The Economic Impact of Major Road Cycling Events

Hover, Paul

doi:10.1007/978-3-031-11258-4_5

Cited by 1 publication

(2 citation statements)

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“…">In 2015, for Utrecht the hosting fee of the Grand Départ were 4 million euros and organizational costs and technical services totaled 14 million euros. Nevertheless, the estimated economic gains for the municipality of Utrecht exceeded the overall costs by about 3 million euros (Hover, 2022; van Bottenburg et al, 2015). Hover (2022) also found an additional increase of around 25% in the number of overnight tourists in Utrecht in the years after the Grand Départ.…”

Section: Backgroundsmentioning

confidence: 99%

“…Nevertheless, the estimated economic gains for the municipality of Utrecht exceeded the overall costs by about 3 million euros (Hover, 2022; van Bottenburg et al, 2015). Hover (2022) also found an additional increase of around 25% in the number of overnight tourists in Utrecht in the years after the Grand Départ. However, as he also observed similar developments in other large Dutch municipalities, the specific effects of the Grand Départ on tourism remain unclear. …”

Section: Backgroundsmentioning

confidence: 99%

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Vive le Tour!? Estimating the place‐based benefits of hosting the Tour de France

Makkonen

Mitze

2023

Journal of Regional Science

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The Tour de France (TdF) is one of the biggest and most recognized annual sporting events in the world. Cities and regions participate actively by hosting a stage start and/or finish, but it is unclear if there are place‐based benefits from such local engagements. We estimate the direct and spatially indirect immediate regional benefits of hosting a TdF stage using monthly tourism data for French départements during 2011–2020. Our static and dynamic panel regressions indicate that hosting a TdF stage leads to significant increases in tourist arrivals and nights spent vis‐à‐vis similar départements not hosting a stage at the same time. Results are found to be robust when we run placebo tests, matching‐based estimation to deal with regional heterogeneity and associated treatment endogeneity as well as spatially augmented estimations to account for interregional spillovers to départements not directly hosting a stage start/finish, for example, to those located along the route of a TdF stage. We use the obtained treatment estimates to discuss the regional economic impact of the TdF and their ramifications for tourism‐based regional development and event management.

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Section: Backgroundsmentioning

confidence: 99%