The impact of colleges and universities on local business 2020:
Arizona State University
Colleges and universities are everywhere. Big cities, small towns, in every corner of the United States, there’s bound to be a degree-offering institution nearby. And, subsequently, a whole lot of students nearby as well.
There are an estimated 18 to 20 million students enrolled in public and private colleges in America today. And in many communities, those students make up a huge portion of the local economy.
In this groundbreaking study, we analyzed data at local businesses in Phoenix to see what kind of impact major events during the school year at Arizona State University has on local businesses.
NOTE: You can view other industries by selecting them from the dropdown at the top of each section in this report
The average year at local businesses in Phoenix
Select an industry:
Before we examine major school year events like spring break and the college football season, let’s take a look at the year as a whole.
Annual sales at restaurants in Phoenix from week-to-week.
| #1 | #2 | #3 | #4 | #5 |
|
4/13/19 |
4/19/19 Easter Weekend |
3/30/19 March Madness |
3/29/19 March Madness |
4/5/19 |
| Saturday | Friday | Saturday | Friday | Friday |
Above are the top five days of the year for Phoenix restaurants. This means that on these days, more total dollars were spent at restaurants in Phoenix than on any other day of the year.
Before we examine major school year events like spring break and the college football season, let’s take a look at the year as a whole.
Annual sales at bars in Phoenix from week-to-week.
| #1 | #2 | #3 | #4 | #5 |
|
7/8/19 |
12/7/19 Football |
8/31/19 Football Labor Day Weekend |
11/16/19 Football |
10/5/19 Football |
| Monday | Saturday | Saturday | Saturday | Saturday |
Above are the top five days of the year for Phoenix bars. This means that on these days, more total dollars were spent at bars in Phoenix than on any other day of the year.
Before we examine major school year events like spring break and the college football season, let’s take a look at the year as a whole.
Annual sales at lodging places in Phoenix from week-to-week.
| #1 | #2 | #3 | #4 | #5 |
|
4/5/19 |
3/1/19 |
7/5/19 |
11/1/19 Football |
2/1/19 |
| Friday | Friday | Friday | Friday | Friday |
Above are the top five days of the year for Phoenix lodging places. This means that on these days, more total dollars were spent at lodging places in Phoenix than on any other day of the year.
Before we examine major school year events like spring break and the college football season, let’s take a look at the year as a whole.
Annual sales at retail shops in Phoenix from week-to-week.
| #1 | #2 | #3 | #4 | #5 |
|
11/29/19 Football Black Friday |
12/20/19 Football - Bowl Weekend before Christmas |
12/23/19 |
12/21/19 Weekend before Christmas |
3/1/19 |
| Friday | Friday | Monday | Saturday | Friday |
Above are the top five days of the year for Phoenix retail shops. This means that on these days, more total dollars were spent at retail shops in Phoenix than on any other day of the year.
Spring Break
Select an industry:
As the weather warms up and students get to take the week off, how are local restaurants around Arizona State University impacted by spring break?
Do enough students leave town to see sales dip? Or do sales go up with an influx of vacationing students? We crunched the numbers to find out:
| Avg. revenue: spring break | Avg. transactions: spring break | Avg. ticket price: spring break |
| +3% vs avg day |
+7% vs avg day |
-3% vs avg day |
| +9% vs avg day during March |
+6% vs avg day during March |
+2% vs avg day during March |
During the week of spring break, restaurants in and around Phoenix earned 4% more than an average day throughout the year, and 9% more than on an average day during the month of march.
Spring break was the number 13 week of the year for Phoenix restaurants. Examine the chart above for a closer look at how much revenue went up or down throughout the week of spring break.
As the weather warms up and students get to take the week off, how are local bars around Arizona State University impacted by spring break?
