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Old Posted Dec 22, 2012, 6:14 AM
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KevinFromTexas KevinFromTexas is offline
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http://www.statesman.com/news/busine...an-anto/nTcrK/
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Posted: 1:30 p.m. Friday, Dec. 21, 2012
Austin’s F1 race also financial boon for San Antonio

By John Maher
American-Statesman Staff

Some came by private jet, wielding American Express black cards. Many others came for the plentiful rooms, reasonable rates, the cultural amenities and close proximity.

Altogether, thousands of Formula One racing fans crowded into San Antonio last month for the inaugural United States Grand Prix at the Circuit of the Americas in Austin.

From Wednesday, Nov. 14 through the grand prix race on Sunday, Nov. 18, room revenue at San Antonio hotels surged. Compared to the same period a year ago, revenue was up more than 40 percent — $5 million — to about $16.5 million total.
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Old Posted Dec 22, 2012, 6:02 PM
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Originally Posted by KevinFromTexas View Post
Yes, any increase in revenues is good. But does this actually qualify as a boon?

If revenues for the weekend were up 40% and $5 Million to $16.5 Million, that means revenues over a normal weekend would be $11 Million. Over one weekend that looks big, but over an entire year it wouldn't.

Wouldn't an event taking place in San Antonio be a bigger boon?
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