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- Title
Would Columbus Miss the Crew? Major League Soccer and Hotel Occupancy.
- Authors
Sheehan, Kathleen M.; Stephenson, E. Frank
- Abstract
In late 2017, reports indicated that the Columbus Crew soccer team would relocate to Austin, Texas. This paper uses three years of daily data to examine the effect of the Crew, as well as other sports teams and events, on hotel room rentals, hotel room rates, and hotel revenues in Columbus. The results indicate that Ohio State University football games and a three-day rock music festival generate large increases in hotel room rentals, rates, and revenues, while the Crew, an NHL hockey franchise, and a minor league baseball team have small effects. The Crew ultimately stayed in Columbus under new ownership and with a large subsidy for a new stadium; nonetheless this paper yields insights on the overnight drawing power of various sporting and other events.
- Subjects
COLUMBUS (Ohio); ROCK music festivals; HOTEL rates; SPORTS events; HOTELS; MINOR league baseball; HOTEL rooms; SPORTS teams; COLUMBUS, Christopher, 1451-1506; OHIO State University; MAJOR League Soccer (Organization); BASEBALL players; SOCCER players
- Publication
New York Economic Review, 2020, Vol 51, p16
- ISSN
1090-5693
- Publication type
Article