Behind the Scenes: Organize Cricket Fun 2023
The ICC Men’s Cricket World Cup 2023 is set to take place in India grounds, and It’s expected to have a significant impact on the whole country’s economy. The tournament will feature 10 teams playing in a single round-robin format, with the top four teams advancing to the semi-finals. Behind the scenes, there are many factors that go into organizing such a large-scale event, including:
Business of Cricket:
The business of cricket is a significant factor in organizing the World Cup, with TV rights, ticket sales, merchandise, and foreign tourism all playing a role.
World Cup Venues:
The tournament will be hosted across 10 different cities of India, with each venue having its own unique features and hosting multiple matches.
World Cup Sponsors:
Sponsors play a crucial role in financing and promoting the event, with well-known brands like Coca-Cola and Booking.com sponsoring the tournament.
Project Management:
The Big Tournament requires strategic planning, teamwork, and efficient resource allocation, much like a successful project.
Economic Impact:
The World Cup is expected to have a significant impact on India’s economy, with analysts predicting a boost in travel, hospitality, food and beverage sales, and media advertising.
Overall, organizing the Cricket Cup 2023 is a complex and multifaceted process that involves many different factors. However, with careful planning and execution, it is sure to be a successful and exciting event for cricket fans around the world.
What is the economic impact of hosting the cricket world cup?
The ICC Men’s Cricket World Cup 2023 is expected to have a significant impact on India’s economy. According to economists at the Bank of Baroda, the tournament could inject a staggering $2.4 billion into India’s economy. Another report from BQ Prime forecasts an economic boost of around Rs 13,500 crore, or about $1.64 billion at prevailing exchange rates, and tournament is expected to benefit various sectors, including travel, hospitality, food and beverage sales, and media advertising.
The surge in demand for accommodations and flights due to the tournament is expected to benefit hotel and airline companies. The tournament is also expected to support government coffers through increased tax collections on ticket sales, goods and services taxes on hotels, restaurants, and food delivery. However, economists at the Bank of Baroda have warned that the tournament may also cause inflation due to surging airline tickets and hotel rentals, and substantial increases in service charges in the informal sector in the 10 host cities on top of the festive-season impact. Overall, the ICC Men’s Cricket World Cup 2023 is expected to have a significant positive impact on India’s economy.
