Attendance, hotels, restaurants… This 79th Monaco Grand Prix is considered a “grand cru”
Although it seems difficult to precisely quantify the economic results of the Monaco Grand Prix, the Monegasque Institute of Statistics and Economic Studies had nevertheless attributed an in-depth study to it in the wake of the 2017 edition, won by Sebastian Vettel then at Ferrari. That year, the four days of the Grand Prix had generated more than 90 million euros, in the Principality alone. Nearly ten more including the neighboring department.
What about the “2022” vintage, a vintage of all hopes, after two years marked by a cancellation and then by 50% restricted gauges in the stands?
Still too early to tell. But in the opinion of many tourism professionals, to speak of a “grand cru” would not be an exaggeration, far from it. The figures gleaned by the services of the princely government attest to this.
Attendance up. In the air, on the rails, the body of water and the asphalt
With a capacity of 24,000 seats, including 4,000 on the Butte du Rocher, the Monaco Grand Prix unquestionably attracts crowds. Strolling along the crowded Princess Caroline pedestrian street between practice, qualifying and races usually sets a trend. The station, very crowded and equipped with sensors at the entrances and exits, makes it possible to refine this first impression. Compared to 2019, the pre-Covid year, the number of travelers is up sharply over the four days: 106,683 arriving travelers (compared to 96,721) and 94,545 departing travelers (compared to 60,840).
Responsible for regulating intramural road traffic, the Integrated Mobility Management Center recorded 86,831 entries and exits on Sunday, race day, against 89,467 three years a year. Fewer people on the asphalt, therefore.
On the other hand, the occupancy rate of car parks is 15% higher at the weekend. For example, there were only 1,079 places available thirty minutes before the – theoretical – start of the race, compared to 1,244 in 2019.
At Port Hercule, 142 boats were authorized to anchor in the port enclosure, ie 13 more than three years ago. Note, moreover, that five cruise ships escalated the day of the ultimate rail battle with a total of 1,744 people on board.
In the air, too, attendance has increased, as noted by the Civil Aviation Authority.
At Fontvieille heliport, 2,400 helicopter movements were recorded for 5,075 passengers transported. “Compared to 2019, this makes +21% movements and +4% passengers”compare the princely government.
The hotels have full !
Full card for hotels. The first figures for the sector show an occupancy rate up by 3% and an average price of superior rooms by 18% compared to 2019, the last reference year. “The cumulative occupancy rates of 3, 4 and 5-star hotels over the four days of the Grand Prix are close to or equal to 100%”indicates the Monegasque executive.
The catering sector generally satisfied
A Welcome Office survey of restaurateurs reveals that 80% of them agree that the Grand Prix had a “positive, even very positive impact” on their activity. Inevitably, the establishments located in La Condamine and Monte-Carlo are the big winners of these four days of Formula 1 training. Although the clientele was mainly European, some fans had traveled from the United States and Latin America . “Merchants who noted some difficulties related to falling consumption or access difficulties also considered that attendance was high and that they had had a good Grand Prix”specifies the princely government.