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Robert Tuchman, Elite Experiences president, weighs in on Super Bowl package spending, and why this is a good indicator of where the economy is headin...
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1020000 dollars each Robert tuchman is president and elite experience is an -- planning firm.
He joins us from of course Indianapolis -- great to see you again.
So you know you say from my notes here that said he'd be Super Bowl in and of itself could be the best barometer of the overall it costs could be -- do you say that in idiocy and.
Blog get to that but I do want to say that we have sold a thousand packages but the margins in this business are very slim so there.
Also not -- agree that sands.
That's -- cut back but now where we're very fortunate the reason why everything has been so busy we've been so active it's it's really simple it's the New York Giants.
It's in New York Giants fan base in and I am here in Indianapolis now and I would say it's probably -- doubt.
80% giant fans 20% patriot fans and really finding.
Oh yeah what I'm finding what you guys had -- was when these two teams play in the Super Bowl back in 2008.
We just it said one of the worst years on record.
For the market there was limited -- fans traveling this year we're finding a lot of people.
With private planes.
Looking for -- the best seats they're willing to stand and they're coming so it's really great to see.
Use your margins are really then -- one of these favorable packages a couple of years back in the hotel I paid a fortune hotel was so bad I wanted to sleep in a zip Loc bag I was like.
Terrified of it how how your margins possibly be thin especially when you're you're charging 20000 dollars -- package.
I'll tell you that's a really good question and and here in Indianapolis one of the big problems is hotel space there's a few really nice properties downtown.
The hotels come in and what they do is they -- four night minimum so the average hotel here in -- for instance.
Let's say if it goes for 99 dollars a hand -- On -- you know on a regular day during the Super Bowl they'll set a rate of 40500.
Dollars a room.
That's what the hotel is selling and that's four -- so.
Four times five hundred's to grant.
If you go on stub -- -- looking tickets and for what they're selling you'll see the based ticket right now you can't get the and in the -- seat for less than 2500.
Dollars so at the end of the day when you package everything up -- put it together.
We're definitely have slim margins the good thing is we're doing a lot of revenue -- that's a real key indicator of how the economy's doing because a lot of people are spending.
So that is the good news but that's the reason you probably stay in the flee Baghdad and he probably -- a seat at the top of the you know -- -- But the hotel is -- so you got we got two major market teams though so it sounds like if you had to lesser teams combined with the fact that -- playing.
In his second tag you know mid market city and Indianapolis Steve got strong demand for all these things from the big market for so maybe that's probably the issue not matching up pat and my question if you had smaller market teams would you.
Not see so much profit coming in.
Well absolutely if there was if -- if let's say the raven if the ravens had gotten -- And if the niners had gotten in we'd be talking about a completely different scenario.
I think also another key factors that Indianapolis is relatively close to both new York and Boston.
So when these two teams played when it was out in Arizona after the economy had fallen off -- cliff as well.
It was harder to travel out there you have folks now they could if they can't even get a flight ND -- they can go to Cincinnati they -- go to Lou I -- So there's a lot of options there's a lot of people who are coming here.
And the good news is they're saying look I didn't spend less time -- -- stayed home and come in this time and I'm gonna spend.
Yet and perfect storm of events Robert thanks so much -- great time really has.
-- on -- how do you think it.
