The 2023 ODI World Cup in India created an “financial influence” of $1.39 billion with tourism among the many greatest beneficiaries, in line with a report launched by the Worldwide Cricket Council (ICC) on Wednesday (September 11, 2024).
The Financial Affect Evaluation performed by Nielsen for the ICC, claimed that the mega-event held in October-November final yr was the most important ever ODI World Cup.
“The ICC Males’s Cricket World Cup 2023 has demonstrated the numerous financial energy of cricket, producing financial advantage of $1.39 billion (₹11,637 crore) for India,” Chief Govt, Geoff Allardice stated in a press release.
Editorial |Finish of a dream run: On the World Cup remaining
Australia ended India’s unbeaten run within the event to win the trophy for a record-extending sixth time.
“The influence of tourism throughout the host cities amounted to $861.4 million of income technology, by lodging, journey, transportation and meals and beverage due to a large inflow of home and overseas vacationers attending the matches,” learn an ICC assertion.
“The secondary and incremental spends inside the financial system was a key driver, producing $515.7 million, which was roughly 37% of the whole influence.” Nonetheless, the ICC didn’t specify whether or not the large determine cited within the report is precise income.
A record-breaking 1.25 million spectators attended the mega occasion, of which practically 75% had been attending an ICC 50-over match for the primary time ever, the report claimed.
“Practically 55% of the worldwide respondents had beforehand visited India frequently, while an injection of recent guests due to the World Cup noticed 19% of worldwide attendees making their first ever go to to the nation.
“Worldwide travellers visited a number of vacationer locations throughout their keep which amounted to an financial influence of $281.2 million and practically 68% of worldwide attendees stated that they might advocate India as a vacationer vacation spot to family and friends sooner or later additional enhancing India’s international picture,” learn the assertion from the governing physique.
Over 48,000 full and half time jobs had been created by the occasion by direct involvement in delivering the event, in addition to different organisations throughout the hospitality sector, added the report.
“The occasion created hundreds of jobs and showcased India as a premier vacationer vacation spot, proving that ICC occasions not solely interact followers passionately but additionally contribute considerably to the economies of our host nations,” Mr. Allardice stated.
Printed – September 11, 2024 04:31 pm IST
