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Unconventional Wisdom: Estimating the Economic Impact of the Democratic and Republican National Political Conventions

Author

Listed:
  • Victor Matheson

    (Department of Economics, College of the Holy Cross)

  • Lauren R. Heller

    (Department of Economics, Berry College)

  • E. Frank Stephenson

    (Department of Economics, Berry College)

Abstract

We use daily hotel occupancy, price, and revenue data to analyze the economic impact of the 2008 and 2012 Democratic and Republican National Conventions. We find that political conventions generate approximately 29,000 room nights of lodging, though this figure is offset by lower hotel occupancy during the week before and, to a lesser extent, after conventions. Conventions increase hotel revenue by approximately $20 million on average, a figure which suggests that host cities� claims of economic impacts of $150 million or more may be implausible.

Suggested Citation

  • Victor Matheson & Lauren R. Heller & E. Frank Stephenson, 2017. "Unconventional Wisdom: Estimating the Economic Impact of the Democratic and Republican National Political Conventions," Working Papers 1701, College of the Holy Cross, Department of Economics.
    • Handle: RePEc:hcx:wpaper:1701
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    Cited by:

    1. Raffaello Bronzini & Sauro Mocetti & Matteo Mongardini, 2020. "The economic effects of big events: Evidence from the great jubilee 2000 in Rome," Journal of Regional Science, Wiley Blackwell, vol. 60(4), pages 801-822, September.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    6. 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.

    More about this item

    Keywords

    conventions; mega-event; tourism; hotel occupancy;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock

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