A new report from the latest published Halton Economic Update estimates that $5 million of economic activity will be generated next month during the 2024 Centennial Cup hockey tournament for local restaurants, businesses and hospitality.
Oakville will host the 2024 Centennial Cup from May 9-19, welcoming champions from nine Junior A hockey leagues across Canada and an estimated 42,500 spectators.
For over 50 years, Canada's Junior A hockey teams have competed for the Centennial Cup, which was claimed last year by the Brooks Bandits from British Columbia.
This year, the Oakville Blades will host all champions from the Canadian Junior Hockey League (CJHL) from May 9-19 at Sixteen Mile Sports Complex.
Read more here: Oakville Blades to host the 2024 Centennial Cup
According to the most recent Halton Economic Update, the tournament is expected to have an economic impact of about $5 million for local businesses.
The town of Oakville initially anticipated this impact last year when they placed their bid to host the tournament.
During a council meeting on March 27, 2023, it was estimated that with an anticipated attendance of 42,500 spectators, there would be a minimum of 3,083 hotel nights required.
The ice rental costs for the tournament were initially projected by the town at $45,000. Any adjustments to this figure remain undisclosed.
According to the original report from council, "If selected, the event will be hosted at Sixteen Mile Sports Complex, Oakville’s state-of-the-art quad pad arena. This facility was designed to host events such as the Centennial Cup tournament as part of the town’s vision to become a leading destination for national and international tournaments and events."
More information about this upcoming Centennial Cup can be read on the tournament's website. Ticket prices vary from $15 to $35.