Post-Game Parking Analysis
Now that the Super Bowl is over and the New York Giants have been crowned Super Bowl XLVI champions just about every radio or TV station has recapped the game by discussing the stats and big plays. Between the estimated $400 million economic bump that was predicted for businesses in Indianapolis and the $8.7 billion in projected Super Bowl related spending across the country you can bet that every business that had any tie to the Super Bowl was reviewing their numbers from this past weekend. Now that the numbers are in, we can answer some questions.
Do Large Market teams mean More Money?
The answer seems to be a resounding YES after sorting through all of the statistics for the 2012 Super Bowl. The most surprising fact is that parking revenue increased even thought the price of the average parking spot fell.
As this chart illustrates, the average person who bought a parking reservation within 0.5 mile of the Super Bowl stadium saved 25% compared to 2011 prices. Fans that purchased parking within 0.2 mile of the stadium saved an average of 40% compared to last year. That is a significant decrease in price, but parking revenue increased over 2011 because far more people decided to drive to the game. So yes, having big market teams compete in the Super Bowl will bring in more money for local businesses. Even if the average revenue per fan decreases the big market teams bring enough fans to offset that drop.
How do we know that these numbers are a result of two large market teams being selected for the Super Bowl? By taking a look at the timing of the parking reservations for the Super Bowl.
The Expectations
There were plenty of reasons to expect all of the parking numbers to be worse than the 2011 game in Dallas. With 61% of all the hotels in Indianapolis outside of the downtown area and two major markets migrating almost 1,500 miles west to come to town for the game, increased traffic and parking prices seemed inevitable. There weren’t many reasons to think that prices would be lower for drivers looking for a place to park.
However, the numbers for parking lot managers in Indy didn’t look nearly as good as they did in 2011 either. Lucas Oil Stadium officials only installed 300 additional temporary seats, giving the 2012 Super Bowl a staggering 30,000 Seats less than last year’s Super Bowl. Two weeks prior to the Super Bowl, as the four remaining NFL playoff teams took the field to decide who would get the chance to go to Indianapolis; many Super Bowl related businesses were expecting less revenue this year.
1 Big Game, 2 Big Markets
Exactly two weeks before the Super Bowl, the two teams that will compete are determined in the AFC and NFC Championship games. Prior to the game, the overall sales for Super Bowl parking were up 3% overall compared to 2011 and the average price was actually $9 less than the 2011 Super Bowl. But once New York and New England were crowned as the conference champions and it became clear who would be traveling to the Indianapolis for the Super Bowl, the numbers began to change very quickly.
In the 24 hours following the official announcement of the Super Bowl contenders on January 22nd of this year, the number of parking reservations shot up 83% compared to last year, which included the much smaller markets of Green Bay and Pittsburgh. The second and third days also showed significant increases of 72% and 35% respectively.
In 2011, just 48% of all parking reservations were made during the week before the Super Bowl. During that same week in 2012, the numbers skyrocketed up again. The chart below shows the increases by day that equal an average increase of 47% in overall sales each day:
Increase in Parking Reservations from 2011 to 2012 During Super Bowl Week
| Monday | 29% | |
| Tuesday | 59% | |
| Wednesday | 40% | |
| Thursday | 70% | |
| Friday | 75% | |
| Saturday | 9% |
By the time the Super Bowl had concluded, the average price of a parking spot had fallen from 2011 levels, but total spots sold had risen more than enough to result in a revenue increase. Even though only one team can win in the Super Bowl, everyone won when it came down to parking for Super Bowl XLVI.