Do enough students leave town to see sales dip? Or do sales go up with an influx of vacationing students? We crunched the numbers to find out:
| Avg. revenue: spring break | Avg. transactions: spring break | Avg. ticket price: spring break |
| -1% vs avg day |
+9% vs avg day |
-9% vs avg day |
| -2% vs avg day during March |
+0% vs avg day during March |
-3% vs avg day during March |
During the week of spring break, bars in and around Phoenix earned 1% less than an average day throughout the year, and 3% less than on an average day during the month of march.
As the weather warms up and students get to take the week off, how are local lodging places around Arizona State University impacted by spring break?
Do enough students leave town to see sales dip? Or do sales go up with an influx of vacationing students? We crunched the numbers to find out:
| Avg. revenue: spring break | Avg. transactions: spring break | Avg. ticket price: spring break |
| +21% vs avg day |
-1% vs avg day |
+23% vs avg day |
| +13% vs avg day during March |
+12% vs avg day during March |
+0% vs avg day during March |
During the week of spring break, lodging places in and around Phoenix earned 22% more than an average day throughout the year, and 13% more than on an average day during the month of march.
As the weather warms up and students get to take the week off, how are local retail shops around Arizona State University impacted by spring break?
Do enough students leave town to see sales dip? Or do sales go up with an influx of vacationing students? We crunched the numbers to find out:
| Avg. revenue: spring break | Avg. transactions: spring break | Avg. ticket price: spring break |
| +6% vs avg day |
+8% vs avg day |
-1% vs avg day |
| +18% vs avg day during March |
+14% vs avg day during March |
+3% vs avg day during March |
During the week of spring break, retail shops in and around Phoenix earned 7% more than an average day throughout the year, and 18% more than on an average day during the month of march.
March Madness
Select an industry:
March Madness is easily one of the biggest sporting events of the year across the United States. And you’d assume that would go double for college towns.
But does the fervor surrounding the Big Dance translate to big sales numbers for restaurants around Arizona State University?
To find out, we analyzed revenue at restaurants in Phoenix on game days for each round of the tournament and compared it to the average revenue those Phoenix experienced on similar days of the week during the rest of the year.
Throughout the entire tournamment, on days when games were being played, restaurants earned 13% more than on similar days. Examine the chart above to see how revenue was impacted during each round of the tournament
March Madness was actually so big for Phoenix restaurants, that two of their top five days of the year were during the tournament.
March Madness is easily one of the biggest sporting events of the year across the United States. And you’d assume that would go double for college towns.
But does the fervor surrounding the Big Dance translate to big sales numbers for bars around Arizona State University?
To find out, we analyzed revenue at bars in Phoenix on game days for each round of the tournament and compared it to the average revenue those Phoenix experienced on similar days of the week during the rest of the year.
Throughout the entire tournamment, on days when games were being played, bars earned 12% less than on similar days. Examine the chart above to see how revenue was impacted during each round of the tournament
March Madness is easily one of the biggest sporting events of the year across the United States. And you’d assume that would go double for college towns.
But does the fervor surrounding the Big Dance translate to big sales numbers for lodging places around Arizona State University?
To find out, we analyzed revenue at lodging places in Phoenix on game days for each round of the tournament and compared it to the average revenue those Phoenix experienced on similar days of the week during the rest of the year.
Throughout the entire tournamment, on days when games were being played, lodging places earned 20% more than on similar days. Examine the chart above to see how revenue was impacted during each round of the tournament
March Madness is easily one of the biggest sporting events of the year across the United States. And you’d assume that would go double for college towns.
But does the fervor surrounding the Big Dance translate to big sales numbers for retail shops around Arizona State University?
To find out, we analyzed revenue at retail shops in Phoenix on game days for each round of the tournament and compared it to the average revenue those Phoenix experienced on similar days of the week during the rest of the year.
Throughout the entire tournamment, on days when games were being played, retail shops earned 10% more than on similar days. Examine the chart above to see how revenue was impacted during each round of the tournament
Finals Week
Select an industry:
The end of spring semester is perhaps the most-anticipated time of the year for college students around the country.
