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California
Related: About this forumSan Jose could be Super Bowl loser thanks to vacant hotel rooms
http://www.mercurynews.com/san-francisco/ci_29608096/san-jose-could-be-super-bowl-loser-thanksEmpty hotel rooms and overhyped projections could leave San Jose on the hook for several hundred thousand dollars and the bad fortune of being the only Bay Area city to lose money on the Super Bowl.
Instead of selling out every single room during Super Bowl week, as the city projected, San Jose hotels actually welcomed fewer guests than the same week last year, preliminary figures released Monday show.
With three out of every 10 rooms vacant, the city won't reap the nearly $1.9 million in additional hotel taxes it forecast Super Bowl week would deliver. Instead, a report submitted by Smith Travel Research shows the city will likely receive about $600,000 in extra hotel taxes, said Victor Matheson, an economist at College of the Holy Cross, who studies the economics of Super Bowls.
That's not enough to offset the $1.25 million in costs mostly for police services during Super Bowl week.
Instead of selling out every single room during Super Bowl week, as the city projected, San Jose hotels actually welcomed fewer guests than the same week last year, preliminary figures released Monday show.
With three out of every 10 rooms vacant, the city won't reap the nearly $1.9 million in additional hotel taxes it forecast Super Bowl week would deliver. Instead, a report submitted by Smith Travel Research shows the city will likely receive about $600,000 in extra hotel taxes, said Victor Matheson, an economist at College of the Holy Cross, who studies the economics of Super Bowls.
That's not enough to offset the $1.25 million in costs mostly for police services during Super Bowl week.
San Jose is so lackluster that nearly everyone chose to stay in SF an hour away from the game?! No wonder a wag in the SF Chronicle's comments section calls it "Sad Jose"!
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San Jose could be Super Bowl loser thanks to vacant hotel rooms (Original Post)
KamaAina
Mar 2016
OP
msongs
(67,395 posts)1. good, they can use those rooms to house street people. a win - win nt
chapdrum
(930 posts)2. But at least they left a nice note.
It read, "The One Percent Was Here. So Long, Suckers."
chapdrum
(930 posts)3. Here is a fitting illustration of their mantra.
"Privatize the profits, socialize the losses."
"That's not enough to offset the $1.25 million in costs mostly for police services during Super Bowl week."
TeamPooka
(24,221 posts)4. I guess no one knows the way... nt
KamaAina
(78,249 posts)5. Wo, wo, wo wo, wo, wo, wo wo wo
I have heard that there exists a hardcore thrash version of our unofficial civic anthem!
TeamPooka
(24,221 posts)6. I'd love to hear that one.nt
dana_b
(11,546 posts)7. oh wow! that would be fun to hear
although I still love Dionne's original version