TY - JOUR
T1 - The Economic Impact of Professional Teams on Monthly Hotel Occupancy Rates of Canadian Cities
T2 - A Box-Jenkins Approach
AU - Lavoie, Marc
AU - Rodríguez, Gabriel
PY - 2005/8
Y1 - 2005/8
N2 - 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.
AB - 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.
KW - ARIMA
KW - hotel occupancy rates
KW - major league sports
KW - seasonality
KW - unit roots
UR - http://www.scopus.com/inward/record.url?scp=84990395169&partnerID=8YFLogxK
U2 - 10.1177/1527002504268614
DO - 10.1177/1527002504268614
M3 - Article
AN - SCOPUS:84990395169
SN - 1527-0025
VL - 6
SP - 314
EP - 324
JO - Journal of Sports Economics
JF - Journal of Sports Economics
IS - 3
ER -