INDIANAPOLIS, Ind. - The NCAA Women’s Final Four and its ancillary activities produced more than $19 million in direct economic impact in the Tampa Bay area, according to a new study.
The financial study, conducted for the NCAA by Performance Research, surveyed fans attending the Women’s Final Four; Time Out in Tampa (an outdoor fan festival that featured music, food and other activities); and Hoop City (an indoor fan interactive experience involving many basketball activities). The study includes spending figures from 17 organizations involved with the events that were surveyed as well, such as broadcast entities, corporate partners and event production companies.
The study calculated $19,114,228 of direct, new spending in the Tampa Bay metropolitan statistical area. The economic impact does not include any multiplier effects, ticket sales or spending by local residents.
“The Women’s Final Four has once again shown it is a proven winner on and off the court,” said Sue Donohoe, NCAA vice president of Division I women’s basketball. “Our corporate champions and corporate partners enjoy the strong outreach provided by our championship, and our loyal fans continue to support our game.”
The $19.1 million economic impact includes $16,655,769 in visitor spending; $2,399,936 in organizational spending; and $1,835,927 in taxes and charges (including hotel taxes, car rental taxes, sales tax, and airport passenger facility charges).
Overall, there were 22,595 visitors to the Tampa Bay area at the Women’s Final Four, the Time Out in Tampa event and Hoop City. Of this total, 21,067 were considered “valid visitors,” when excluding those who switched a planned trip to the host city to coincide with the Women’s Final Four; and those visiting for other reasons.
Valid visitors stayed an average of 4.2 days and spent an average of $208 per day in Tampa, according to the study. When spending on merchandise is adjusted to account for only 20 percent of those funds staying in the host city, the average daily total spending by valid visitors was $190.
The $190 spending figure includes $63 on food and beverage; $53 on lodging; $42 on transportation; $15 on retail shopping; $12 on non-NCAA entertainment; and $4 on merchandise.
Among fans attending the semifinal and championship games, 91 percent were from out of town. For Hoop City attendees, 87 percent were visitors and 13 percent were local residents. Of those attending the Time Out in Tampa, 88 percent were visitors and 12 percent were local.
To avoid double-counting, the study included only Time Out in Tampa attendees who did not attend games and Hoop City attendees who did not attend the games or the Time Out in Tampa events.
Spending reported by the Tampa Local Organizing Committee is not included in the study, as it is not money coming from outside the Tampa Bay region.
Other study results noted that 75 percent of attendees came from outside the state of Florida and 75 percent were female. The average age of attendees was 46.1 years, and 74 percent of attendees had earned college or postgraduate degrees. The average household income of all attendees was $108,500.
About the NCAA
The NCAA is a membership-led nonprofit association of colleges and universities committed to supporting academic and athletic opportunities for more than 400,000 student-athletes at more than 1,000 member colleges and universities. Each year, more than 54,000 student-athletes compete in NCAA championships in Divisions I, II and III sports. Visit www.ncaa.org and www.ncaa.com for more details about the Association, its goals and members and corporate partnerships that help support programs for student-athletes.
The NCAA is proud to have the following elite companies as official Corporate Champions-AT&T, Coca-Cola and Pontiac-and the following elite companies as official Corporate Partners-DiGiorno, Enterprise, The Hartford, Hershey’s, Lowe’s, Sheraton and State Farm.
In Other Women’s Final Four News
NCAA DIVISION I WOMEN’S BASKETBALL COMMITTEE ANNOUNCES FINALIST HOST CITIES FOR 2012-16 WOMEN’S FINAL FOUR
The NCAA Division I Women’s Basketball Committee has announced that eight cities have been selected as finalists to host the 2012, 2013, 2014, 2015 and 2016 Women’s Final Four®.
Finalist cities with venue(s) and host(s) are:
- Columbus, Ohio, Nationwide Arena, The Ohio State University.
- Dallas, American Airlines Center, Big 12 Conference.
- Denver, Pepsi Center, Mountain West Conference.
- Indianapolis, Lucas Oil Stadium, Butler University and Horizon League.
- Nashville, Sommet Center, Ohio Valley Conference.
- New Orleans, New Orleans Arena, University of New Orleans.
- San Antonio, Alamodome, University of Texas at San Antonio.
- Tampa Bay, St. Pete Times Forum, University of South Florida.
Site visits to each city will be conducted in September and October, 2008. Following the site visits to each prospective city, the finalists will participate in a presentation session with the committee in mid-November. The 2012-16 Women’s Final Four sites will be announced in mid-November. “It was an extremely hard decision for the committee to narrow the list of finalists to these eight cities and it will be an even more difficult decision to determine the five cities that will serve as future hosts for the Women’s Final Four,” said Judy Southard, chair of the Division I Women’s Basketball Committee and senior associate director of athletics at Louisiana State University. “The eight finalists are a blend of cities that have hosted the Women’s Final Four in the past and those that are possible hosts for the first time. It will be the committee’s charge over the next three months to make the final determination in regard to which will be the best future host sites for the marquee event for women’s basketball.” Those cities with past Women’s Final Four hosting histories include Indianapolis (2005), New Orleans (1991, 2004), San Antonio (2002) and Tampa Bay (2008). Columbus, Dallas, Denver and Nashville have not hosted the event in the past. After submitting a declaration of intent to bid last November, representatives of each city attended a pre-bid seminar in January, before meeting with the NCAA staff for individual planning and progress updates in April and again in June.