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The Importance of Holiday Spending for Economic Vitality

The winter holiday market season offers an economic boost for the Kansas City metro region. From downtown Kansas City to suburban centers like Overland Park, Shawnee and Olathe, the festive marketplace environment draws consumers, supports local businesses and enhances regional economic activity. Understanding that dynamic is critical: vibrant local economies support employment, income growth, K-12 education funding and the health of businesses to expand 401(k) opportunities for employees.

According to the latest reporting year in 2024 from Visit KC, the Kansas City region recorded approximately $4 billion in annual visitor spending, with daily visitor spending averaging $18.4 million and an estimated 78,000 visitors per day. That suggests that holiday market events, which emphasize retail, food/beverage and experiential spending, can capture a sizeable share of incremental activity.

The National Retail Federation (NRF) forecasts that holiday (Nov-Dec) retail sales in 2025 will grow by 3.7% to 4.2% over 2024, reaching between $1.01 trillion and $1.02 trillion. This will mark the first time that holiday spending in the United States surpasses the $1 trillion mark. While the Kansas City market is smaller, the local translation is clear: holiday markets generate measurable visitor interest, vendor revenue and spillover into hospitality, dining and transportation. One article from Business Insider notes that holiday markets in walkable districts “show how mixed-use development is good for businesses, public health and a city’s vitality.”

For example, artisan style holiday & seasonal markets featuring local makers, pop-ups and experiential elements are gaining traction across the Kansas City metro. Coverage of local market guides from Starland News emphasizes how shopping from Kansas City makers bolsters the regional economy. From a wealth management lens, this matters: increased small business revenue helps strengthen the income base of many employees, supports business owner retirement planning opportunities and enhances the local tax base that underpins economic infrastructure.

The indirect and induced effects of these holiday & seasonal markets should not be overlooked. Beyond the vendors themselves, nearby restaurants, parking facilities, hotels (for visitors extending stays), and event logistics providers gain business. Local sourcing of goods and services such as event staging, décor, lighting, and custodial services multiplies the economic benefit. Further, the holiday & seasonal market surge can help small businesses expand visibility, build customer loyalty and enter year-round channels—a point underscored by data from Advertising Week showing that 87% of holiday shoppers who visit small businesses are more likely to return.

However, market organizers and regional development officials must align on best practices: optimized timing, vendor mix of products offered, accessible price points and robust promotion. Weather, parking/traffic, local infrastructure capacity and vendor readiness all influence success. From a strategic viewpoint, holiday & seasonal markets should be integrated into regional economic development calendars, not treated as standalone events.

For the Kansas City metro region, holiday & seasonal markets represent an economic amplifier that drives retail and hospitality spending, supports local entrepreneurship and strengthens community wealth.

At Konza Global Wealth Group, we place a premium on regional economic vibrancy. The holiday market season offers a timely touchpoint for linking economic activity to retirement asset health along with reviewing business retirement and succession plans. Whether you are seeking a second opinion on your financial and retirement strategies as an individual or business owner, Konza Global is here to assist with your wealth management needs.

This writing is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation regarding any securities transaction, or as an offer to provide advisory or other services by Konza Global Advisory, LLC in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction.

The information contained in this writing should not be construed as financial or investment advice on any subject matter. Konza Global Advisory, LLC expressly disclaims all liability in respect to actions taken based on any or all the information in this writing.

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