The spending multiplier for the city of Cincinnati is 1.6 (based on information from MIG, Inc.). $6,947,999 * 1.6 = 11,116,798 total indirect economic impact Total Economic Impact = Direct + Indirect $6,947,999 + $11,116,798 = $18,064,797 11. Based on hotel capacity information, how many typical visitors did the event visitors crowd out? Hotel capacity in the city is 35,000 rooms. The typical occupancy rate is 83%. The average number of persons per room for large events such as this is 2.4. 35,000 * 2.4 = 84,000 hotel capacity * average number of people per room 84,000 * 83% = 69,720 69,720 - 42,059 (total number of visitors) = 27,661 12. What is the new direct and total economic impact, accounting for the crowding out? Direct