Tag Archives: John Hancock FInancial


Boston Marathon expected to generate $192.2 million for area economy

BOSTON – This year’s Boston Marathon and related events including the John Hancock Sports & Fitness Expo and the B.A.A. 5K are expected to generate $192.2 million for the greater Boston economy, according to Greater Boston Convention & Visitors Bureau President and CEO Patrick Moscaritolo.

The Patriots Day event will have 30,000 participants this year, the Bureau says, including more than 6,200 runners from 94 countries outside the United States. In addition, 1,000 members of the media from more than 200 outlets are expected to cover the Boston Marathon this year.

The Marathon and its related events offer an annual kick-off to the summer tourism season, Moscaritolo notes.

The Boston Athletic Association is delighted to welcome participants, spectators, and media members from around the world to Boston for the 121st running of the Boston Marathon,” adds Tom Grilk,chief executive officer of the B.A.A. “Each year the Boston Marathon brings people from all backgrounds together, uniting to celebrate athletic excellence and the spirit of competition. Nearly everyone involved in the events of the week – from 40,000 athletes in the Boston Maraton and B.A.A. 5K, to the hundreds of thousands of spectators that line the course, and more than 9,500 volunteers – will patronize local businesses throughout Greater Boston.”

The 2016 Boston Marathon generated $188.8 million (USD) and had an entry field of 30,816 athletes. The economic impact ($192.2 million) will come from various categories:

*Total spending by more than 30,000 runners and their guests at Marathon and Marathon related events $104.6M

*Charity fundraising by Marathon participants $30.0M

*Total spending by spectators & visitors at Marathon and Marathon related events $31.4M

*Total sponsor and media-related spending $15.2M

*Total spending by the Boston Athletic Association $11.0M

For the 32nd consecutive year, the principal sponsor of the Boston Marathon is John Hancock Financial, which provided the first-ever prize purse for the Boston Marathon in 1986 and has provided over $19 million (USD) in prize money for the event. This year’s prize purse totals $830,500 (USD), plus bonuses.

The John Hancock Sports & Fitness Expo will be located at the John B. Hynes Veterans Memorial Convention Center at 900 Boylston Street from Friday, April 14, through Sunday, April 16. This Expo is widely regarded as the running industry’s premier expo for new products and services, features more than 150 exhibitors, and is estimated to attract more than 100,000 attendees. Boston Marathon participants must claim their bib numbers for this year’s race at the John Hancock Sports & Fitness Expo.

Also, among this year’s related events is the B.A.A. 5K on Saturday, April 15, two days prior to the Boston Marathon. It will be run on One Boston Day, a day that celebrates the resiliency, generosity, and strength demonstrated by the people of Boston in response to the tragedy of April 15, 2013. The B.A.A. 5K will feature 10,000 entrants, including 1,132 international participants, and registration concluded in January. The 3.1-mile course starts and finishes at historic Boston Common and takes participants across the Boston Marathon finish line.

Additionally, on the evening of April 15, BOSTON, the first feature-length documentary to chronicle the history of the Boston Marathon, will have its World Premiere at the Boch Center Wang Theatre. Four days later, the film will be shown nationwide in 450 theatres.