints in the yacht haven bar before going back to London so you could add another £15 or so. So my spending without doing much was about £25 that could be said to go into the local economy. <br><br>I wouldn't have gone at all if the iShares Cup hadn't been on. The thing about sailing is that specators don't buy tickets. Unless the public bought a drink in the Extreme Bar, there would be no way of knowing what spectators spent – if anything. I went down from London for the day on Saturday. Luckily Southwest Trains had a £10 deal, otherwise it would have cost a fortune, but that is not revenue for Cowes or the local economy.

I bought an awful fatty tasteless hamburger for about £6 and a coke for about £2.50. I had a couple of pints in the yacht haven bar before going back to London so you could add another £15 or so. So my spending without doing much was about £25 that could be said to go into the local economy.

I wouldn't have gone at all if the iShares Cup hadn't been on.

]]> By: David Fuller http://www.yachtsponsorship.com/2009/08/economic-impact-of-ishares-cup-at-cowes-week/comment-page-1/#comment-6586 David Fuller Thu, 27 Aug 2009 20:23:21 +0000 http://www.yachtsponsorship.com/?p=3057#comment-6586 I think the 200,000 refers to costs incurred by OC Events that they spent with local suppliers. The figures don't count any spending by the non-vip public. <br><br>The figures might be on the conservative side. I don't know of anywhere in Cowes during Cowes-Week that you can stay for £50 per night! On the other hand, there would be some VIP guests who only went for one day and spent little or no money in Cowes except for the Red Jet Ferry. I think the 200,000 refers to costs incurred by OC Events that they spent with local suppliers. The figures don't count any spending by the non-vip public.

The figures might be on the conservative side. I don't know of anywhere in Cowes during Cowes-Week that you can stay for £50 per night! On the other hand, there would be some VIP guests who only went for one day and spent little or no money in Cowes except for the Red Jet Ferry.

]]> By: Rui Rodrigues http://www.yachtsponsorship.com/2009/08/economic-impact-of-ishares-cup-at-cowes-week/comment-page-1/#comment-6584 Rui Rodrigues Thu, 27 Aug 2009 19:44:42 +0000 http://www.yachtsponsorship.com/?p=3057#comment-6584 Very interesting post.<br><br>Intuitively I would have thought that the revenues coming from general public compared to VIP admissions would be more substancial.<br><br>£200,000 out of more than 30,000 spectators gives an average spending of less than £7/person. Is this a reasonable figure in your opinion or are OC underestimating the overall economical benefits? Very interesting post.

Intuitively I would have thought that the revenues coming from general public compared to VIP admissions would be more substancial.

£200,000 out of more than 30,000 spectators gives an average spending of less than £7/person. Is this a reasonable figure in your opinion or are OC underestimating the overall economical benefits?

]]> By: Jason M. http://www.yachtsponsorship.com/2009/08/economic-impact-of-ishares-cup-at-cowes-week/comment-page-1/#comment-6321 Jason M. Thu, 27 Aug 2009 14:28:15 +0000 http://www.yachtsponsorship.com/?p=3057#comment-6321 The thing about sailing is that specators don't buy tickets. Unless the public bought a drink in the Extreme Bar, there would be no way of knowing what spectators spent - if anything. I went down from London for the day on Saturday. Luckily Southwest Trains had a £10 deal, otherwise it would have cost a fortune, but that is not revenue for Cowes or the local economy. <br><br>I bought an awful fatty tasteless hamburger for about £6 and a coke for about £2.50. I had a couple of pints in the yacht haven bar before going back to London so you could add another £15 or so. So my spending without doing much was about £25 that could be said to go into the local economy. <br><br>I wouldn't have gone at all if the iShares Cup hadn't been on. The thing about sailing is that specators don't buy tickets. Unless the public bought a drink in the Extreme Bar, there would be no way of knowing what spectators spent – if anything. I went down from London for the day on Saturday. Luckily Southwest Trains had a £10 deal, otherwise it would have cost a fortune, but that is not revenue for Cowes or the local economy.

I bought an awful fatty tasteless hamburger for about £6 and a coke for about £2.50. I had a couple of pints in the yacht haven bar before going back to London so you could add another £15 or so. So my spending without doing much was about £25 that could be said to go into the local economy.

I wouldn't have gone at all if the iShares Cup hadn't been on.

]]> By: David Fuller http://www.yachtsponsorship.com/2009/08/economic-impact-of-ishares-cup-at-cowes-week/comment-page-1/#comment-6320 David Fuller Thu, 27 Aug 2009 14:23:21 +0000 http://www.yachtsponsorship.com/?p=3057#comment-6320 I think the 200,000 refers to costs incurred by OC Events that they spent with local suppliers. The figures don't count any spending by the non-vip public. <br><br>The figures might be on the conservative side. I don't know of anywhere in Cowes during Cowes-Week that you can stay for £50 per night! On the other hand, there would be some VIP guests who only went for one day and spent little or no money in Cowes except for the Red Jet Ferry. I think the 200,000 refers to costs incurred by OC Events that they spent with local suppliers. The figures don't count any spending by the non-vip public.

The figures might be on the conservative side. I don't know of anywhere in Cowes during Cowes-Week that you can stay for £50 per night! On the other hand, there would be some VIP guests who only went for one day and spent little or no money in Cowes except for the Red Jet Ferry.

]]> By: Rui Rodrigues http://www.yachtsponsorship.com/2009/08/economic-impact-of-ishares-cup-at-cowes-week/comment-page-1/#comment-6318 Rui Rodrigues Thu, 27 Aug 2009 13:44:42 +0000 http://www.yachtsponsorship.com/?p=3057#comment-6318 Very interesting post.<br><br>Intuitively I would have thought that the revenues coming from general public compared to VIP admissions would be more substancial.<br><br>£200,000 out of more than 30,000 spectators gives an average spending of less than £7/person. Is this a reasonable figure in your opinion or are OC underestimating the overall economical benefits? Very interesting post.

Intuitively I would have thought that the revenues coming from general public compared to VIP admissions would be more substancial.

£200,000 out of more than 30,000 spectators gives an average spending of less than £7/person. Is this a reasonable figure in your opinion or are OC underestimating the overall economical benefits?

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