San Jose could be Super Bowl loser thanks to vacant hotel rooms

[KamaAina]

http://www.mercurynews.com/san-francisco/ci_29608096/san-jose-could-be-super-bowl-loser-thanks

Empty 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.

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"!

[msongs]

1. good, they can use those rooms to house street people. a win - win nt

[chapdrum]

2. But at least they left a nice note.

It read, "The One Percent Was Here. So Long, Suckers."

[chapdrum]

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]

4. I guess no one knows the way... nt

[KamaAina]

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]

6. I'd love to hear that one.nt

[dana_b]

7. oh wow! that would be fun to hear

although I still love Dionne's original version

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