Solar eclipse could bring $6 billion economic boom: 'Entire communities sold out'
Steve Wright said this is the first he's heard about it. Total solar eclipse on April 8th Four years ago, a visitor booked his first room for an event at Vermont's Jay Peak Resort. Wright, the resort's general manager, said he soon started hearing roars coming from other ski areas.
“They said, 'This hype is real,'” he recalled, adding that he had never seen anything like visitors' excitement over a solar eclipse.
That early prediction turned out to be prescient, with Wright saying all 900 rooms at Jay Peak were fully booked for a year and a half on April 7th, at prices of about $500 a night. he pointed out. By comparison, the resort had about 80 bookings on the same day last year. Approximately 800 rooms have been reserved for April 8, the day of the solar eclipse.
In fact, tourists are getting into the spirit of a rare celestial event. Huge benefit for local businesses Across the direct path of the solar eclipse.
During the eclipse, a couple will be getting married atop 4,000-meter Jay Peak, and a Pink Floyd cover band will be performing “The Dark Side of the Moon” at the resort. is scheduled to be played. And with more than a foot of snow expected to fall, arrive soon Skiers are also more likely to hit the slopes when the moon and sun align during a solar eclipse.
Wright said he expects his resort to post as much revenue for the weekend of April 5-8 as it would for the entire month of normal April.
“We are at the end of the total path, which is often touted as the best view of the solar eclipse as it will take over three and a half minutes,” he told CBS MoneyWatch, adding that the event He added that he is giving his support. Visit not just Jay Peak, but the entire rural region of Vermont known for its scenic farms and ski areas. “The whole community sold out.”
The total solar eclipse not only brings shade to the dozen states where the astronomical event is scheduled, but it also brings economic benefits to states from Texas to Vermont. Economic analysis firm Perryman Group estimates that the eclipse could boost public finances by up to $6 billion through increased spending on hotels, restaurants and travel.
“It's amazing how much this has captured people's imaginations,” Perryman Group economist and CEO Ray Perryman told CBS MoneyWatch. “It will be concentrated over a short period of time, but it will give these cities, even the smaller ones, an opportunity to show off.”
Perryman noted that the eclipse is likely to cause a shock to the local economy, due in part to its timing. Americans are returning to pre-pandemic travel habits, but this event is occurring in the spring, when people are more likely to want to travel than in the winter.
“There's also the fact that we won't see an eclipse like this for many years,” he says.
The next total solar eclipse seen in the United States will be in 2045. according to To NASA.
“This is not only a scientific phenomenon, it's an emotional phenomenon,” Dan Schneiderman, solar eclipse partnership coordinator at the Rochester Museum of Science, told CBS News.
Bill Nye and Darkside Stout
On April 8, viewing parties will be held in cities large and small along the path of the solar eclipse. The scope of the event is as follows: Eclipse-o-Rama 2024 Bill Nye, a science expert from Fredericksburg, Texas, and $325 per ticket. Gathering hosted by NASA Indianapolis Motor Speedway (more budget-friendly $20 per ticket)
Companies like Rohrbach Brewing Company in Rochester, New York (a city on Totality's route), which makes Rohrbach Totality Black Lager, also offer special souvenirs to draw people to viewing parties. Published. Switchback Brewery in Burlington, Vermont (another city that will witness totality) will be releasing Darkside Stout to attendees at the April 8 event.
“This is a great opportunity to promote our city and promote it as a place that people might want to live someday,” said Malik Evans, mayor of Rochester, New York. It was a rusting industrial city whose fate was washed away as a powerful manufacturing company like Xerox. And Eastman Kodak told CBS News they declined.
Air DNA
Texas is expected to receive the largest economic benefit, about $1.4 billion, according to Perryman's calculations. He said that's partly due to Texas' large population and large cities like Austin and Dallas in the overall flow.
Vermont, the nation's second-smallest state with a population of 650,000, expects up to 200,000 people to come to the state to watch the eclipse, CBS Boston reported. report. The economic impact could reach $230 million, Perryman predicted, one of the smaller financial impacts for states in the eclipse's path. Still, this is a significant change for states such as: annual GDP Approximately $43 billion.
How much does eclipse glass cost?
Americans are also spending money on equipment to properly view the eclipse, because staring at it without eye protection can permanently damage your vision. Sunglasses also do not provide enough shielding to prevent eye damage.
Instead people should buy solar eclipse glasses Approved by the American Astronomical Society and compliant with ISO 12312-2 standards. A six-pack of glasses in this standard can be found on Amazon for about $16, or less than $3 per pair.
However, consumers can also choose eclipse glasses as follows: Promotions at various retail stores. For example, Sonic Drive-In is currently selling Blackout Slush Floats, and when you purchase a celestial-inspired drink, you'll receive a free solar eclipse viewing glass. Glasses company Warby Parker is also giving away solar eclipse viewing glasses until April 8th.
Perryman noted that even though the overall phenomenon itself only lasts a few minutes on April 8, businesses could get a boost throughout the weekend.
“This is like a concert where people gather in the city, but they might do other things or watch other things,” he pointed out. “I’m interested in the benefits for small towns.”
