The Turkish Formula One Grand Prix is expected to attract around 45,000 tourists and bring in around €50 million in revenues to Turkey.


Deloitte, a consultancy firm operating in Turkey, has prepared a report on the projected economic revenues from next weekend's Istanbul F1 race.


The report entitled "Formula One Economy: Turkish Grand Prix Istanbul" anticipates that the second Turkish GP will attract around 240,000 spectators, 45,000 of them from abroad and around 25,000 Turkish fans outside Istanbul.


The total expenditures of the F1 tourists and participant clubs, including accommodation and tickets, are expected to contribute around €50 million to the Turkish economy. Istanbul is to host Formula 1, the most watched motor sports organization in the world, on August 25-27 for the second time ever.


In August 2005, the Formula 1 Turkish Grand Prix 2005 was broadcast in 203 countries to an audience of around 2.2 billion. A crowd of nearly 100,000 were at the Istanbul Park circuit last August to see the inaugural Turkish Formula 1 GP, crowned with the victory of Finnish pilot Kimi Raikkonen driving for McLaren Mercedes.




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