It might be one of your many answered questions that why actually countries like Brazil want to host mega events like FIFA 2014 when they already enjoy a decent GDP for the tourism and business. We had been wondering to provide our valued readers with a transparent report that can help them to satisfy the urge to explore the truth and here we are with 5 authentic ways on how Brazil is generating revenue by hosting FIFA 2014.
Have a look!
05. Cost of Ticket
Tickets are available for the audience in the exchange of Brazilian reals ad for the international customers in USD form. Opening match cost is up to 500 dollars and those of the group matches are 175 dollars. Since the opening match also includes the opening ceremony of FIFA so the premiums were added into the overall cost of the ticket and so its price is much higher than a group match ticket.
Tourism in Brazil has risen to a complete new level with FIFA 2014 and it has been predicted that the tourists will spend about 25 billion dollars during the entire tournament because in this year’s world cup about 600 thousand foreigners and three million Brazilian travellers are probable to visit the country. This will not just lead to the improvement of infrastructure of the country but will enhance the exposure of Brazil in abroad as well by a significant rise in the amount of the visitors in the country.
03. Tickets of Visitors
It is being said that the majority of the entire revenue generated from FIFA 2014 will depend upon the 3.7 million domestic as well as international visitors and their tickets that are coming there to partake in the ingoing festivities. The net impact of this tournament will be very positive on the economy of Brazil and it is estimated that the revenue generated will be around 11 billion overall.
With the expectations of 600 thousand domestic and international tourists during FIFA 2014, the boom for the hospitality industry has significantly increased as well and the room rates in Brazilian hotels have risen up to five to ten folds during the tournament . People are desperate to book the rooms at any rate and this is how Brazil is generating most of its revenue.
The expected tourists will approximately spend 12 billion dollars which will give about 0.5 percent increase to the total GDP of the country that is about 2.435 trillion dollars giving a huge support to the economy of Brazil.