Business briefs, May 13-16
Chamber/Bureau to detail online impact
The Park City Chamber/Bureau is digging into the role its website, visitparkcity.com, plays in bringing visitors to Park City. According to a newsletter, the organization is scheduled to hold an event for members discussing that topic, as well website user data, visitor demographics and other information that could helpful for business looking to engage visitors. The event is scheduled for Wednesday, May 24, from 11:30 a.m. to 1 p.m. at the Park City Peaks Hotel. The cost is $15 for lunch, and attendees are asked to RSVP online.
Utah has prices among highest
Gas prices in Utah remain among the highest in the nation and have risen seven cents over the last month. According to a press release from AAA Utah, the average price for a gallon of gas at Utah is $2.46, 11th highest in the U.S. Rolayne Fairclough, AAA Utah spokeswoman, said increasing production in the U.S. could limit price increases, however. “(That) places considerable downward pressure on prices, especially when coupled with the supply glut and the lower than normal demand by the public,” she said. “But, this immediate downward trend may not be considered the norm for the upcoming summer driving season when forecasts indicate demand will increase.”
Consumer Price Index rises in April
The Zions Bank Wasatch Front Consumer Price Index rose 0.4 during April, a 2.8 percent increase from the previous year, as housing prices surged. According to a press release, the continued price increases for products in the state are indicative of a healthy economy. “Utah’s economy is gearing up for more growth,” said Scott Anderson, Zions Bank president and CEO, in the release. “Home values continue to increase as Utah becomes more and more attractive as a market for professionals and families looking for good jobs and a great place to live.”
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A study pegged the number of Sundance Film Festival attendees at 122,313, with the event generating an economic impact of $182.5 million. Both numbers represent a slight decrease from the 2018 festival.