360° Coverage : New Orleans Continues To Be A Major Sporting Event Destination...

2 Updates

New Orleans Continues To Be A Major Sporting Event Destination Of Choice With WrestleMania 30 Setting Up Its Ring In The Big Easy

Apr 4 2014, 8:49pm CDT | by

This weekend, tens of thousands of WWE fans from across the globe will converge upon New Orleans for WrestleMania 30.  An event 364-days in the making, WWE fans largely converge upon the event not...

Filed under: news

 
 
 

24 weeks ago

New Orleans Continues To Be A Major Sporting Event Destination Of Choice With WrestleMania 30 Setting Up Its Ring In The Big Easy

Apr 4 2014, 8:49pm CDT | by

This weekend, tens of thousands of WWE fans from across the globe will converge upon New Orleans for WrestleMania 30.  An event 364-days in the making, WWE fans largely converge upon the event not only because of their excitement over seeing the outcome of WWE’s pinnacle event, but in enjoying what WrestleMania’s host city has to offer.  ”WrestleMania is that day once a year where everything taking place in the WWE universe converges in amazing fashion.  Our fans have experienced everything their favorite Superstars and Divas have experienced over the year and at WrestleMania, the stories play out in the ring.  Not only that, but many of our fans make WrestleMania the center of their family’s annual vacation.  In that sense, it’s important that we host WrestleMania in a place that our fans would enjoy bringing their families to,” said WWE’s executive vice president of special events, John Saboor.

While much has been written since Hurricane Katrina about New Orleans utilizing sporting events to revitalize its economy, what in particular attracted WWE to host WrestleMania 30 there?  Saboor notes a handful of elements factored into WWE’s decision, ranging from facilities to the convergence of the public and private sectors.  ”New Orleans is such an attractive destination on so many different levels.  First, is the bedrock of facilities that New Orleans has to host WrestleMania, WrestleMania Access, WrestleMania’s Hall of Fame Induction Ceremony and Monday Night Raw.  The furthest two points between where all of those events will be held is 15-minutes by foot.  Not only that, but these facilities exist within the central business district and French Quarter, which are points of appeal for people traveling to WrestleMania,” Saboor explained.  In addition to the convenience New Orleans’ facilities presents for WrestleMania attendees, Saboor notes that WWE’s interactions with the public and private sectors in the city drove its decision to host WrestleMania 30 there.  ”New Orleans has exceptional leadership that worked in the public and private sectors to attract and convene WrestleMania week.  The leadership of the public and private sectors, which was led by [New Orleans mayor] Mitch Landrieu, have done an extraordinary job building a plan to welcome the world to New Orleans for this celebration,” Saboor said.

What might be motivating Landrieu and other New Orleans leaders to build plans to attract major sporting events to their city?  Along with the positive public relations hosting such events creates for the city, the other likely factor is the economic impact generated.  Studies show that most WrestleMania attendees reside in cities outside of the locations where WrestleMania is hosted.  This factor helps drive significant revenues for WrestleMania’s host cities, as a large number of hotel nights are purchased and other incidental costs are incurred by attendees, such as rental car fees and dinners at restaurants.  Given that WWE has found that a significant number of WrestleMania attendees turn attending the event into a week-long family vacation, the number of hotel nights and incidental expenses associated with WrestleMania tends to be higher than that seen surrounding other sporting events.

In recent years, the economic impact of WrestleMania has surged to new heights, and WWE expects that WrestleMania 30 will see a similar trend.  According to the WWE, WrestleMania 28 and WrestleMania 29 generated over $100 million in economic impact for their respective host cities.  A study conducted by Enigma Research Corporation found that WrestleMania 29 hosted at MetLife Stadium generated an economic impact of $101.2 million for the New York/New Jersey region.  Furthermore, over the last six years, cities hosting WrestleMania have felt a $400 million cumulative economic impact, according to WWE.  Based upon ticket sales for WrestleMania 30 as of last week, Saboor expects this year’s economic impact to be higher than that seen in recent years.

While some economists question the economic impact values derived by such studies, WWE is quick to expand upon the positive impact that hosting WrestleMania can bring to a city.  ”In addition to our overarching goal of creating new and incremental economic windfalls for our host cities, there is a strong commitment by WWE to also generate a substantial level of pro-social windfalls through our community-based events planned during WrestleMania week.  In WrestleMania’s schedule of events, there are 25 community events planned through the week.  At least 14 of those events are community-based events that are planned to benefit New Orleans and the people who live there,” said Saboor.

