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Hotel Demand Before, During, And After Sports Events: Evidence From Charlotte, North Carolina

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  • Craig A. Depken
  • E. Frank Stephenson

Abstract

This paper uses daily hotel occupancy data to examine the effects of a wide variety of political and sporting events on the hotel room market of Charlotte, North Carolina from 2005 to 2014. Two political conventions and NASCAR auto races are associated with large increases in hotel occupancy, prices, and revenue, but many other events have no discernable effect on Charlotte's hotel market. The results also indicate that occupancy effects before or after most events are modest at best. Back‐of‐the‐envelope calculations show incremental hotel‐tax receipts fall short of the debt service incurred in constructing and maintaining the city's sports venues. (JEL H71, Z23, Z28)

Suggested Citation

  • Craig A. Depken & E. Frank Stephenson, 2018. "Hotel Demand Before, During, And After Sports Events: Evidence From Charlotte, North Carolina," Economic Inquiry, Western Economic Association International, vol. 56(3), pages 1764-1776, July.
    • Handle: RePEc:bla:ecinqu:v:56:y:2018:i:3:p:1764-1776
    DOI: 10.1111/ecin.12572
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    References listed on IDEAS

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    Cited by:

    1. Jesyca Salgado-Barandela & à ngel Barajas & Patricio Sánchez-Fernández, 2021. "Sport-event portfolios: An analysis of their ability to attract revenue from tourism," Tourism Economics, , vol. 27(3), pages 436-454, May.
    2. Meehan, Brian & Rusko, Corey J. & Stephenson, E. Frank, 2020. "(Pot)Heads in Beds: The Eect of Marijuana Legalization on Hotel Occupancy in Colorado and Washington," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 50(1), May.
    3. Bruno Caprettini, 2021. "Team Visibility and City Travel: Evidence From the UEFA Champions' League Random Draw," Journal of Sports Economics, , vol. 22(1), pages 85-114, January.
    4. Yulia Chikish & Brad R. Humphreys & Crocker H. Liu & Adam Nowak, 2017. "Professional Sports Events, Concerts, and Urban Place Based Policy: Evidence from the Staples Center," Working Papers 17-32, Department of Economics, West Virginia University.
    5. Colin Steitz & Joshua Hall, 2020. "The Impact of Conventions on Hotel Demand: Evidence from Indianapolis Using Daily Hotel Occupancy Data," JRFM, MDPI, vol. 13(10), pages 1-15, September.
    6. Lauren R. Heller & E. Frank Stephenson, 2021. "How Does the Super Bowl Affect Host City Tourism?," Journal of Sports Economics, , vol. 22(2), pages 183-201, February.
    7. Martin Thomas Falk & Markku Vieru, 2021. "Short-term hotel room price effects of sporting events," Tourism Economics, , vol. 27(3), pages 569-588, May.
    8. Craig A. Depken II & Benjamin L. Fore, 2020. "Firm-Level Economic Activity Before, During, and After Local Events: A Case Study," Journal of Sports Economics, , vol. 21(4), pages 327-334, May.
    9. Nola Agha & Daniel Rascher, 2021. "Economic Development Effects of Major and Minor League Teams and Stadiums," Journal of Sports Economics, , vol. 22(3), pages 274-294, April.
    10. Clay Collins & Joshua C Hall, 2022. "Presidential inauguration tourism and hotel occupancy: Evidence from the Obama and Trump inaugurals," Tourism Economics, , vol. 28(1), pages 83-88, February.
    11. Joshua Martin & Joshua Hall, 2020. "The Impact of the New York City Marathon on Hotel Demand," Economies, MDPI, vol. 8(4), pages 1-10, October.
    12. 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.
    13. E. Frank Stephenson, 2021. "The cost of losing a National Football League franchise: evidence from hotel occupancy data," Applied Economics Letters, Taylor & Francis Journals, vol. 28(18), pages 1558-1561, October.

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    More about this item

    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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