Second home owner - is it new money?


1 comment

  • Official comment
    Michael Nealy


    When you say second home owners, I assume you are referring to visitors to the region whose permanent residence is outside of city you are analyzing, but who own property and vacation there. If this is the case, then you can absolutely count their spending as visitor impacts! The most straight forward approach to model these impacts would be to model the purchases that second home owners make when they are in the region for visiting. This will be similar to that of other tourists to the region, with some minor differences in spending such as eating out less and cooking at home (less full service restaurant spending couple with more grocery spending). 

    On your next question regarding electric vehicle charging, the operations of those charging facilities would usually fall under Industry - 408 Retail - Gasoline stores or whatever business is operating the station. 

    Hope this helps!

    Michael Nealy


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