PHILADELPHIA (KYW Newsradio) — The Philadelphia Phillies' run to the World Series is having a ripple effect on the city’s economy, helping businesses move from red to black in the profit margin.
“Going back to September and then through October, it’s been terrific,” said Nate Ross, owner of the New Wave Cafe in Queen Village.
“The last two weekends for my company might have been the best two weekends we’ve ever had of 38 years of being in business.”
Ross said many small businesses are still feeling the negative effects of COVID-19 pandemic closures and restrictions, but “Red October” magic from the Phillies has been the gift that keeps on giving.
“It couldn’t have come at a better time for anyone in my business, in my industry. Anybody that’s in the hospitality business in any way, shape, or form has seen a bump in action,” said Ross.
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Chamber of Commerce for Greater Philadelphia President and CEO Chellie Cameron said if the past weeks are any indicator for the future, hosting the World Series will be a big win for the city, as it was for Houston in 2021.
“Houston, who hosted three games, had an economic impact from those three games of around $26 million in the region,” said Cameron.
She added that the free advertisement that worldwide World Series coverage brings Philadelphia is priceless.
“Money can’t buy the amount of positive media attention and social media coverage that Philadelphia is going to receive from hosting the World Series,” said Cameron.
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PHL Sports Executive Director Larry Needle concurred with Cameron about the media exposure for the city, and said it’s a boon for countless businesses.
“Economically it’s a huge win for our entire hospitality community. All of our hotels, restaurants, and attractions are going to feel it in a big way,” said PHL Sports Executive Director Larry Needle.
The Phillies are slated to host up to three World Series contests: Game 3 on Monday, Oct. 31, Game 4 on Tuesday, Nov. 1, and if necessary, Game 5 on Wednesday, Nov. 2.