🏁🇲🇽 Excitement is building as the 2023 Mexican Grand Prix gears up to take the streets of Mexico City by storm from October 27th to 29th at the Autódromo Hermanos Rodríguez! 🏎️💨
According to city authorities, this year's F1 extravaganza is projected to boost the economy by a whopping 12% compared to last year. That's a significant surge! This grand celebration of motorsport will be a game-changer for 225,000 businesses, creating a staggering one million direct and indirect jobs. The event is set to draw in 80,000 passionate racing fans, with 78% proudly waving the Mexican flag, and 22% joining us from around the globe. 🌎🌟
How does Mexico City become a host for events of this magnitude? It's the perfect combination of world-class infrastructure, passionate fans, and a strategic location that attracts top-notch shows. Mexico City stands as a magnet for global events, providing an unparalleled experience for both participants and spectators. 🌆🌟
In 2022, the F1 frenzy injected over $869 million dollars into Mexico City's economy. And this year, we're anticipating a 12% increase, meaning an extra $89.6 million dollars, as stated by Secretary of Economic Development, Fadlala Akabani. The ticket sales alone are estimated to reach close to $280 million dollars!
The ripple effect extends to tourism services, encompassing the vibrant flavors of local gastronomy and the cozy comforts of nearby hotels, contributing an estimated $90.77 million dollars. This covers not just the race days but also the day leading up to the event. 🥘🏨
Our beloved capital's businesses and microenterprises are set to thrive with sales surpassing $101.44 million USD, courtesy of merchandise from participating teams.
And let's not forget the extensive media coverage, including the power of social media, which is expected to leave an incredible economic footprint of $455.91 million dollars! 📺💰
The F1 extravaganza, combined with other festivities throughout the year, is projected to bring Mexico City's total revenue to an astounding $3.46 billion dollars from January to October. This includes celebrations like Three Kings' Day, Valentine's Day, Mother's Day, and more. 🌆✨
This dynamic activity in the city's tourism sector represents a remarkable 9.1% of the capital's GDP, and on a national scale, Mexico City's tourism sector accounts for approximately 4% of the country's total tourism GDP.
In 2022, Mexico ranked as having the most valuable 'country brand' in Formula 1 across Latin America, with an estimated value of a staggering 771 billion dollars, moving up from 20th to 18th position from 2021 to 2022 according to the Nation Brands ranking.
Let's gear up for an unforgettable event and celebrate the incredible impact F1 has on Mexico! 🏁🇲🇽
#MexicanGrandPrix #EconomicImpact #F1InMexicoCity
Information Source: https://lnkd.in/d5Q_hcuq
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