Specifications include, but are not limited to: The Rhode Island Commerce Corporation (“Corporation”) is soliciting proposals from firms qualified to create a model for measuring the economic impact of travel and tourism to the State of Rhode Island and provide a complete analysis and report. The Corporation seeks a vendor to create an economic impact model for measuring the economic impact of travel and tourism in the state which can be updated annually. The economic impact model should incorporate a consistent methodology that communicates the value of the tourism industry to the State of Rhode Island that can be tracked over time at the State and regional levels. The economic impact analysis of Rhode Island’s travel and tourism sector should include, but not be limited to, the following: • Visitor volumes by major segment (domestic business/leisure, domestic day/overnight) from a syndicated survey provider as well as international volume estimates. • Direct travel spending in Rhode Island with breakout of spending by visitor segment (domestic/international, business/leisure, day vs. overnight) and by spending category (lodging, recreation, food & beverage, transportation, shopping, etc.) • Indirect and induced impacts on business activity and gross State product. • Direct, indirect, and induced employment supported by travel. • Direct, indirect, and induced travel generated payroll income in Rhode Island. • Contribution of travel on federal, state, and local tax receipts with detail by type of tax.
