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The Economic Impact of Professional Teams on Monthly Hotel Occupancy Rates of Canadian Cities

Author

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  • Marc Lavoie

    (University of Ottawa, mlavoie@uottawa.ca)

  • Gabriel Rodríguez

    (University of Ottawa)

Abstract

This article presents another attempt at finding the favorable economic effects claimed by sports team owners and boosters. The article has four peculiarities. First, no attempt is made to build a model explaining the targeted dependent variable; rather, a modified Box-Jenkins procedure is used. Second, the targeted variable, the hotel occupancy rates, is specific to the tourism industry. Third, our estimations are based on monthly data over a period of 10 years. Last, the study deals with Canadian rather than American cities. Overall results are somewhat ambiguous, but there does seem to be some evidence that the hockey lock-out of 1994-1995 did have a negative impact on hotel occupancy rates.

Suggested Citation

  • Marc Lavoie & Gabriel Rodríguez, 2005. "The Economic Impact of Professional Teams on Monthly Hotel Occupancy Rates of Canadian Cities," Journal of Sports Economics, , vol. 6(3), pages 314-324, August.
    • Handle: RePEc:sae:jospec:v:6:y:2005:i:3:p:314-324
    DOI: 10.1177/1527002504268614
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    References listed on IDEAS

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    Cited by:

    1. Dennis Coates & Brad R. Humphreys, 2008. "Do Economists Reach a Conclusion on Subsidies for Sports Franchises, Stadiums, and Mega-Events?," Econ Journal Watch, Econ Journal Watch, vol. 5(3), pages 294-315, September.
    2. Robert W. Baumann & Victor A. Matheson, 2017. "Many happy returns? The Pro-Bowl, mega-events, and tourism in Hawaii," Tourism Economics, , vol. 23(4), pages 788-802, June.
    3. Michael Earhart & E. Frank Stephenson, 2018. "Same-sex marriage legalization and wedding tourism: evidence from Charleston and Savannah," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 42(3), pages 566-574, July.
    4. Dehring, Carolyn A. & Depken II, Craig A. & Ward, Michael R., 2008. "A direct test of the homevoter hypothesis," Journal of Urban Economics, Elsevier, vol. 64(1), pages 155-170, July.
    5. Dusan Borovcanin & Ivan Cuk & Miha Lesjak & Emil Juvan, 2020. "The Importance of Sport Event on Hotel Performance for Restarting Tourism After COVID-19," Societies, MDPI, vol. 10(4), pages 1-13, November.
    6. Dennis Coates, 2007. "Stadiums And Arenas: Economic Development Or Economic Redistribution?," Contemporary Economic Policy, Western Economic Association International, vol. 25(4), pages 565-577, October.
    7. Clay Collins & Craig A. Depken & E. Frank Stephenson, 2022. "The Impact of Sporting and Cultural Events in a Heterogeneous Hotel Market: Evidence from Austin, TX," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 48(4), pages 518-547, October.
    8. Bruno Caprettini, 2021. "Team Visibility and City Travel: Evidence From the UEFA Champions' League Random Draw," Journal of Sports Economics, , vol. 22(1), pages 85-114, January.
    9. Bernard F. Lentz & David N. Laband, 2009. "The Impact of Intercollegiate Athletics on Employment in the Restaurant and Accommodations Industries," Journal of Sports Economics, , vol. 10(4), pages 351-368, August.
    10. Brooke Crutchfield & Jonathan Willner, 2016. "Football in Greater Manchester: Growth Effects of Premiership Status Teams," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 22(4), pages 447-456, November.
    11. Arne Feddersen & Wolfgang Maennig, 2013. "Mega-Events And Sectoral Employment: The Case Of The 1996 Olympic Games," Contemporary Economic Policy, Western Economic Association International, vol. 31(3), pages 580-603, July.
    12. Philip K. Porter & Daniel M. Chin, 2012. "Economic Impact of Sports Events," Chapters, in: Wolfgang Maennig & Andrew Zimbalist (ed.), International Handbook on the Economics of Mega Sporting Events, chapter 15, Edward Elgar Publishing.
    13. Yulia Chikish & Brad R. Humphreys & Crocker H. Liu & Adam Nowak, 2017. "Professional Sports Events, Concerts, and Urban Place Based Policy: Evidence from the Staples Center," Working Papers 17-32, Department of Economics, West Virginia University.
    14. John Charles Bradbury & Dennis Coates & Brad R. Humphreys, 2023. "The impact of professional sports franchises and venues on local economies: A comprehensive survey," Journal of Economic Surveys, Wiley Blackwell, vol. 37(4), pages 1389-1431, September.
    15. Lauren R. Heller & E. Frank Stephenson, 2021. "How Does the Super Bowl Affect Host City Tourism?," Journal of Sports Economics, , vol. 22(2), pages 183-201, February.
    16. Craig A. Depken & E. Frank Stephenson, 2018. "Hotel Demand Before, During, And After Sports Events: Evidence From Charlotte, North Carolina," Economic Inquiry, Western Economic Association International, vol. 56(3), pages 1764-1776, July.
    17. Bernard F. Lentz & David N. Laband, 2008. "The Impact of College Athletics on Employment in the Restaurant and Accommodations Industries," Working Papers 0803, International Association of Sports Economists;North American Association of Sports Economists.

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