F1 race to give Mexico City a $2 billion windfall
Hosting the Formula One Grand Prix in Mexico City will generate an economic impact of $2 billion over a five-year period Mexico tourism officials say.
The race returns to the Hermanos Rodríguez circuit this year for the first time since 1992.
Undersecretary of quality and regulation at the ministry of tourism, Francisco Mass Pena, said the race will create 18,000 jobs and will directly contribute 60% occupancy of the city’s hotel room stock.
"Over the three-day event, some 520 million television viewers will watch the race and see Mexico in the process," he said.
The head of Mexico racing team Telmex, Carlos Slim Domit, said 250,000 spectators are expected over race weekend with at least 100,000 watching the race itself on November 1.
It will also be the first race on home soil for highly rated Mexican driver Sergio Perez who gained a top-10 finish in last season’s standings.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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