The Ministry of Tourism reported that 232 thousand tourists are expected to arrive in hotel rooms in the metropolitan area of the Valley of Mexico to participate in the Formula 1 Grand Prix.
This influx is expected in the weekend of Friday 27 to Sunday 29 October; Of the total number of visitors, an estimated 52 thousand will be foreigners.
The Ministry of Tourism stated that an estimated average hotel occupancy rate of 78.8 percent in Mexico City alone equates to 131,996 occupied rooms.
In terms of accommodation, there is an economic benefit of 286 million pesos, equivalent to approximately US$15.9 million, while revenue from tourism services is estimated at 3,138 million pesos, approximately US$175 million.
The Mexican government reported that there are 645 lodging establishments in Mexico City with a total of 53,409 rooms. The calculation is mainly based on 5-star hotels with 17,271 rooms. 4 stars, with 13,305; and 3 stars, with 10,654 rooms and in the lower category those with 2 and 1 stars.
Torruco Marqués emphasized that during the days of the event there will be an average capacity of 400 thousand spectators, more than the 396 thousand registered in 2022; Year in which it was ranked as the fourth most visited place by fans.
The Formula 1 Mexican Grand Prix in Mexico City has been named the best of the year several times by the International Automobile Federation (FIA), stands out above the rest of the championship locations and is broadcast in more than 200 countries. About 2,400 hours are broadcast worldwide.
Profits from media coverage of the race, which will take place from October 27 to 29, will amount to almost 7 billion pesos, according to the organizers, in addition to another 5.2 billion pesos for other items such as ticket sales and souvenir sales. the amounts amount to 585 million dollars.
He emphasized that the economic impact of the 2023 Formula 1 Mexican Grand Prix will amount to 15.624 million pesos, equivalent to approximately US$873 million and will contribute to the creation of an average of 8,700 jobs in Mexico City.
Source: La Neta Neta
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