This article examines the impact of the inaugurations of Barack Obama and Donald Trump on hotel occupancy in the Washington DC metro area. Using daily hotel data from 2010 to 2020 and controlling for multiple other major events along with day, week, and year fixed effects, we find substantial effects of presidential inaugurations on hotel occupancy. Daily occupancy rates around the inaugurations are four to six times higher than the next largest event in our sample. We also find evidence that inaugurations are multiple-day tourist events, with hotel occupancy rates seeing positive leads and lags. We find little difference in overall hotel occupancy impacts between the Obama and the Trump inaugurations, although the pattern differs due to the differences when in the week they occurred. Unfortunately, our results cannot separate the effect of the Women’s March on Washington from the Trump inauguration.

本文探讨了巴拉克·奥巴马（Barack Obama）和唐纳德·特朗普（Donald Trump）就职典礼对华盛顿特区都会区酒店入住率的影响。使用2010年至2020年的每日酒店数据，并控制其他多项重大事件以及日，周和年的固定影响，我们发现总统就职典礼对酒店入住率的重大影响。就职典礼的每日入住率是我们样本中第二大活动的四到六倍。我们还发现，就职典礼是多日的旅游活动，有酒店入住率出现正数领先和滞后的证据。我们发现，奥巴马总统和特朗普总统就职典礼对整体酒店入住的影响几乎没有差异，尽管这种模式因发生一周的时间不同而有所差异。不幸，