J 2024

The Effect of UEFA Club Competitions on the Local Hospitality Performance

CHALUPA, Štěpán, Martin KOCOUREK, Hana BIELIKOVA and Martin PETŘÍČEK

Basic information

Original name

The Effect of UEFA Club Competitions on the Local Hospitality Performance

Name (in English)

The Effect of UEFA Club Competitions on the Local Hospitality Performance

Authors

CHALUPA, Štěpán, Martin KOCOUREK, Hana BIELIKOVA and Martin PETŘÍČEK

Edition

TEM JOURNAL-TECHNOLOGY EDUCATION MANAGEMENT INFORMATICS, 2024, 2217-8309

Other information

Type of outcome

Článek v odborném periodiku

Confidentiality degree

není předmětem státního či obchodního tajemství

Organization unit

University College Prague – University of International Relations and Institute of Hospitality Management and Economics, Ltd.

DOI

http://dx.doi.org/10.18421/TEM132-51

UT WoS

001238333000051

Keywords in English

Revenue managementhotel performance event management sports events effect

Tags

International impact, Reviewed
Změněno: 25/9/2024 11:23, doc. Ing. Martin Petříček, Ph.D.

Abstract

ORIG EN

V originále

Sports events significantly affect the hosting destination and the interest in its visiting. Previous studies focused mainly on longitudinal events like the Olympic Games and FIFA World Cups, where the single-day events were not investigated. The paper investigates how hosting UEFA competition finals affects the local hospitality industry's performance. The study adopted the benchmarking data from Smith Travel Research (STR) and evaluated the impact on the occupancy and prices of accommodation facilities. The results show a significant pricing effect for the day of the event and the day before the finals. There was increased demand when focusing on the occupancy rate, but not as significant as for the prices. No long-term effect on the hospitality industry was identified, and, in some cases, the negative effect might be perceived after the event's termination. To benefit from the event with significant interest from football fans, hoteliers should increase the sales rates, provide the guests with a broader range of services, and cooperate with the event organisers to increase the total performance.

In English

Sports events significantly affect the hosting destination and the interest in its visiting. Previous studies focused mainly on longitudinal events like the Olympic Games and FIFA World Cups, where the single-day events were not investigated. The paper investigates how hosting UEFA competition finals affects the local hospitality industry's performance. The study adopted the benchmarking data from Smith Travel Research (STR) and evaluated the impact on the occupancy and prices of accommodation facilities. The results show a significant pricing effect for the day of the event and the day before the finals. There was increased demand when focusing on the occupancy rate, but not as significant as for the prices. No long-term effect on the hospitality industry was identified, and, in some cases, the negative effect might be perceived after the event's termination. To benefit from the event with significant interest from football fans, hoteliers should increase the sales rates, provide the guests with a broader range of services, and cooperate with the event organisers to increase the total performance.
Displayed: 22/11/2024 07:44