International Movie Festival results in 8-billion yen economic effect
Many celebrities appeared on the red carpet at the Okinawa International Movie Festival that was held this past April, taken on April 22 at Kokusai Dori in Naha City.
July 29, 2018 Ryukyu Shimpo
On July 27, the Okigin Economic Research Institute announced the results of the preliminary results of the economic ripple effect of the 10th Okinawa International Movie Festival that was held this past April. The employment inducement effect was estimated at 582 people.
The festival reached a milestone since this was the 10th time it was hosted. Due to the research at each venue on number of customers both in and outside of Japan conducted by the Okinawa International Movie Festival’s Executive Committee, the preliminary results were possible.
The total number of sponsors, staff, and customers from in and outside of Japan were a little over 45,000 people. Total expenses including lodging, food, and beverages were 3,792,550,000-yen. Increased demand was 625,980,000-yen due to operating costs, advertising costs, and hosting fees. Preliminary results showed the direct effect of the festival was 4,418,530,000-yen. Employment income inducement effect related to wages was 2,207,530,000-yen.
(English translation by T&CT and Chelsea Ashimine)
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Webcam(Kokusai Street)
