What you are asking is commonly referred to as revenue management or previously yield management.
Any event like an aeroshow has a huge impact in the hotels. If the event would require large gatherings then the hotel will have to look at capacity cobtrol and duration control with discount allocation. So yes it would have an impact on occupancy(rise), rising ARR and Revpar.
yes it does, Bangalore sees this everytime they have this Aeroshow the city sees huge demand for rooms and ADR's double easily if not more. similar aeroshow was held in Hyderabad as well in the old airport but not sure how it impacts now with moving to a new location out of the city.
One of the most popular air shows in Europe - Red Bull Air Race - is held every year in Croatia and it is heavily sponsored by Maistra, which is a bih hotel comany in Croatia. So, I gues that air shows have indeed a bigimapct on occupancy rates, ADRs, RevPARs and other financial indicators in the hotel industry, or they would not be interested in sponsorhsips...
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