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You are here: Home / Blog / Local News / Businesses have high hopes for Fiesta – Albuquerque Business First

Businesses have high hopes for Fiesta – Albuquerque Business First

October 7, 2013 John Kynor Leave a Comment

If the past is repeated, Albuquerque businesses should expect quite a lift from this year’s Albuquerque International Balloon Fiesta.
According to KOB-TV, more than $90 million will be spent directly and indirectly because of the Balloon Fiesta.
A 2011 study found the average visitor spent around $194 a day during the festival, according to KOB-TV. The same study estimated the direct and indirect economic impact of Balloon Fiesta to be $117,124,897.
More than 700,000 people are expected to attend the nine-day event, which began over the weekend.
“Balloon Fiesta does very well, there’s enough money here at Balloon Fiesta for everybody to make a profit,” Ken Dewees, owner of Chile Traditions, told KOB-TV. “My biggest thing is I’m advertising my business to the world.”

via Businesses have high hopes for Fiesta – Albuquerque Business First.

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Filed Under: Local News Tagged With: albuquerque balloon fiesta

About John Kynor

John Kynor is the Founder, CEO & Qualifying Broker of Q Realty®. John has enjoyed over 15 years in Albuquerque real estate and is a multi-million dollar producer. He founded Q Realty® in 2012, which quickly became one of the top real estate companies in Albuquerque ("The Q"). Contact John at John@Qrealty.com with any questions.

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