Not directly, but in a community this size the economy is pretty interconnected. Tourism is one of the major pillars of the local economy. If it struggles, people will be laid off, other businesses will find fewer customers and feel a pinch as well. Like throwing a rock into a pond, the ripples spread.
For the short term, all this destruction is actually good for my employer, as many people will no doubt be renovating or rebuilding. In the longer term, maybe people will second-guess projects they were planning. Maybe people will wonder if this is going to be an annual thing, and maybe people will have second thoughts on whether this is the place they want to plan their future around.
-k