How Much Money Will ICC ODI World Cup 2023 Generate?

Notably, the demand for restaurants and fast-food chains is poised to soar, catering not only to visiting tourists but also to the millions of Indians who prefer home delivery.

As India gears up to host its fourth cricket World Cup, millions of anxious fans will fill stadiums or gather in front of their television screens, their hopes riding on the national team to repeat their past success after 12 years.

Irrespective of the outcome on the field, the Indian economy is poised to benefit significantly, with BQ Prime’s estimations suggesting a conservative windfall of over $1.5 billion. The ICC World Cup 2023, commencing next month, will witness fervent fans, both from India and overseas, flocking to various cities. They will purchase match tickets, reserve accommodations, dine at restaurants and street food stalls, buy memorabilia and merchandise, explore tourist attractions, and more.

The aviation and hospitality sectors are expected to be the primary beneficiaries of this cricketing extravaganza. Air travel will witness a substantial surge, driving up the demand for airport services. Meanwhile, hotels are set to profit handsomely, with room rates reportedly skyrocketing between eight to fifteen times during marquee clashes like the India-Pakistan encounter, as per multiple reports.

Also read: Top 5 Key Players to Watch at the ICC ODI World Cup 2023

Notably, the demand for restaurants and fast-food chains is poised to soar, catering not only to visiting tourists but also to the millions of Indians who prefer home delivery.

According to BQ Prime’s calculations, the cumulative economic impact resulting from direct and indirect spending during the tournament is projected to exceed $1.6 billion. This figure surpasses the economic impact of $347.2 million during the 2015 Australia-New Zealand edition and $447.8 million during the 2019 U.K. World Cup by more than threefold.

IPL 2024

Related articles

CSK vs DC Pitch Report: Will Spinners Dominate or Will Batters Rule in Chennai? Know the Pitch Conditions for This Match

In the 17th match of IPL 2025, Chennai Super Kings will face Delhi Capitals at the MA Chidambaram Stadium in Chennai. Both teams have...

IPL 2025 LSG vs MI- Ekana Stadium Pitch Report Today Match

When Mumbai Indians and Lucknow Super Giants face off in the Indian Premier League (IPL) match on Friday, all eyes will be on the...

Mitchell Santner Family- Father, Mother, Siblings

Born on February 5, 1992, Mitchell Josef Santner is a versatile New Zealand international cricketer, showcasing his skills across all formats of the game....

KKR vs SRH 2025 Playing 11: Kolkata and Hyderabad Eager to Return to Winning Ways – Check Predicted Lineups

Despite having star players, Kolkata Knight Riders and Sunrisers Hyderabad have not had an ideal start to IPL 2025. Both teams have played three...

KKR vs SRH: Who Will Win Today’s Match? Stats to Determine the Stronger Team

Kolkata Knight Riders will take the field at their home ground, Eden Gardens Stadium, on April 3 to face Sunrisers Hyderabad. Both teams have...

RCB vs GT- Bengaluru Pitch Report, Weather Forecast and IPL Stats

The 14th match of the Indian Premier League (IPL) 2025 will witness an exciting clash between Royal Challengers Bengaluru (RCB) and Gujarat Titans (GT)...

BCCI Central Contract 2025- Comeback for Shreyas Iyer But Ishan Kishan Snubbed Again

The Board of Control for Cricket in India (BCCI) is expected to announce the list of centrally contracted players soon. Shreyas Iyer, who played...

IPL 2025: Rajasthan Royals Captain Riyan Parag Faces Huge Loss, Fined Despite Winning the Match

Rajasthan Royals (RR) secured their first victory in IPL 2025 by defeating Chennai Super Kings (CSK) by 6 runs in the 11th match of...