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HEADLINE: Hero CPL generates huge economic impact for Guyana after the country hosted the finals in 2022
CaribbeanCricket.com
Feb 21, 2023, 10:23:40 AM
The 2022 Hero Caribbean Premier League (CPL) generated a huge economic impact for Guyana as the country hosted the finals for the very first time as part of the newly created Cricket Carnival.
The total economic impact for Guyana in 2022 was US$84,425,587, a 186% increase on the figure from the last time the country hosted Hero CPL matches in 2019.
The vision of His Excellency Irfaan Ali in showcasing the country’s many creative and social attributes whilst making the country the entertainment capital of the region for two weeks in September, led to the most successful hosting of any CPL finals. Businesses across the country benefited from the significant uplift of in-bound tourism during September last year, as people travelled to be part of the Biggest Party in Sport. The fans certainly didn’t disappoint with almost 50,000 attending the playoff games alone.
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cumberland
Feb 21, 2023, 10:32:23 AM
Say what you like about the CPL, its stakeholders have solid reasons for continued interest and input.
It would be instructive if CWI did a similar public report on the economic impact of the cricket it administrates for say the last 3 years.
bird
Feb 21, 2023, 12:05:28 PM
In reply to cumberland
now there is a lots pressure, how do you top that, but I am so happy to hear it was a success, was worried might have been in vain
cumberland
Feb 22, 2023, 12:02:24 PM
In reply to bird
I suspect anything that draws a crowd cannot be in vain.
Larr Pullo
Feb 22, 2023, 1:29:58 PM
camos
Feb 22, 2023, 1:34:32 PM
In reply to CaribbeanCricket.com
The annual CPL advertisement to seduce regional governments to spend money for their benefit.
StumpCam
Feb 22, 2023, 2:00:42 PM
JOJO
Feb 22, 2023, 3:24:52 PM
In reply to camos
The annual CPL advertisement to seduce regional governments to spend money for their benefit.
This is such a bullshit study on so many levels. But the sad fact is that there are politicians in the region who buy this nonsense
and it is usually against the better advice of their own policy analysts.
cumberland
Feb 22, 2023, 5:47:19 PM
Ah well! the ICC T20 WC is coming to the WI in 2024. Let's see CWI upstage CPL and show them a thing or two! Let us see some real "impact".
doosra
Feb 22, 2023, 6:00:53 PM
yea Exxon move aside
ray
Feb 22, 2023, 6:48:11 PM
In reply to JOJO
why is a BS study?
50K people spending an average $1500.00 each will get you to 75 mil...
I sure they spend more than that
doosra
Feb 22, 2023, 6:56:06 PM
In reply to ray
is that 1500 USD?
Kay
Feb 22, 2023, 7:28:59 PM
186% increase on the figure from the last time the country hosted Hero CPL matches in 2019.
Maybe 2019 was really bad ...
doosra
Feb 22, 2023, 8:15:33 PM
In reply to Kay
oil money nah bin a flow yet
camos
Feb 22, 2023, 8:25:29 PM
with one metric showing a total of 25,783 hotel room nights filled across the tournament, a 236% increase on the figure from 2019.
Are they taking credit for all the hotel rooms used in GT during the period, or the above number was just a fraction of rooms occupied during that time? Hotel dollars are elusive, most do not come in the country!
doosra
Feb 22, 2023, 8:43:54 PM
In reply to camos
they need to show the methodology...
Headley
Feb 22, 2023, 8:52:21 PM
ray
Feb 22, 2023, 8:57:31 PM
In reply to doosra
yeah bai...US money
Ah sure all these big stagers drop some big bucks during that time
ray
Feb 22, 2023, 8:58:30 PM
Spending $1500 US while on vacation is very easy
camos
Feb 22, 2023, 9:10:05 PM
In reply to ray
the hotel room stat tells they were less than 3500 visitors for the two weeks.
doosra
Feb 22, 2023, 9:59:06 PM
In reply to ray
1500 is 300k gt dallas so not a lot actually...sure bigstagers burned a lot more
Kay
Feb 22, 2023, 10:22:22 PM
In reply to camos
the hotel room stat tells they were less than 3500 visitors for the two weeks.
Most Guyanese visiting usually stay with relatives or very close friends and it is not about saving hotel money.