Industry News

F1 ticket sales are racing ahead

 

Formula One saw a 6% year-on-year rise in ticket revenues during 2015.

The motorsport series generated $644.7m (€585.7m) during the period, which was up on the $606.4m recorded in 2014, according to figures released in the Formula Money Grand Prix Attendance Report.

The data also shows the long-term resilience of F1 as its total ticket revenue increased 35% over the past decade from $478.1m in 2006, leading to total combined ticket revenues of $6.2bn over the 10-year period.

Analysis of the highest and lowest ticket prices for every race from 2006 to 2015 shows that total receipts have risen by an average of 4.2% annually despite a growing number of competing leisure options and a dip in attendance due to the 2008 recession.

Cumulative attendance at F1 races hit a low of 2.7m in 2009 in the wake of the global economic downturn. It has been boosted since then by the addition of new races and growth in the existing ones.

Posted in Industry News