Hosting annual international sporting events and tourism: Formula 1, golf or tennis?
Hosting sports events to attract international tourists is a common policy practised by many host governments. Hosting mega-sports events like the Olympics is said to leave a legacy that could impact the attractiveness of a country/city in the long term. However, the opportunity to host these mega-e...
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| Published in: | Tourism economics : the business and finance of tourism and recreation Vol. 28; no. 8; pp. 2082 - 2098 |
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| Main Authors: | , , |
| Format: | Journal Article |
| Language: | English |
| Published: |
London, England
SAGE Publications
01-12-2022
Sage Publications Ltd |
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| Abstract | Hosting sports events to attract international tourists is a common policy practised by many host governments. Hosting mega-sports events like the Olympics is said to leave a legacy that could impact the attractiveness of a country/city in the long term. However, the opportunity to host these mega-events is limited and expensive. This study considers the economic impact of hosting annual international sporting events, specifically the extent to which Formula 1, ATP Tennis and PGA Golf can attract international tourists. Using monthly data from 1998 to 2018, we show that the effect differs from one sport to another within a country and the same sport across countries. Hosting the Formula 1 is most effective for Canada but has no significant impact in Australia and the United Kingdom. ATP Tennis and PGA Golf have a significant impact on at least two countries. Policy-makers must consider carefully the sport that gives the best bang-for-the-buck. |
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| AbstractList | Hosting sports events to attract international tourists is a common policy practised by many host governments. Hosting mega-sports events like the Olympics is said to leave a legacy that could impact the attractiveness of a country/city in the long term. However, the opportunity to host these mega-events is limited and expensive. This study considers the economic impact of hosting annual international sporting events, specifically the extent to which Formula 1, ATP Tennis and PGA Golf can attract international tourists. Using monthly data from 1998 to 2018, we show that the effect differs from one sport to another within a country and the same sport across countries. Hosting the Formula 1 is most effective for Canada but has no significant impact in Australia and the United Kingdom. ATP Tennis and PGA Golf have a significant impact on at least two countries. Policy-makers must consider carefully the sport that gives the best bang-for-the-buck. |
| Author | Wu, Howei Ramasamy, Bala Yeung, Matthew |
| Author_xml | – sequence: 1 givenname: Bala surname: Ramasamy fullname: Ramasamy, Bala organization: , HKSAR China – sequence: 2 givenname: Howei orcidid: 0000-0001-6784-7175 surname: Wu fullname: Wu, Howei organization: , HKSAR China – sequence: 3 givenname: Matthew orcidid: 0000-0003-2179-7170 surname: Yeung fullname: Yeung, Matthew email: myeung@ouhk.edu.hk organization: , HKSAR China |
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| Keywords | golf sports tourism Formula 1 international tourists tennis |
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| Snippet | Hosting sports events to attract international tourists is a common policy practised by many host governments. Hosting mega-sports events like the Olympics is... |
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| SubjectTerms | ATP Economic impact Golf Impact analysis Policy making Sports Tennis Tourism Tourists |
| Title | Hosting annual international sporting events and tourism: Formula 1, golf or tennis? |
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