Visitation
These visitation calculations were made by the Developer during his business feasibility study.
Market Demand Model has Four Distinct Markets:
(These are the markets that would provide patronage to the casino)
- Residential Market
- Localized Tourist/Base Market
- Resort Overnight Market
- Highway Intercept
Gravity models are used to calculate revenue models.
3 major components are:
(These are the factors used at the casino to calculate revenue)
- Frequency of Attendance
- Spend per Visit
- Competitive Adjustment
Competitive Adjustment differences are:
(These are the elements that will distinguish the Ridgecrest casino and attract patronage)
- Facility Size
- Quality
- Visibility
- Advertising & Branding
Main Area Sources:
(These are the areas where visitors will be traveling from to visit the casino)
- Tehachapi
- California City
- Rosamond
- Barstow
- Lancaster/Palmdale
- Bus Visitors to Death Valley
- Highway 395 Intercepts
Benefits to Local Ridgecrest Businesses:
(These are the benefits Ridgecrest will experience from the influx of projected visitors)
- Increased traffic to/from the new Walmart & local businesses (sales tax revenue)
- Increase in visitation will increase hotel stay & the TOT tax
- Increase in gasoline taxes from additional tourists
- Increase in growth to Ridgecrest
- Draw of out of town visitors will result in sustained economic growth
-
66% of visitation to the casino will be from the Resident Market, Localized Tourists/Base Market, & Resort Overnight Marketing
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34% of visitation to the casino will be from outside the 25 mile "local" market, comprising 67,000 new visitors annually either by bus, car or truck