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re: Wrestlemania 34 generated $175 million in Economic Impact for New Orleans
Posted on 11/12/18 at 4:13 pm to VaBamaMan
Posted on 11/12/18 at 4:13 pm to VaBamaMan
quote:That is about $2,239 per attendee. This seems like a very optimistic number, especially if it’s assuming the impact $175 million more than would otherwise exist.
Wrestlemania 34 generated $175 million in Economic Impact for New Orleans
2
Posted on 11/12/18 at 4:16 pm to buckeye_vol
quote:
That is about $2,239 per attendee. This seems like a very optimistic number, especially if it’s assuming the impact $175 million more than would otherwise exist.
It includes ALL the days leading up. There is a full week of events so that is a week of people coming and going, staying in hotels, food, tickets to all events, once inside, food, alcohol and merchandise sales.
Posted on 11/12/18 at 4:17 pm to buckeye_vol
... Not everyone who travels down actually attends the main event
Think
Think
Posted on 11/12/18 at 4:27 pm to rowbear1922
quote:
Except the Big Dog is out for the indefinite future, if he ever returns.
4 straight WM main events.
Posted on 11/12/18 at 4:31 pm to rowbear1922
quote:But the local economic impact of some of those (e.g., merchandise and ticket sales) is less than 100% of the sales of those things.
It includes ALL the days leading up. There is a full week of events so that is a week of people coming and going, staying in hotels, food, tickets to all events, once inside, food, alcohol and merchandise sales.
In addition, given that New Orleans is a tourist destination and many other smaller events are commonly scheduled there, the true economic impact would be a value added above the expectation, and have to account for and offset any losses from other common sources.
I’m not arguing that this wouldn’t have a large impact, but I think the true economic impact would be less.
Posted on 11/12/18 at 4:32 pm to VaBamaMan
That’s a lot of virgins coming in town. Baws spending their GameStop pay checks in our town.
Posted on 11/12/18 at 4:35 pm to Korin
quote:
4 straight WM main events.
True, but highly unlikely to make it 5.
Posted on 11/12/18 at 4:36 pm to Mr Perfect
quote:And not every person who attends an event provides much of an economic impact at all if they only attend the event and spend little outside of the event (other than maybe parking).
Not everyone who travels down actually attends the main event
Think
Economists have estimated the Super Bowl has an economic impact of $30 to $130 million, but we should expect Wrestlemania to have a 35% higher impact than the upper end of that?
Posted on 11/12/18 at 4:40 pm to BigPerm30
quote:
That’s a lot of virgins coming in town. Baws spending their GameStop pay checks in our town.
It's no different than grown men and women playing dress up and obsessing over 18-22 year old kids playing a game.
Posted on 11/12/18 at 4:40 pm to buckeye_vol
quote:
Economists have estimated the Super Bowl has an economic impact of $30 to $130 million, but we should expect Wrestlemania to have a 35% higher impact than the upper end of that?
Try ~$400M in economic impact for the Superbowl.
LINK
ETA: A New orleans article states low side as $200M and high at $800M
LINK
This post was edited on 11/12/18 at 4:42 pm
Posted on 11/12/18 at 4:43 pm to rowbear1922
quote:That’s my point. They overstate the true economic impact.
Try ~$400M in economic impact for the Superbowl.
Windfall for Super Bowl Hosts? Economists Say It’s Overstated
Posted on 11/12/18 at 4:43 pm to ZIGG
I agree
Posted on 11/12/18 at 4:53 pm to buckeye_vol
quote:
In addition, given that New Orleans is a tourist destination and many other smaller events are commonly scheduled there, the true economic impact would be a value added above the expectation, and have to account for and offset any losses from other common sources.
True, it's not like there would not be other visitors in NO if there was no wrestling.
Posted on 11/12/18 at 5:11 pm to Brosef Stalin
quote:
WM30 was the biggest money making event in Superdome history. The average Saints game doesn't come close to that. I would think the Sugar Bowl makes good money though.
thats a lot of fat people
Posted on 11/12/18 at 5:20 pm to Lester Earl
about 1/4 of the money was probably spent on those replica championship belts
Posted on 11/12/18 at 5:46 pm to doubleb
quote:And article says that $22 million was spent on hotels and accommodations and $9.9 million was spent at area restaurants, or $31.9 million. That means $143.1 million or about 82%, over $1800 per attendee was generated from sources other than dining and accommodations.
True, it's not like there would not be other visitors in NO if there was no wrestling.
This post was edited on 11/12/18 at 5:49 pm
Posted on 11/12/18 at 6:06 pm to OweO
Posted on 11/12/18 at 6:19 pm to Fight4LSU
We got a suite for both 30 & 34. Everyone dressed in different wrestlers and we were entertained. The people watching was great and the entertainment value of it is second to none.
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