The Impact of Sporting and Cultural Events in a Heterogeneous Hotel Market: Evidence from Austin, TX

Clay Collins, Craig Depken and E. Frank Stephenson
Additional contact information
Clay Collins: West Virginia University

Eastern Economic Journal, 2022, vol. 48, issue 4, No 3, 518-547

Abstract: Abstract This paper provides an empirical analysis of how various local political, cultural, and sporting events affect daily room rentals in the Austin, Texas hotel market. In an innovation of previous studies that use daily hotel data, we differentiate how events affect different tiers of hotel rooms ranging from economy hotels to luxury hotels. The results show disparities between events with regard to the quality of hotel demanded. The analysis is extended to daily hotel revenues generated in the six tiers of hotel rooms and how the various events contribute to local and state hotel-occupancy tax revenues.

Keywords: Hotel occupancy; Hotel quality; Sports tourism (search for similar items in EconPapers)
JEL-codes: H71 Z23 Z28 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1057/s41302-022-00220-3 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:easeco:v:48:y:2022:i:4:d:10.1057_s41302-022-00220-3

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/41302

DOI: 10.1057/s41302-022-00220-3

Access Statistics for this article

Eastern Economic Journal is currently edited by Allan Zebedee and Cynthia Bansak

More articles in Eastern Economic Journal from Palgrave Macmillan, Eastern Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().