Summarize this content to 100 words Steve Wright said this is the first he's heard about it. Total solar eclipse on April 8th Four years ago, a visitor booked his first room for an event at Vermont's Jay Peak Resort. Wright, the resort's general manager, said he soon started hearing roars coming from other ski areas. “They said, 'This hype is real,'” he recalled, adding that he had never seen anything like visitors' excitement over a solar eclipse.That early prediction turned out to be prescient, with Wright saying all 900 rooms at Jay Peak were fully booked for a year and a half on April 7th, at prices of about $500 a night. he pointed out. By comparison, the resort had about 80 bookings on the same day last year. Approximately 800 rooms have been reserved for April 8, the day of the solar eclipse.
In fact, tourists are getting into the spirit of a rare celestial event. Huge benefit for local businesses Across the direct path of the solar eclipse. During the eclipse, a couple will be getting married atop 4,000-meter Jay Peak, and a Pink Floyd cover band will be performing “The Dark Side of the Moon” at the resort. is scheduled to be played. And with more than a foot of snow expected to fall, arrive soon Skiers are also more likely to hit the slopes when the moon and sun align during a solar eclipse.
Wright said he expects his resort to post as much revenue for the weekend of April 5-8 as it would for the entire month of normal April. “We are at the end of the total path, which is often touted as the best view of the solar eclipse as it will take over three and a half minutes,” he told CBS MoneyWatch, adding that the event He added that he is giving his support. Visit not just Jay Peak, but the entire rural region of Vermont known for its scenic farms and ski areas. “The whole community sold out.”The total solar eclipse not only brings shade to the dozen states where the astronomical event is scheduled, but it also brings economic benefits to states from Texas to Vermont. Economic analysis firm Perryman Group estimates that the eclipse could boost public finances by up to $6 billion through increased spending on hotels, restaurants and travel.
Small Texas city in path of total solar eclipse prepares for large crowds
02:15
“It's amazing how much this has captured people's imaginations,” Perryman Group economist and CEO Ray Perryman told CBS MoneyWatch. “It will be concentrated over a short period of time, but it will give these cities, even the smaller ones, an opportunity to show off.”
Perryman noted that the eclipse is likely to cause a shock to the local economy, due in part to its timing. Americans are returning to pre-pandemic travel habits, but this event is occurring in the spring, when people are more likely to want to travel than in the winter. “There's also the fact that we won't see an eclipse like this for many years,” he says.The next total solar eclipse seen in the United States will be in 2045. according to To NASA.”This is not only a scientific phenomenon, it's an emotional phenomenon,” Dan Schneiderman, solar eclipse partnership coordinator at the Rochester Museum of Science, told CBS News. Bill Nye and Darkside StoutOn April 8, viewing parties will be held in cities large and small along the path of the solar eclipse. The scope of the event is as follows: Eclipse-o-Rama 2024 Bill Nye, a science expert from Fredericksburg, Texas, and $325 per ticket. Gathering hosted by NASA Indianapolis Motor Speedway (more budget-friendly $20 per ticket)Companies like Rohrbach Brewing Company in Rochester, New York (a city on Totality's route), which makes Rohrbach Totality Black Lager, also offer special souvenirs to draw people to viewing parties. Published. Switchback Brewery in Burlington, Vermont (another city that will witness totality) will be releasing Darkside Stout to attendees at the April 8 event. “This is a great opportunity to promote our city and promote it as a place that people might want to live someday,” said Malik Evans, mayor of Rochester, New York. It was a rusting industrial city whose fate was washed away as a powerful manufacturing company like Xerox. And Eastman Kodak told CBS News they declined.
As of April 7, 2024, more than half of Airbnb's listings are already booked in cities in the path of the solar eclipse.
Air DNA
Texas is expected to receive the largest economic benefit, about $1.4 billion, according to Perryman's calculations. He said that's partly due to Texas' large population and large cities like Austin and Dallas in the overall flow.
Vermont, the nation's second-smallest state with a population of 650,000, expects up to 200,000 people to come to the state to watch the eclipse, CBS Boston reported. report. The economic impact could reach $230 million, Perryman predicted, one of the smaller financial impacts for states in the eclipse's path. Still, this is a significant change for states such as: annual GDP Approximately $43 billion. How much does eclipse glass cost?Americans are also spending money on equipment to properly view the eclipse, because staring at it without eye protection can permanently damage your vision. Sunglasses also do not provide enough shielding to prevent eye damage. Instead people should buy solar eclipse glasses Approved by the American Astronomical Society and compliant with ISO 12312-2 standards. A six-pack of glasses in this standard can be found on Amazon for about $16, or less than $3 per pair.
Doctors stress the importance of solar eclipse safety as special glasses disappear
02:45
However, consumers can also choose eclipse glasses as follows: Promotions at various retail stores. For example, Sonic Drive-In is currently selling Blackout Slush Floats, and when you purchase a celestial-inspired drink, you'll receive a free solar eclipse viewing glass. Glasses company Warby Parker is also giving away solar eclipse viewing glasses until April 8th. Perryman noted that even though the overall phenomenon itself only lasts a few minutes on April 8, businesses could get a boost throughout the weekend.”This is like a concert where people gather in the city, but they might do other things or watch other things,” he pointed out. “I’m interested in the benefits for small towns.”
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Aimee Picchi is an associate editor at CBS MoneyWatch, covering business and personal finance. She previously worked at Bloomberg News and has contributed to national news organizations such as USA Today and Consumer Reports.
https://www.cbsnews.com/news/solar-eclipse-april-8-economy-spending-boom-6-billion/ Solar eclipse could bring $6 billion economic boom: 'Entire communities sold out'
