New data from EventConnect reveals the enormous economic impact on cities from the loss of youth or amateur sports tournaments due to COVID-19.
London, Ontario, November 16, 2020 – Today, EventConnect, the leading provider of event and sports tourism management software, announced findings showing the significant economic impact felt by cities from the loss of youth and amateur sports tournaments as a result of the COVID-19 pandemic. The findings from EventConnect’s internal database of over 4,000 events, 400 associations, 15,000 hotels, and 800 cities revealed that the cancellation of just one tournament costs a city an average of $360,000. However, the cancellation of a big tournament can result in a city losing as much as $5,074,185 in a single weekend. The US cities that have so far been hit the hardest in 2020 due to the pandemic’s cancellations are Mauston, Wisconsin; Wisconsin Dells, Wisconsin; Georgetown, Delaware; Boston, Massachusetts; Fort Wayne, Indiana; and Buffalo, New York.
About the data
The report’s findings were compiled from an internal database of over 4,000 events, 400 associations, 15,000 hotels, and 800 cities. The loss of city revenue was calculated using EventConnect’s data on the average cost of a hotel room for a team at a travel tournament and the assumption that a family spends $115 per day travelling on food, drinks, transportation entertainment.
Download the full report here:
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