Miyako Triathlon contributes 330 million yen to Okinawan economy
September 21 Ryukyu Shimpo
On September 20, the Okigin Economic Institute estimated that the 28th All Japan Triathlon Miyakojima pumped about 330 million yen into the Okinawan economy, which increased in activity by 1.7 % over the previous year. The main effects on the economy were in the service, manufacturing and trading industries. Allowing more participants from outside of the prefecture was the reason behind the positive economic effects. At the same time, the participation of low-cost carriers in the travel industry also helped to decrease transport costs.
The added value rate based on the gross production by the prefecture amounted to about 174 million yen, accounting for 0.005% of the gross production of the prefecture in fiscal 2009, and 0.17% of the gross production by Miyako.
A total of 1470 participants took part in the competition, which is up 9.2% on the previous record. There were 1222 participants from outside of the prefecture, accounting for 80% of the total. In addition, there were 114 Okinawan participants from outside of Miyako and 61 participants from overseas. Combined with participants’ family members, 256 media representatives and about 5000 volunteers, the total number of people who attended the event was about 7119, up by 2.1 % on the previous record.
Based on consumption expenditure in Miyako by the participants and the event operating expenses, the institute estimated that the event directly contributed 199 million yen to the prefecture. Inter-industry analysis suggests that the flow-on effect was 8.3 million yen. Furthermore, the institute estimated that the secondary spillover effect, such as additional consumption generated by payment for employment in each industry as 50 million yen.
The institute calculated the economic impact generated during the period from the commendation ceremony to the closing session.
(English translation by T&CT, Mark Ealey)
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