This Week’s PGA Championship Will Bring In An Estimated $100 Million To The Charlotte Region

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pga-championship-in-charlotteToday is the first day of The 99th PGA Championship, hosted at Charlotte’s prestigious Quail Hollow country club in South Charlotte.

Practice rounds will be played Monday-Wednesday, and Championship Rounds will start on Thursday and conclude on Sunday afternoon.

Charlotte Chamber president and CEO Bob Morgan stated that the PGA Championship would promote Charlotte “to a worldwide audience accounting for an estimated $100 million economic impact. The level of exposure to golf fans internationally, disproportionately made up of business people and decision makers, is going to be ridiculously beneficial for Charlotte”

The economic impact for the Charlotte region would be generated primarily through tourism transportation, lodging, restaurants, and general spending.

The home rental site Airbnb.com alone has reported that they estimate total earnings of at $550,000 this week, stating that over 1,400 guests have already checked in to Queen City homes for the week.

Another booking site, HomeAway.com, said their bookings are up 94% from the same period a year ago, and are almost completely depleted of inventory (they’re now offering free listings to Charlotte residents for this week – homes are renting for $800/night and up in South Charlotte).

In addition to the fans who are traveling to Charlotte to watch the tournament, it will also be televised and streamed online to over 200 countries and over 570 million households, according to PGA of America.

This week’s tournament will be the most significant sporting event ever hosted in the Queen City, opening up the possibility of even bigger events in the future (if we do a good job).

If you’re interested in going, you can still pick up practice round tickets for MondayTuesday, and Wednesday starting at $5, championship round tickets for ThursdayFridaySaturday, and Sunday starting at $53, and weekly passes are starting at $419.

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