Hosting annual international sporting events and tourism: Formula 1, golf or tennis?

Bala Ramasamy (First Author), Ho-Wei Wu (Participant Author), Matthew Yeung (Participant Author)

Research output: Contribution to journalJournal

1 Citation (Web of Science)

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.
Original languageEnglish
JournalTourism Economics
Issue numberEarly Access
DOIs
Publication statusPublished - 2021

Corresponding author email

myeung@ouhk.edu.hk

Keywords

  • Formula 1
  • golf
  • international tourists
  • sports tourism
  • tennis

Indexed by

  • ABDC-A
  • SSCI

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