Australia broke India’s winning streak in the 2023 ODI World Cup final to win the trophy a record-tying sixth time.
Tourism was one of the main industries that benefited from the USD 1.39 billion “economic impact” of the 2023 ODI World Cup in India. According to a report released on Wednesday by the International Cricket Council (ICC). According to Nielsen’s Economic Impact Assessment for the ICC. The massive event that took place in October and November of last year was the largest ODI World Cup ever. “An economic benefit of USD 1.39 billion (Rs 11,637 crore) for India has resulted from the ICC Men’s Cricket World Cup 2023, demonstrating the significant economic power of cricket,” ICC Chief Executive Geoff Allardice said in a statement.
ICC Men’s Cricket World Cup 2023
Australia won the trophy a record-tying sixth time, breaking India’s winning streak in the competition. Due to a huge number of local and international visitors witnessing the matches. The impact of tourism on the host cities generated USD 861.4 million in revenue through lodging, travel, transportation, and food and beverage sales, according to an ICC statement.
One important factor contributing to the overall impact was the economy’s secondary and additive spending. Which brought in USD 515.7 million, or almost 37% of the total. The ICC did not, however, clarify whether the enormous amount mentioned in the report represents genuine revenue.
Approximately 75% of the record-breaking 1.25 million spectators at the major event were there for their first-ever ICC 50-over match according to the study. About 55% of the foreign respondents had been to India on a regular basis in the past. But 19% of the foreign attendees were visiting the nation for the first time because of the World Cup.
The governing body said that nearly 68% of foreign attendees said they would recommend India as a tourist destination to friends and family in the future, further enhancing India’s global image. International travelers visited multiple tourist destinations during their stay, resulting in an economic impact of USD281.2 million.
