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Thu 10 Jan 2019 10:22 AM

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Video: What are the economic benefits of football?

Success on the football pitch and in winnings the rights to host events can help boost GDP, retail sales and tourism figures, according to a new report from the Dubai Sports Council launched for the Dubai International Sports Conference.

The report, which covered a number of economic factors linked to football, found that there was a boost of between $2.4 and $4 million to domestic consumption in World Cup hosts Russia during the event.

Additionally, a total of 1.5 million tourists travelled to Russia for the event, each of whom is estimated to have spent an average of between $5,000 and $8,000 on accommodation, food, entertainment and souvenirs.

The report also found that there was a 1 percent increase in Russia’s average per capita income during the event.

The report also noted that Croatia – which came in second place at the event after falling to France in the final – experienced an immediate surge in interest from potential tourists, with the website of the Croatian National Tourist Board experiencing a 250 percent increase in visitors on the day of the final.

The report noted that this was likely at least partly driven by a promotional campaign featuring players from the country’s national team.

In France, the report found there was a 40 percent increase in the number of TV sets sold in France between May and June 2018. Additionally, during June, there was a 20 percent recovery rate in French restaurants.

(Source: Arabianbusiness.com YouTube channel)