Formula 1: Mexican Grand Prix will generate economic benefits exceeding 15,600 million pesos: Concanaco

He Formula Mexican Grand Prix 2023 1 will bring economic benefits of more than 15 thousand 600 million pesos for the trade, services and tourism sectors, it is reported Conkanacoaccording to the figure estimated Federal Ministry of Tourism (SECTURE).

A sporting event that will take place in Mexico City from October 27 to 29 at the stadium Autodromo Hermanos Rodriguez, This represents notable economic dynamism for Mexico City and its metropolitan area. According to SECTUR, more than 232 thousand tourists are expected to arrive in the country’s capital during the GP.

Hotel occupancy, according to the same agency, will reach almost 80 percent, which is equivalent to 131,996 occupied rooms.

Tourism, as well as retail and services, will benefit from Formula 1. The food and beverage, transport, sporting goods (team merchandise) retail and entertainment sectors will see a boom in both in-person and online sales.

Hector Tejada Shaar– explained the President of the Confederation of National Chambers of Commerce, Services and Tourism (Concanaco Servytur México).

Formula 1 brings important benefits to the trade, services and tourism sector and therefore to the Mexican economy, which in turn leads to growth opportunities for both local and national trade and tourism-related services.

Sporting events such as Formula 1 are key drivers of tourism in the region where they take place. Internationally, about 25 percent of total tourism revenue comes from sporting events, and Mexico is no exception.

The 2023 Mexican Grand Prix will begin this Friday at 12:30 pm Mexico Central Time with Practice 1. On Saturday qualifying will take place at 3:00 pm and on Sunday the race will have its original flag at 2:00 pm

Source: Aristegui Noticias

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