4 ms·
It would crush the Austin economy, there are businesses in the downtown which rent out their "space" for the 2/3 weeks of SXSW and make more money in this perio
by orliesaurus 7y ago
It would crush the Austin economy, there are businesses in the downtown which rent out their "space" for the 2/3 weeks of SXSW and make more money in this period of time, than they would otherwise do all year long!
"The annual festival increased its economic impact to the City of Austin to $355.9 million in 2019, according to an analysis by Greyhill Advisors and South by Southwest." [1]
[1] https://www.kxan.com/news/coronavirus/austin-business-owners-call-for-cancellation-of-sxsw-citing-coronavirus-concerns/ https://www.kxan.com/news/coronavirus/austin-business-owners...
- xhkkffbf 7y agoYes! It's not a surprise that the cloud companies like Google or Amazon or Salesforce want to cancel events. They don't lose much -- and might even gain by encouraging more digital interaction. It's the waiters, hotel workers, cab drivers etc. who are really going to be squeezed. It's going to be rough for them.