Case Study

Downtown Hotel Economic & Fiscal Impact Analysis

Downtown Hotel Economic & Fiscal Impact Analysis

Downtown Hotel Economic & Fiscal Impact Analysis Frederick County, Maryland The Frederick County Chamber of Commerce retained HSP to conduct an update to the economic and fiscal impact analysis portion of the 2012 hotel market and economic study conducted by Crossroads Consulting Services. HSP assessed the local hospitality market analytics and ran the correlating economic impact models and projections. The ultimate goal of the process was to identify the gaps and opportunities in the local market and determine the optimal return on investment for the new downtown hotel. HSP updated the demand and financial projections, as well as the economic, fiscal and employment impact analysis, from the study conducted in 2012. At the end of the study, Frederick County had an updated

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