When final exams are in the rear window, do students celebrate by spending at local businesses? Does the extra revenue of family members visiting to attend commencement make a difference?
Let's find out.
| Avg. revenue: finals | Avg. transactions: finals | Avg. ticket price: finals |
| +1% vs avg day |
-1% vs avg day |
+2% vs avg day |
| +0% vs avg day during May |
-2% vs avg day during May |
+2% vs avg day during May |
During the week of final exams, restaurants in and around Phoenix earned 2% more than an average day throughout the year, and 0% less than on an average day during the months of April and May.
Finals week was the number 6 week of the year for Phoenix restaurants. Examine the chart above for a closer look at how much revenue was impacted throughout the week of finals.
The end of spring semester is perhaps the most-anticipated time of the year for college students around the country.
When final exams are in the rear window, do students celebrate by spending at local businesses? Does the extra revenue of family members visiting to attend commencement make a difference?
Let's find out.
| Avg. revenue: finals | Avg. transactions: finals | Avg. ticket price: finals |
| -13% vs avg day |
-14% vs avg day |
+1% vs avg day |
| -2% vs avg day during May |
-3% vs avg day during May |
+1% vs avg day during May |
During the week of final exams, bars in and around Phoenix earned 13% less than an average day throughout the year, and 2% less than on an average day during the months of April and May.
Finals week was the number 28 week of the year for Phoenix bars. Examine the chart above for a closer look at how much revenue was impacted throughout the week of finals.
The end of spring semester is perhaps the most-anticipated time of the year for college students around the country.
When final exams are in the rear window, do students celebrate by spending at local businesses? Does the extra revenue of family members visiting to attend commencement make a difference?
Let's find out.
| Avg. revenue: finals | Avg. transactions: finals | Avg. ticket price: finals |
| -17% vs avg day |
-3% vs avg day |
-14% vs avg day |
| -10% vs avg day during May |
+11% vs avg day during May |
-19% vs avg day during May |
During the week of final exams, lodging places in and around Phoenix earned 18% less than an average day throughout the year, and 11% less than on an average day during the months of April and May.
Finals week was the number 44 week of the year for Phoenix lodging places. Examine the chart above for a closer look at how much revenue was impacted throughout the week of finals.
The end of spring semester is perhaps the most-anticipated time of the year for college students around the country.
When final exams are in the rear window, do students celebrate by spending at local businesses? Does the extra revenue of family members visiting to attend commencement make a difference?
Let's find out.
| Avg. revenue: finals | Avg. transactions: finals | Avg. ticket price: finals |
| -6% vs avg day |
-2% vs avg day |
-3% vs avg day |
| -9% vs avg day during May |
-3% vs avg day during May |
-5% vs avg day during May |
During the week of final exams, retail shops in and around Phoenix earned 7% less than an average day throughout the year, and 9% less than on an average day during the months of April and May.
Finals week was the number 26 week of the year for Phoenix retail shops. Examine the chart above for a closer look at how much revenue was impacted throughout the week of finals.
Back to School
Select an industry:
As summer ends and students come flocking back to Arizona State University, do local restaurants see a major boost in sales?
Here's what we learned
| Avg. revenue: back to school | Avg. transactions: back to school | Avg. ticket price: back to school |
| +0% vs avg day |
-2% vs avg day |
+1% vs avg day |
| -1% vs avg day during August |
-5% vs avg day during August |
+3% vs avg day during August |
The week that classes began at Arizona State University saw Phoenix restaurants earn 1% less than an average day throughout the year, and 2% less than on an average day during the month of August.
Examine the chart above for a closer look at how much revenue at restaurants were impacted during the first week of classes at Arizona State University. (Classes resumed on Wednesday, August 21)
As summer ends and students come flocking back to Arizona State University, do local bars see a major boost in sales?
