While some of the code could certainly be reused, because it would most definitely not be a continent-wide event—and thus also not be exclusive; that is, more than one Lord could be running a Hunting Party at one time—there would be significant differences in the code from how tournaments are handled.
However, we have had a plan on the drawing board for a while of making tournaments no longer exclusive, and this would serve as a good trial run for that, too.
The ability to prolong a tournament ought to be considered as well. In continents where population is stretched in a more linear than diffused manner, even if you put the highest delay, many would be too far to attend. Being able to keep the tournament grounds ready for an additional week before the actual tournament takes places, possibly for an added cost, would help boost participation, now that density is lower than what it once was and tournament cancellations are more likely.
