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A Note on the Effects of Popular Music Concerts on Hospitality Sales: The Case of Waterfront Concerts in Bangor, Maine

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  • Todd M. Gabe

    (University of Maine)

  • Nicholas A. Lisac

    (University of Maine)

Abstract

This piece examines the local tourism-related expenditures made by attendees at large, outdoor popular music concerts held from 2010 to 2012 in Bangor, Maine. A regression analysis of the relationship between monthly taxable retail sales—e.g., restaurant and lodging sales—and the number of concertgoers is used to estimate local spending figures of between $33.81 and $52.31 per attendee on restaurant meals, and $18.92 to $23.12 per concertgoer on lodging in the Bangor region. Results suggest that an estimated 29 to 31 percent of attendees spend the night in the local area, which is very similar to the share of concertgoers who travel more than two hours to attend shows.

Suggested Citation

  • Todd M. Gabe & Nicholas A. Lisac, 2014. "A Note on the Effects of Popular Music Concerts on Hospitality Sales: The Case of Waterfront Concerts in Bangor, Maine," The Review of Regional Studies, Southern Regional Science Association, vol. 44(1), pages 61-74, Spring.
    • Handle: RePEc:rre:publsh:v44:y:2014:i:1:p:63-76
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    References listed on IDEAS

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    More about this item

    Keywords

    popular music concerts; tourism expenditures; economic impact; taxable retail sales data;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

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