The upcoming Formula E race on 25 February would substantially impact the local economy, the Western Cape government announced on Wednesday after releasing its findings of a report into the potential income an event of such magnitude would generate.
, a travel marketing platform, around 37% of domestic and international travellers looking to attend the Cape Town e-Prix have looked at accommodation options more than three months ahead of the event, with 31% of all travellers booking their accommodation one to three months ahead of the travel date.
As such, Sojern says that hotels in Green Point are fully booked over the e-Prix weekend, allowing accommodation vendors, tourist attractions, and tour operators to capitalise on the many opportunities. "The benefits of this event, and many like it, go beyond a once-off economic boost. Formula E will be hosted in Cape Town for the next 10 years and will also provide a perfect platform to boost sports tourism to the province," Wenger adds.
The staging of the Cape Town e-Prix will impact not only the local economy and tourism but also the broader South Africa. The race will showcase South Africa as a must-visit destination, with Table Mountain and Robben Island in the back- and foreground of what promises to be an exciting race.We live in a world where facts and fiction get blurred
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