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Professional Sports Events, Concerts, and Urban Place Based Policy: Evidence from the Staples Center

Author

Listed:
  • Yulia Chikish

    (West Virginia University, Department of Economics)

  • Brad R. Humphreys

    (West Virginia University, Department of Economics)

  • Crocker H. Liu

    (Cornell University School of Hotel Administration)

  • Adam Nowak

    (West Virginia University, Department of Economics)

Abstract

We analyze the relationship between sports events and concerts, important hospitality demand drivers and key components of many urban renewal projects, in the Staples Center in Los Angeles, an arena home to three pro teams, and nearby hotel performance, exploiting exogenous daily variation in the timing of games and concerts from 2002 to 2017. Results show a small positive impact on revenue per available room at hotels within one mile of the arena and an offsetting decrease at hotels located one to four miles away. Granting nearby hotels exemptions from Los Angeles hotel taxes reduces potential tourism-generated hotel tax revenue increases.

Suggested Citation

  • 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.
  • Handle: RePEc:wvu:wpaper:17-32
    as

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    File URL: http://busecon.wvu.edu/phd_economics/pdf/17-32.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    place based policy; hotel operating performance; professional sports;
    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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