The Impact of Sporting and Cultural Events in a Heterogeneous Hotel Market: Evidence from Austin, TX

30 Pages Posted: 11 Jun 2019

See all articles by Clay Collins

Clay Collins

affiliation not provided to SSRN

Craig A. Depken

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

E. Frank Stephenson

Berry College - Campbell School of Business

Date Written: May , 2019

Abstract

This paper provides an empirical analysis of how various local events impact the daily hotel market of Austin, Texas. The major innovation in this paper over previous studies that use daily hotel data is that we differentiate between six different grades of hotel rooms. Thus, the analysis differentiates how various events impact the daily demand for hotel rooms in different grades. The analysis is extended to daily hotel revenues generated in the six grades of hotel rooms and discuss how the various events contribute to local and state hotel-occupancy tax revenues. The paper closes with a discussion about possible policy implications to city and state economies.

Keywords: economic impact, occupancy tax, tourism economics

JEL Classification: H71, Z23, Z28

Suggested Citation

Collins, Clay and Depken, Craig A. and Stephenson, E. Frank, The Impact of Sporting and Cultural Events in a Heterogeneous Hotel Market: Evidence from Austin, TX (May , 2019). Available at SSRN: https://ssrn.com/abstract=3393739 or http://dx.doi.org/10.2139/ssrn.3393739

Clay Collins

affiliation not provided to SSRN

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

E. Frank Stephenson

Berry College - Campbell School of Business ( email )

2277 Martha Berry Hwy NW
Mount Berry, GA 30149
United States

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