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

Authors

Iuliia Chikish, West Virginia UniversityFollow
Brad R. Humphreys, West Virginia UniversityFollow
Crocker H. Liu, Cornell University School of Hotel AdministrationFollow
Adam D. Nowak, West Virginia UniversityFollow

Document Type

Working Paper

Publication Date

11-20-2017

College/Unit

Chambers College of Business and Economics

Document Number

17-32

Department/Program/Center

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 osetting 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.

Digital Commons Citation

Chikish, Iuliia; Humphreys, Brad R.; Liu, Crocker H.; and Nowak, Adam D., "Professional Sports Events, Concerts, and Urban Place Based Policy: Evidence from the Staples Center" (2017). Economics Faculty Working Papers Series. 247.
https://researchrepository.wvu.edu/econ_working-papers/247