2023 PGA Championship at Oak Hill Country Club to Generate $190 Million Economic Impact in the Greater Rochester, NY, Region
The upcoming 105th PGA Championship at Oak Hill Country Club in Greater Rochester, NewYork is set to give the local economy a boost of $190 million and create over 1,200 jobs, according to an analysis of data by local economic agency Greater Rochester Enterprise. The event will also result in an estimated $19.2 million in state and local fiscal revenue in the form of sales, income, and other taxes. The economic impact estimate includes ticket sales, concessions, merchandise, spectator projections and hotel rooms reserved during the championship week. The tournament is expected to showcase Rochester as a prime destination for both golf champions and businesses.
Ticket sales and other data was provided by the PGA, and the model was based on the following assumptions:
• More than 225,000 spectators will attend throughout the week at varying ticket levels ranging in cost from $55 – $215 for a single ticket to $388,000 for a corporate chalet accommodating 100 guests
• Approximately 39% of all ticket holders will visit Rochester from outside of 100 miles throughout the week and will stay here for an estimated 2.5 days
• These ticket holders are estimated to spend an average of $125 per day for a total of $9 million for the week (including off-site spending on food and beverage and transportation)
• Additionally, more than 10,000 credentialed attendees (i.e., golfers, PGA staff and officials, player staff and family members, media) will visit Rochester from outside of 100 miles and will stay here for an estimated 6 days
• These credentialed attendees are estimated to spend an average of $125 per day for a total of $8 million for the week (including off-site spending on food and beverage and transportation)
• Approximately 6,000 hotel rooms will be booked locally per night, at an average rate of $350 per night, with an average stay being 2.5 nights
• Sales of individual tickets, corporate tents/tables, concessions, and merchandise
• Cost of constructing and maintaining chalets and on-site facilities at the event during the week
• Cost of on-site security during the week
Direct Effect – generated directly because of the event
Indirect Effect – business to business purchases in the supply chain taking place in the region that stem from the initial industry purchases for the event
Induced Effect – generated by the household spending of employees within the business’ supply chain
View the full report here, and stay tuned to Greater Rochester Chamber social media channels for even more facts, photos, and excitement leading up to and during this year's PGA Championship at Oak Hill!