Hotel Demand Before, During, and after Sports Events: Evidence from Charlotte, North Carolina

13 Pages Posted: 5 Jun 2018

See all articles by Craig A. Depken

Craig A. Depken

University of North Carolina at Charlotte - The Belk College of Business Administration - Department of Economics

Frank Stephenson

Berry College

Date Written: July 2018

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 Classification: H71, Z23, Z28

Suggested Citation

Depken, Craig A. and Stephenson, Frank, Hotel Demand Before, During, and after Sports Events: Evidence from Charlotte, North Carolina (July 2018). Economic Inquiry, Vol. 56, Issue 3, pp. 1764-1776, 2018. Available at SSRN: https://ssrn.com/abstract=3188600 or http://dx.doi.org/10.1111/ecin.12572

Craig A. Depken (Contact Author)

University of North Carolina at Charlotte - The Belk College of Business Administration - Department of Economics ( email )

Charlotte, NC 28223
United States

Frank Stephenson

Berry College

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