232 thousand tourists are waiting to attend F1 in CDMX

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 attend the Formula 1 Grand Prix.

This influx is expected for the weekend of Friday, October 27 to Sunday, October 29; Of the total visitors, it is estimated that 52 thousand will be foreigners.

The Ministry of Tourism indicated that an estimated percentage of average hotel occupancy of 78.8 percent in Mexico City alone, which is equivalent to 131,996 occupied rooms.

In terms of accommodation, an economic benefit of 286 million pesosThis is around 15.9 million dollars, and the income from tourist services is estimated at 3,138 million pesos, approximately 175 million dollars.

The Mexican government reported that Mexico City has 645 lodging establishments, totaling 53,409 rooms, a calculation based mainly 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 star.

Torruco Marqués highlighted that during the days of the event a capacity of 400 thousand spectators on average, exceeding the 396 thousand that were registered in 2022; year in which it was placed as the fourth venue with the most fan attendance.

The Mexican Formula 1 Grand Prix in Mexico City has been awarded on different occasions as the best of the year by the International Automobile Federation (FIA), above the rest of the championship venues, and is broadcast to more than 200 countries, receiving approximately 2,400 hours of coverage worldwide.

The profit from the media coverage of the race, which will take place from October 27 to 29, will be close to 7 billion pesos, as well as an additional 5.2 billion pesos for other items, such as ticketing and the sale of souvenirs. According to data from the event organizers, these amounts represent 585 million dollars.

He emphasized that the economic impact of the 2023 Formula 1 Mexican Grand Prix will be 15,624 million pesos, which represents around 873 million dollars, and contributes to an average of 8,700 jobs in Mexico City.