As for which city will benefit in 2015 from the economic and community impacts that hosting WrestleMania brings, WWE has already made that decision.  Next year, Santa Clara and Levi’s Stadium will host WrestleMania 31.  Saboor notes that the decision to host WrestleMania in a stadium that does not yet exist was largely driven by the technological offerings the stadium will provide.  ”WWE has always taken great pride in offering a cutting-edge fan experience.  The opportunity to host WrestleMania in Levi’s Stadium will offer an unprecedented experience not only for fans in attendance, but for those watching around the world.  Technology is the cornerstone of Levi’s Stadium.  With WWE’s continued commitment to fan experience and digital media experience, it was a perfect marriage.  They delivered a vision that we were so favorably impressed by that had as its foundation technology and the fan experience,” Saboor explained.

 
Update
2

3 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing the workforce of 20,000 by ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

3 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Israel approves rebuilding plan for communities near Gaza
Jerusalem, Sep 21 (IANS) The Israeli cabinet Sunday approved a $360 million development initiative for the communities in the country's south, near the Gaza border, who were hit hard in the recent bloody conflict between Israel and the Hamas.
 
 
High-level Indian ministerial visits to London next month
London, Sep 21 (IANS/RAY) India's Finance and Defence Minister Arun Jaitley is scheduled to visit London Oct 13-14 for an interface with financial institutions to persuade them to invest in India.
 
 
Expressway to link Vietnam and China opens
Hanoi, Sep 21 (IANS) Vietnam's longest expressway connecting Noi Bai in capital Hanoi and the north-western Lao Cai province, bordering China, with a total length of 245 km, officially opened to traffic Sunday.
 
 
G20 deal on sharing bank data to help India battle black money
Cairns (Australia) Sep 21 (IANS) In a major step that will aid India track and recover black money stashed abroad, G20 finance ministers Sunday agreed on allowing automatic sharing of all bank information with tax authorities at the end of each year, starting 2017.
 
 
 

Latest from the Network

Nicolas Cage buys haunted house for horror novel
Nicolas Cage once bought a haunted house. The 50-year-old actor snapped up a mansion in New Orleans previously owned by Madame LaLaurie, who's known for the torture and murder of slaves, in the hope of gaining...
Read more on Celebrity Balla
 
Kerry Washington: Motherhood is 'wonderful'
Kerry Washington thinks motherhood is ''wonderful.'' The 37-year-old actress welcomed her first child Isabelle Amarachi into the world with her husband Nnamdi Asomugha in April and is enjoying watching the little one...
Read more on Celebrity Balla
 
Thousands protest in Moscow against Russian intervention in Ukraine
Moscow, Sep 22 (IANS/EFE) Tens of thousands of people demonstrated Sunday in downtown Moscow against the war in neighbouring Ukraine and, in particular, against the Kremlin's support for the pro-Russian rebels there...
Read more on Politics Balla
 
Pregnant Alicia Keys posts nude photo for a cause
Los Angeles, Sep 22 (IANS) Singer Alicia Keys posted a nude photo of her naked and pregnant belly with peace sign painted on the baby bump to draw eyes to a charity movement. The peace sign painted on the 33-year-old'...
Read more on Celebrity Balla
 
51 militants killed in clashes across Afghanistan
Kabul, Sep 22 (IANS) At least 51 Taliban militants have been killed in fresh military operations across Afghanistan since Saturday, the country's interior ministry said Sunday. "Afghan National Security Forces (ANSF)...
Read more on Politics Balla
 
Syria warns of chemical attack by rebels
Damascus, Sep 22 (IANS) Syria's foreign ministry Sunday warned that the opposition rebel groups may prepare to launch a chemical attack in Syria to frame its army. The ministry warned that the rebels may stage an...
Read more on Politics Balla
 
Nicolas Cage vomited on prom date
Nicolas Cage vomited on his prom date. The 50-year-old actor admits he was riddled with embarrassment when he took a stunning young lady to his school dance as a youngster and his excitement became too much when they...
Read more on Celebrity Balla
 
Jessica Simpson is 'sexier' as a wife
Jessica Simpson feels ''sexier'' as a wife. The 34-year-old singer admits she views herself in a different light since tying the knot with her beau Eric Johnson, with whom she has two-year-old daughter Maxwell and 14-...
Read more on Celebrity Balla
 
Vanessa Hudgens concerned for career after hacking scandal
Vanessa Hudgens is reportedly concerned her career will suffer as a result of the recent hacking scandal. The 25-year-old actress - who had naked photos of herself leaked online in 2007 - may have been targeted for a...
Read more on Celebrity Balla
 
Yemeni PM resigns amid deadly clashes in capital
Sana'a, Sep 21 (IANS) Yemeni Prime Minister Mohammed Basindawa resigned Sunday amid week-long deadly clashes between the army and Shia rebels here in the capital, a media report said. Basindawa informed the president...
Read more on Politics Balla