Saturday, February 6, 2016
From An Economic Impact Perspective, The Bay Area Got Half Their Wish With Super Bowl 50 Matchup
This article touches on the economic standpoint of the super bowl and which teams would have been optimal for maximizing the economic profit. The 50th super bowl is being held in Santa Clara, California on Sunday between the Denver Broncos and theCarolina Panthers. However, the two teams that would have the largest economic impacted based on: (1) how many visitors do you attract to the region, (2) how much do these visitors spend above and beyond the normal flow of visitor spending historically experienced during that same time of year for that region, and (3) is their spending retained within the local economy after the event (as opposed to somehow leaking out of the community).on proximity, travel costs, and fans would be the Denver Broncos and Arizona Cardinals. Normally when I would think of the Super Bowl I wouldn't consider the large economic impact and factors and found this article eye-opening.
http://www.forbes.com/sites/prishe/2016/01/29/from-an-economic-impact-perspective-san-francisco-got-half-their-wish-with-super-bowl-50-matchup/#7dbdde3169ed
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So interesting how people can predict who might be in the super bowl by their economic profit.
ReplyDeleteI also found the article very surprising, because I had never considered the economic affect that an event like this would have on the surrounding area. The only aspects I had considered were the advertising and actual event revenue, but not the purchases generated by individuals who would normally not have visited the area without the super bowl. However, even though the article states that economically the location should have been Denver, I find it interesting that the impact is minimal because of the small amount of tickets that participating teams are actually allocated.
ReplyDeleteI also found the article very surprising, because I had never considered the economic affect that an event like this would have on the surrounding area. The only aspects I had considered were the advertising and actual event revenue, but not the purchases generated by individuals who would normally not have visited the area without the super bowl. However, even though the article states that economically the location should have been Denver, I find it interesting that the impact is minimal because of the small amount of tickets that participating teams are actually allocated.
ReplyDeleteI understand the points the article makes about the distances each team has to make to travel to the Super Bowl itself. However, I would be interested in seeing the elasticity of demand for the Super Bowl. My guess is the demand is pretty inelastic when it comes to the Super Bowl. Personally, if the Cleveland Browns made it to the Super Bowl, I would try any way possible to make it, regardless of where it was.
ReplyDeleteI understand the points the article makes about the distances each team has to make to travel to the Super Bowl itself. However, I would be interested in seeing the elasticity of demand for the Super Bowl. My guess is the demand is pretty inelastic when it comes to the Super Bowl. Personally, if the Cleveland Browns made it to the Super Bowl, I would try any way possible to make it, regardless of where it was.
ReplyDeleteThis article makes you think about how the league is run. People can predict who might be in the super bowl based on where will have the largest economic impact.
ReplyDeleteBroncos are the champions!!! Well seeing as a commercial during the super bowl costs up to 5 million dollars it makes sense that the city it's held in is heavily effected.
ReplyDeleteI would like to see numbers about the economic impact on San Francisco. There are so many visitors for an event like this. It would be very interesting to see revenue figures for the weekend of the Super Bowl in the host city.
ReplyDelete