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The Economic Impact of the Monza Grand Prix on Local Industries

the related industries of monza

A total induced of 121.68 million euros, an increase compared to previous years also thanks to the tourism boom of recent months. This is what the Monza GP is worth according to the estimates of the Confcommercio study office of Milan, Lodi, Monza and Brianza. The largest expenditure items will be those relating to hospitality (34%) and catering (34%) equal to almost 41.37 million euros. This is followed by shopping, which represents 28% of total expenditure (34.1 million euros) and transport, 4% of tourist expenditure equal to 4.9 million. An estimated induced activity from which the neighboring territories will also benefit, from Milan and the metropolitan area to the province of Lecco. In fact, if 51% of tourist expenditure – 62.4 million euros – will remain in the province of Monza and Brianza, 30% – 36.5 million – will arrive in the metropolitan city of Milan, 11% -13.38 million euros – will go to the province of Como and the remaining 7% will be distributed between Lecco and neighboring provinces. “Then there is the media impact of the event, the visibility and global promotion of the territory and of the whole country. A rich schedule of initiatives and events that enliven the weekend in the urban centers around the racetrack – underlines the general secretary of Confcommercio Milano. Lodi Monza and Brianza Marco Barbieri -. A real Fuori Gran Premio thanks to the contribution of Municipalities, commercial activities with our Confcommercio Monza and cultural initiatives. The Grand Prix has an economic, cultural and for the whole territory, its inhabitants and the entrepreneurial fabric”.

2023-09-01 16:09:13
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