Unconventional Wisdom: Estimating the Economic Impact of the Democratic and Republican National Political Conventions

Victor Matheson, Lauren Heller and E. Frank Stephenson

No 1701, Working Papers from College of the Holy Cross, Department of Economics

Abstract: We use daily hotel occupancy, price, and revenue data to analyze the economic impact of the 2008 and 2012 Democratic and Republican National Conventions. We find that political conventions generate approximately 29,000 room nights of lodging, though this figure is offset by lower hotel occupancy during the week before and, to a lesser extent, after conventions. Conventions increase hotel revenue by approximately $20 million on average, a figure which suggests that host cities� claims of economic impacts of $150 million or more may be implausible.

Keywords: conventions; mega-event; tourism; hotel occupancy (search for similar items in EconPapers)
JEL-codes: O18 R53 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2017-05
References: Add references at CitEc
Citations:

Published in Papers in Regional Science, Volume 97, Number 4, November 2018, Pages 1267-1278.

Downloads: (external link)
https://hcapps.holycross.edu/hcs/RePEc/hcx/HC1701- ... onventionsHotels.pdf (application/pdf)

Related works:
Journal Article: Unconventional wisdom: Estimating the economic impact of the Democratic and Republican national political conventions (2018)
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:hcx:wpaper:1701

Access Statistics for this paper

More papers in Working Papers from College of the Holy Cross, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Victor Matheson ().