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The Impact of Sporting and Cultural Events in a Heterogeneous Hotel Market: Evidence from Austin, TX

Author

Listed:
  • Clay Collins

    (West Virginia University)

  • Craig A. Depken

    (UNC Charlotte)

  • E. Frank Stephenson

    (Berry College)

Abstract

This paper provides an empirical analysis of how various local political, cultural, and sporting events affect daily room rentals in the Austin, Texas hotel market. In an innovation of previous studies that use daily hotel data, we differentiate how events affect different tiers of hotel rooms ranging from economy hotels to luxury hotels. The results show disparities between events with regard to the quality of hotel demanded. The analysis is extended to daily hotel revenues generated in the six tiers of hotel rooms and how the various events contribute to local and state hotel-occupancy tax revenues.

Suggested Citation

  • Clay Collins & Craig A. Depken & E. Frank Stephenson, 2022. "The Impact of Sporting and Cultural Events in a Heterogeneous Hotel Market: Evidence from Austin, TX," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 48(4), pages 518-547, October.
    • Handle: RePEc:pal:easeco:v:48:y:2022:i:4:d:10.1057_s41302-022-00220-3
    DOI: 10.1057/s41302-022-00220-3
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    References listed on IDEAS

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    More about this item

    Keywords

    Hotel occupancy; Hotel quality; Sports tourism;
    All these keywords.

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • Z23 - Other Special Topics - - Sports Economics - - - Finance
    • Z28 - Other Special Topics - - Sports Economics - - - Policy

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