"They keep the tills ringing right across the district and hotels and motels full over the summer.
"We've now got our work cut out for us to make 2020/21 even better. But we're not resting on our laurels and the team is already looking ahead to next season."
The Powerco Lights Up The Night New Year's Eve celebration proved a major drawcard with 9000 visitors seeing in 2020 in the park.
This season's festival included 14 new light features and crowds packed out the Hatchery and Fred Park lawns to see some great local, Kiwi and international artists.
There was also great attendance at Summer Scene Kids and Summer Seniors events and the first Woofstock for dogs was a major hit.
The post-event analysis will look into how many of the 150,000 visitors were from outside of the region and also look into the economic benefits.
Previous studies from Venture Taranaki found the Festival boosted the economy by about $5 million when there were 125,000 visitors in 2017/18.