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

24 Pages Posted: 27 Nov 2017

See all articles by Yulia Chikish

Yulia Chikish

West Virginia University - Department of Economics

Brad R. Humphreys

West Virginia University - Department of Economics

Crocker Herbert Liu

Cornell University - School of Hotel Administration

Adam Nowak

West Virginia University

Date Written: November 20, 2017

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.

Keywords: place based policy, hotel operating performance, professional sports

JEL Classification: H71, Z23, Z28

Suggested Citation

Chikish, Yulia and Humphreys, Brad R. and Liu, Crocker Herbert and Nowak, Adam, Professional Sports Events, Concerts, and Urban Place Based Policy: Evidence from the Staples Center (November 20, 2017). Available at SSRN: https://ssrn.com/abstract=3074780 or http://dx.doi.org/10.2139/ssrn.3074780

Yulia Chikish

West Virginia University - Department of Economics ( email )

Morgantown, WV 26506
United States

Brad R. Humphreys (Contact Author)

West Virginia University - Department of Economics ( email )

Morgantown, WV 26506
United States

Crocker Herbert Liu

Cornell University - School of Hotel Administration ( email )

435B Statler Hall
Ithaca, NY 14853-6902
United States

Adam Nowak

West Virginia University ( email )

PO Box 6025
Morgantown, WV 26506
United States

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