Tourism Regional Economic Impact Model (TREIM)
The Tourism Regional Economic Impact Model (TREIM) makes it easier for organizations and people working in or interested in tourism to learn more about the impact the industry has on the provincial and local economies.
What can you learn using TREIM?
TREIM has a number of modules to help people and organizations learn more about the economic impact of tourism. Modules include:
- Visitor Spending – estimates the economic impact of tourism spending in a specific region and/or for a specific event. There are 17 built-in activity options, including festivals, golfing, casinos
- Operational Expenses – estimates the economic impact of operating an ongoing business, such as an attraction, retail business, hotel or restaurant
- Investment Expenditures – estimates the economic impact of investing in or building a tourism facility such as an attraction, retail business, hotel or restaurant
- Convention Centre Activity – estimates the economic impact of a convention, including the spending of delegates and exhibitors as well as production costs
TREIM Features
There are many features that organizations and people can use to get tourism economic data. Features include:
- Timeframe for analysis: 16-year range including past, present and future
- Geography: Ontario, 16 travel regions, 49 counties, districts and regional municipalities, 43 census metropolitan areas (CMA) and census agglomerations (CA)
- Users are guided through a series of steps to enter their inputs
- An output report can be printed or saved
- Once the report is run all inputs are deleted
- No user fees
- Updated annually
Download the user manual to learn more about the TREIM methodology.
What information is required when using TREIM?
To get the best results, the following information should be included when using TREIM:
General
- Report title
- The geographic area where the impact takes place
- The impact year
- “Yes/No” choice for induced impacts (household spending and business investment)
- “Yes/No” choice for the inclusion of property taxes
Project Specific
- Visitor spending/number of visitors; operational expenses; investment expenditures; convention spending (delegates/exhibitors/production costs)
For the purpose of this tool, a visitor is someone who takes an overnight out-of-town trip or an out-of-town same-day trip of 40 kilometres or more away from his/ her home for purposes other than commuting to work or school, being on a diplomatic mission, going shopping as part of a regular activity, and going to regular appointments for doctors or religious ceremonies. For international visitors, it also excludes students who stay in Canada for 75 or more nights.
For best results, please ensure inputs are accurate.