Here's what we learned
| Avg. revenue: back to school | Avg. transactions: back to school | Avg. ticket price: back to school |
| +17% vs avg day |
+13% vs avg day |
+3% vs avg day |
| +0% vs avg day during August |
-4% vs avg day during August |
+4% vs avg day during August |
The week that classes began at Arizona State University saw Phoenix bars earn 17% more than an average day throughout the year, and 0% more than on an average day during the month of August.
Examine the chart above for a closer look at how much revenue at bars were impacted during the first week of classes at Arizona State University. (Classes resumed on Wednesday, August 21)
As summer ends and students come flocking back to Arizona State University, do local lodging places see a major boost in sales?
Here's what we learned
| Avg. revenue: back to school | Avg. transactions: back to school | Avg. ticket price: back to school |
| -26% vs avg day |
-4% vs avg day |
-23% vs avg day |
| -35% vs avg day during August |
+1% vs avg day during August |
-36% vs avg day during August |
The week that classes began at Arizona State University saw Phoenix lodging places earn 26% less than an average day throughout the year, and 35% less than on an average day during the month of August.
Examine the chart above for a closer look at how much revenue at lodging places were impacted during the first week of classes at Arizona State University. (Classes resumed on Wednesday, August 21)
As summer ends and students come flocking back to Arizona State University, do local retail shops see a major boost in sales?
Here's what we learned
| Avg. revenue: back to school | Avg. transactions: back to school | Avg. ticket price: back to school |
| -13% vs avg day |
-11% vs avg day |
-1% vs avg day |
| -14% vs avg day during August |
-11% vs avg day during August |
-3% vs avg day during August |
The week that classes began at Arizona State University saw Phoenix retail shops earn 13% less than an average day throughout the year, and 15% less than on an average day during the month of August.
Examine the chart above for a closer look at how much revenue at retail shops were impacted during the first week of classes at Arizona State University. (Classes resumed on Wednesday, August 21)
Football
Select an industry:
In most parts of the country, the college football season is the highlight of the year for students and locals alike.
But does college football fever in Phoenix translate to big bucks for local businesses?
Let’s take a look at the numbers:
| Avg. revenue: Saturdays during football |
Avg. transactions: Saturdays during football |
Avg. ticket price: Saturdays during football |
| -8% vs avg Saturday |
-4% vs avg Saturday |
-4% vs avg Saturday |
On Saturdays throughout the college football season, Phoenix restaurants earned 8% less than an average Saturday during the rest of the year.
In most parts of the country, the college football season is the highlight of the year for students and locals alike.
But does college football fever in Phoenix translate to big bucks for local businesses?
Let’s take a look at the numbers:
| Avg. revenue: Saturdays during football |
Avg. transactions: Saturdays during football |
Avg. ticket price: Saturdays during football |
| -1% vs avg Saturday |
-5% vs avg Saturday |
+4% vs avg Saturday |
On Saturdays throughout the college football season, Phoenix bars earned 2% less than an average Saturday during the rest of the year.
In fact, college football was big enough for bars in Phoenix that 8 of the top 10 days of the year were during college football weekends.
In most parts of the country, the college football season is the highlight of the year for students and locals alike.
But does college football fever in Phoenix translate to big bucks for local businesses?
Let’s take a look at the numbers:
| Avg. revenue: Saturdays during football |
Avg. transactions: Saturdays during football |
Avg. ticket price: Saturdays during football |
| -11% vs avg Saturday |
+2% vs avg Saturday |
-12% vs avg Saturday |
On Saturdays throughout the college football season, Phoenix lodging places earned 11% less than an average Saturday during the rest of the year.
In fact, college football was big enough for lodging places in Phoenix that 4 of the top 10 days of the year were during college football weekends.
In most parts of the country, the college football season is the highlight of the year for students and locals alike.
But does college football fever in Phoenix translate to big bucks for local businesses?
