There is a lot of research in the world. Quantifying this, qualifying that, explaining and predicting trends. This is especially useful if you are selling something and need to know what the public want.
Research has been a good friend to mountain biking in Rotorua. The report on the 2006 UCI World Mountain Bike & Trials Championships estimated the economic benefit to the city at $35 million. Research has estimated the annual value of mountain biking to Rotorua to be $10 million. Even the 2010 Singlespeed World Championships saw a benefit of more than $2 million.
These are significant figures and all for a relatively small investment. The 2006 Worlds were run on a tiny budget for what was achieved. The 2010 Singlespeeds were run on a real shoestring and only broke even because of generous support from the Rotorua Energy Charitable Trust. Like a lot of events, this only happened because the organisers put in lots of hours and hard work.
Apart from the financial benefits, both also resulted in worldwide media attention shining the spotlight on our trails and city. And because they attracted race fields from round the world and were successful, riders went home and sang the praises of our little corner of the world. Word of mouth is something you really can't buy.