NEWS
Russia 2018 World Cup: foreign fans spent €1.3bn during tournament
POSTED 23 Jul 2018 . BY Tom Walker
Overseas fans visiting Russia for the FIFA 2018 World Cup spent an estimated €1.3bn (US$1.5bn, £1.2bn) during the tournament, according to a report by Sberbank of Russia – a state-owned banking and financial services company.

Sberbank analysed usage of foreign credit cards during the World Cup, taking into consideration all credit cards purchases, cash payments and currency conversions within its network.

During the tournament, foreign citizens’ expenses in Russia doubled when compared to the same period in 2017 (between 14 June and 16 July).

According to its analysis, football fans spent most of their money on hotels and restaurants, with the largest expense surge registered in the sports goods segment.

Sberbank's report also shows that consumers have moved away from cash payments, with just 8.2 per cent of all expenses being covered by ATM cash withdrawals.

"Foreign fans were most active during the second week of the group stage," the report reads.

"In July, the level of representation of countries that had left the tournament fell as fans started leaving, but the overall volume of expenses remained at the same level as during the first two weeks of the tournament."

According to estimates, around 600,000 foreign fans arrived to Russia for the tournament, providing the country's tourism industry with a much-needed boost.

Russia spent heavily on preparations for the event – the biggest event the country’s held since the collapse of the Soviet Union – with the total cost of the tournament estimated at around US$11bn (€9.4bn, £8.4bn).

To read the Sberbank report in full, click here to download a PDF document.
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2018

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Leisure Management - Russia 2018 World Cup: foreign fans spent €1.3bn during tournament...
16 Aug 2018 Leisure Management: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

23 Jul 2018

Russia 2018 World Cup: foreign fans spent €1.3bn during tournament
BY Tom Walker

Brazilian fans at the Rostov Arena in Rostov-on-Don during the group stages

Brazilian fans at the Rostov Arena in Rostov-on-Don during the group stages

Overseas fans visiting Russia for the FIFA 2018 World Cup spent an estimated €1.3bn (US$1.5bn, £1.2bn) during the tournament, according to a report by Sberbank of Russia – a state-owned banking and financial services company.

Sberbank analysed usage of foreign credit cards during the World Cup, taking into consideration all credit cards purchases, cash payments and currency conversions within its network.

During the tournament, foreign citizens’ expenses in Russia doubled when compared to the same period in 2017 (between 14 June and 16 July).

According to its analysis, football fans spent most of their money on hotels and restaurants, with the largest expense surge registered in the sports goods segment.

Sberbank's report also shows that consumers have moved away from cash payments, with just 8.2 per cent of all expenses being covered by ATM cash withdrawals.

"Foreign fans were most active during the second week of the group stage," the report reads.

"In July, the level of representation of countries that had left the tournament fell as fans started leaving, but the overall volume of expenses remained at the same level as during the first two weeks of the tournament."

According to estimates, around 600,000 foreign fans arrived to Russia for the tournament, providing the country's tourism industry with a much-needed boost.

Russia spent heavily on preparations for the event – the biggest event the country’s held since the collapse of the Soviet Union – with the total cost of the tournament estimated at around US$11bn (€9.4bn, £8.4bn).

To read the Sberbank report in full, click here to download a PDF document.



Connect with
Leisure Management
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
US National Museum of Natural History’s Fossil Hall set for reopening
US National Museum of Natural History’s Fossil Hall set for reopening   16 Aug 2018

Kirk Johnson, museum director of the Smithsonian National Museum of Natural History in Washington DC, has announced its David H. Koch Hall of Fossils .... more>>
Kengo Kuma’s V&A Dundee: Drone footage shows finished building ahead of opening
Kengo Kuma’s V&A Dundee: Drone footage shows finished building ahead of opening   16 Aug 2018

The Kengo Kuma-designed V&A Museum of Design Dundee, Scotland’s first dedicated design museum, is set to open its doors in less than a month. Opening .... more>>
Jali-wrapped Bangalore naturopathy centre acts as a retreat in a ‘tight urban site’
Jali-wrapped Bangalore naturopathy centre acts as a retreat in a ‘tight urban site’   16 Aug 2018

In among the busy, loud and polluted streets of Bangalore, one might think it would be hard to find solace and practice wellness routines. However, .... more>>
Luxury Tenerife resort boasts 1,000sq m spa and wellness centre
Luxury Tenerife resort boasts 1,000sq m spa and wellness centre   16 Aug 2018

A new luxury resort on the Spanish Canary Island of Tenerife is home to a 1,000sq m (10,764sq ft) spa, among its 121 junior hotel suites and one, two .... more>>
F45 opens London office to help drive European expansion
F45 opens London office to help drive European expansion   16 Aug 2018

Australian fitness franchise F45 has opened European headquarters in Central London, as it looks to gather the pace of its expansion across the old .... more>>
Cooper Robertson appoint new director of architecture
Cooper Robertson appoint new director of architecture   15 Aug 2018

American architectural practice Cooper Robertson have made a swathe of in-house promotions, including the appointment of a new director of .... more>>
Company profile


Proinsight Research Ltd

Our main services are mystery shopping, internal audits and consumer research.

View full profile>>

Catalogue gallery


Featured Supplier

Open banking set to bolster gym member payments

Open banking set to bolster gym member payments

Open Banking is here, and the competition and market authorities say it will drive competition and innovation in retail banking. More>>




in this issue

• 1Rebel cycle concept is world's first
• Iconic Gold's Gym brand is up for sale
• Hospitality 'to generate £100bn' in 2018'



Latest jobs

Jobs Search



Personal Trainers
Salary: Self-Employed
Location: Romford, UK
Company: Everyone Active
Personal Trainers
Salary: Self-Employed
Location: Hornchurch, UK
Company: Everyone Active
Personal Trainers
Salary: Self-Employed
Location: Romford, UK
Company: Everyone Active
Diary dates
Powered by leisurediary.com




24 Apr - 26 Nov 2018

MAPIC Russia

Expocentre, Moscow, Russia



Leisure Management magazine 2018 issue 1
Leisure Management
2018 issue 1

View issue contents
View on turning pages
Download PDF
  Last word: The benefits of retreats
Research is showing retreats could have a positive health impact More>>
  Arts & Culture: The show must go on
When austerity hits hard, UK theatres adapt and get creative More>>


Leisure Management magazine 2016 issue 1

Leisure Management
2016 issue 1

View issue contents
View turning pages
Download PDF
  Disruption: Rule breakers
Leisure architecture that’s pushing boundaries and upturning expectations More>>
  Community: Bright Hart Lane
Grant Cornwell on the Tottenham Hotspur Foundation’s community work More>>


Published by The Leisure Media Company Ltd Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ. Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd