"With previous high-level sporting events bringing in revenue totals in the millions for host cities, Toronto businesses look to have an economic home run coming down the pipe. Kelly Jackson, the vice-president of Destination Development with Destination Toronto, says that success is a combination of factors. Energized city residents and fans, alongside passionate fans vising from out of town, mean lots of business for the city."
"Data sent to CBC News by the New York City Economic Development Corporation, shows that city's three home games in the 2024 Yankees vs. Dodgers championship series each brought in an average of approximately $43 million in revenue. Early signs point to noticeable bumps in profit Whether Toronto will hit that level remains to be seen, but according to Jackson, early indicators point towards very noticeable bumps for local businesses."
"One example is an increase in hotel room demand by 22 per cent compared to the same time period last year. And they're not the only ones seeing an upsurge in turnout. Moneris, a point-of-sale management company has been tracking an ever increasing surge of cash towards businesses around Rogers Centre. According to Moneris, Game 1 of the Jays series vs. Yankees restaurants near the Rogers Centre, saw a six per cent increase in transaction volume,"
Toronto will host the first two games of the 2025 World Series, bringing large numbers of fans, Major League Baseball staff, and visiting supporters to the city. Anticipated spending from attendees is expected to boost hospitality, dining, and tourism sectors. Comparable events have generated tens of millions in local revenue, with a recent U.S. championship series averaging about $43 million per home game. Early indicators in Toronto include a 22% increase in hotel room demand and higher transaction volumes around Rogers Centre, signaling noticeable short-term revenue bumps for local businesses.
Read at www.cbc.ca
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