Document Type
Article
Publication Date
2020
College/Unit
Chambers College of Business and Economics
Department/Program/Center
Economics
Abstract
Daily hotel data are employed, along with information on prices, revenue, demand and hotel occupancy, to analyze part of the local economic impact of the annual New York City (NYC) Marathon. As the largest competitive race in the world, the marathon attracts domestic and international competitors and spectators. The cancellation of the 2012 marathon due to Hurricane Sandy was estimated to lead to an increase of 4000 hotel nights as well as a 10% increase in the average daily room rate. Taken together, this is associated with a USD 3 million increase in hotel revenue. The results suggest a significantly lower local economic impact of the race than previously thought.
Digital Commons Citation
Martin, Joshua and Hall, Joshua, "The Impact of the New York City Marathon on Hotel Demand" (2020). Faculty & Staff Scholarship. 3028.
https://researchrepository.wvu.edu/faculty_publications/3028
Source Citation
Martin, J.; Hall, J. The Impact of the New York City Marathon on Hotel Demand. Economies 2020, 8, 89. https://doi.org/10.3390/economies8040089
Comments
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.