The Formula Grand Prix of Mexico 2023 1 will generate economic benefits of more than 15,600 million pesos for the trade, services and tourism sectors, informs Concanacode according to the estimated number Federal Ministry of Tourism (SECTURA).
The sporting event that will take place in Mexico City from October 27 to 29, Autódromo Hermanos Rodríguez, represents a remarkable economic dynamism for Mexico City and its metropolitan area. According to SECTUR data, more than 232 thousand tourists are expected to arrive in the country’s capital during the GP.
According to the same agency, hotel occupancy will reach almost 80 percent, equivalent to 131,996 occupied rooms.
Tourism, as well as the trade and service sectors, will benefit from Formula 1. The food and drink, transport, sporting goods (team merchandise), retail and entertainment sectors will experience a boom in physical and online sales.
Heitor Tejada Cabelo, president of the Confederation of National Chambers of Commerce, Services and Tourism (Concanaco Serviytur México), explains.
Formula 1 brings important benefits to trade, services and tourism and thus to the Mexican economy, which in turn translates into growth opportunities for local and national trade and related services. with tourism.
Sporting events such as Formula 1 are important drivers of tourism in the region where they take place. Internationally, approximately 25% of total tourism revenue comes from sporting events, and Mexico is no exception.
The 2023 Mexican Grand Prix starts this Friday at 12:30 PM (Central Mexico time) with practice 1. Qualifying will take place on Saturday at 3:00 PM and the race will start on Sunday. at 2 o’clock in the afternoon.
Source: La Neta Neta
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