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The Impact of the New York City Marathon on Hotel Demand

Author

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  • Joshua Martin

    (Department of Economics, John Chambers College of Business and Economics, West Virginia University, Morgantown, WV 26506, USA
    These authors contributed equally to this work.)

  • Joshua Hall

    (Department of Economics, John Chambers College of Business and Economics, West Virginia University, Morgantown, WV 26506, USA
    These authors contributed equally to this work.)

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.

Suggested Citation

  • Joshua Martin & Joshua Hall, 2020. "The Impact of the New York City Marathon on Hotel Demand," Economies, MDPI, vol. 8(4), pages 1-10, October.
    • Handle: RePEc:gam:jecomi:v:8:y:2020:i:4:p:89-:d:432335
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    References listed on IDEAS

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