Let’s take a look at the numbers:
| Avg. revenue: Saturdays during football |
Avg. transactions: Saturdays during football |
Avg. ticket price: Saturdays during football |
| -6% vs avg Saturday |
-7% vs avg Saturday |
+1% vs avg Saturday |
On Saturdays throughout the college football season, Phoenix retail shops earned 6% less than an average Saturday during the rest of the year.
In fact, college football was big enough for retail shops in Phoenix that 4 of the top 10 days of the year were during college football weekends.
Of course, there is some overlap between the college football season and the holiday shopping season, which is also huge for local retail shops around the country.
Summmer and Holiday Breaks
Select an industry:
Finally, we wanted to look at the two times of year when school is out and many students head home during the break.
Do the summer and holiday breaks result in a dip in sales for restaurants around Arizona State University?
Here’s what we learned:
| Avg. revenue: summer break | Avg. transactions: summer break | Avg. ticket price: summer break |
| -3% vs avg day |
-5% vs avg day |
+1% vs avg day |
From the end of spring semester until the start of fall semester, Phoenix restaurants earned 4% less than the annual average.
| Avg. revenue: holiday break | Avg. transactions: holiday break | Avg. ticket price: holiday break |
| +7% vs avg day |
+8% vs avg day |
+0% vs avg day |
During the weeks of the holiday break, meanwhile, Phoenix restaurants earned 8% more than the annual average.
Finally, we wanted to look at the two times of year when school is out and many students head home during the break.
Do the summer and holiday breaks result in a dip in sales for bars around Arizona State University?
Here’s what we learned:
| Avg. revenue: summer break | Avg. transactions: summer break | Avg. ticket price: summer break |
| -5% vs avg day |
-6% vs avg day |
+1% vs avg day |
From the end of spring semester until the start of fall semester, Phoenix bars earned 5% less than the annual average.
| Avg. revenue: holiday break | Avg. transactions: holiday break | Avg. ticket price: holiday break |
| +1% vs avg day |
+8% vs avg day |
-6% vs avg day |
During the weeks of the holiday break, meanwhile, Phoenix bars earned 2% more than the annual average.
Finally, we wanted to look at the two times of year when school is out and many students head home during the break.
Do the summer and holiday breaks result in a dip in sales for lodging places around Arizona State University?
Here’s what we learned:
| Avg. revenue: summer break | Avg. transactions: summer break | Avg. ticket price: summer break |
| -5% vs avg day |
+3% vs avg day |
-8% vs avg day |
From the end of spring semester until the start of fall semester, Phoenix lodging places earned 6% less than the annual average.
| Avg. revenue: holiday break | Avg. transactions: holiday break | Avg. ticket price: holiday break |
| +18% vs avg day |
-4% vs avg day |
+23% vs avg day |
During the weeks of the holiday break, meanwhile, Phoenix lodging places earned 18% more than the annual average.
Finally, we wanted to look at the two times of year when school is out and many students head home during the break.
Do the summer and holiday breaks result in a dip in sales for retail shops around Arizona State University?
Here’s what we learned:
| Avg. revenue: summer break | Avg. transactions: summer break | Avg. ticket price: summer break |
| -4% vs avg day |
-4% vs avg day |
+0% vs avg day |
From the end of spring semester until the start of fall semester, Phoenix retail shops earned 5% less than the annual average.
| Avg. revenue: holiday break | Avg. transactions: holiday break | Avg. ticket price: holiday break |
| +6% vs avg day |
+4% vs avg day |
+1% vs avg day |
During the weeks of the holiday break, meanwhile, Phoenix retail shops earned 6% more than the annual average.
Methodology
Womply analyzed daily revenue for over 41,000 retail shops, 36,000 restaurants, 4,000 lodging places, and 2,200 bars, in all 50 states, for all 365 days of the 2019 calendar year. Businesses were only included in the analysis if they qualified as small businesses, Womply had a full year of transaction history, and the business recorded multiple transactions per day, on average.