This year’s Vodafone Rally de Portugal generated an economic revenue of 109.522 million Euros.
The Algarve University study for the 2014 edition of the Rally shows that more than half of the revenue – 54.9 million Euros – stands for direct expenses, of which more than 50% produced by non-nationals. This means an increase of 7.7 millions in comparison to 2013 and 11.7 millions more than in 2011.
At the same time, the indirect revenue of the event – resulting from the rally’s visibility on the media – has generated an impact of 42.943 million Euros abroad and 11.643 millions in Portugal.
The study by the International Territory and Tourism Research Centre of the Algarve University, directed by Fernando Perna, shows a constant growth pattern of the Automóvel Club de Portugal event in terms of economic impact. Since 2010, the first year the Rally was held in the Algarve, the revenue has grown from 85 million to this year’s almost 110 million Euros.
Adding to this, the study clearly shows that tourists visiting Portugal to attend the event have generated, through indirect taxes over consumption, a minimum revenue of 74.1 million Euros for the State over the seven editions for the World Rally Championship. This amount represents a revenue of 54.45 Euros for each of the 6.4 million Euros of state funds payed between 2007 and 2014
This year’s Vodafone Rally de Portugal generated an economic revenue of 109.522 million Euros.
The Algarve University study for the 2014 edition of the Rally shows that more than half of the revenue – 54.9 million Euros – stands for direct expenses, of which more than 50% produced by non-nationals. This means an increase of 7.7 millions in comparison to 2013 and 11.7 millions more than in 2011.
At the same time, the indirect revenue of the event – resulting from the rally’s visibility on the media – has generated an impact of 42.943 million Euros abroad and 11.643 millions in Portugal.
The study by the International Territory and Tourism Research Centre of the Algarve University, directed by Fernando Perna, shows a constant growth pattern of the Automóvel Club de Portugal event in terms of economic impact. Since 2010, the first year the Rally was held in the Algarve, the revenue has grown from 85 million to this year’s almost 110 million Euros.
Adding to this, the study clearly shows that tourists visiting Portugal to attend the event have generated, through indirect taxes over consumption, a minimum revenue of 74.1 million Euros for the State over the seven editions for the World Rally Championship. This amount represents a revenue of 54.45 Euros for each of the 6.4 million Euros of state funds payed between 2007 and 2014