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2023 ODI World Cup in India generated economic impact of $1.39 billion: ICC
The Hindu
The 2023 ODI World Cup in India generated a $1.39 billion economic impact, with tourism as a major beneficiary.
The 2023 ODI World Cup in India created an "economic impact" of $1.39 billion with tourism among the biggest beneficiaries, according to a report released by the International Cricket Council (ICC) on Wednesday (September 11, 2024).
The Economic Impact Assessment conducted by Nielsen for the ICC, claimed that the mega-event held in October-November last year was the biggest ever ODI World Cup.
"The ICC Men's Cricket World Cup 2023 has demonstrated the significant economic power of cricket, generating economic benefit of $1.39 billion (₹11,637 crore) for India," Chief Executive, Geoff Allardice said in a statement.
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"The impact of tourism across the host cities amounted to $861.4 million of revenue generation, through accommodation, travel, transportation and food and beverage because of a massive influx of domestic and foreign tourists attending the matches," read an ICC statement.
"The secondary and incremental spends within the economy was a key driver, generating $515.7 million, which was approximately 37% of the total impact." However, the ICC did not specify whether the massive figure cited in the report is actual revenue.