Join Now  | 
Home About Contact Us Privacy & Security Advertise
Soccer America Daily Special Edition Around The Net Soccer Business Insider College Soccer Reporter Youth Soccer Reporter Soccer on TV Soccer America Classifieds
Paul Gardner: SoccerTalk Soccer America Confidential Youth Soccer Insider World Cup Watch
RSS Feeds Archives Manage Subscriptions Subscribe
Order Current Issue Subscribe Manage My Subscription Renew My Subscription Gift Subscription
My Account Join Now
Tournament Calendar Camps & Academies Soccer Glossary Classifieds
Fear of World Cup fan shortage
Bloomberg, March 23rd, 2010 1:38AM
Subscribe to Section 2 Around the Net


MOST READ
TAGS:  world cup


In the latest update on fears that fans aren't lining up to attend this summer's World Cup in South Africa, Mike Cohen reports that three months before the June 11 kickoff, about 100,000 international air tickets have been sold, the international visitor estimate has been cut to 350,000 from 450,000, and the expected contribution to economic growth has been halved.

South Africa has spent $4.6 billion to host the tournament, including building 10 world-class stadiums. “When the World Cup was awarded to us in 2004, the economic situation was completely different,” Sports Minister Makhenkesi Stofile said. “We have to revisit those projections and be realistic.”

Low attendance would be a blow to the government's efforts to expand the tourism industry and revive consumer spending following the country’s first recession in 17 years. The Ministry of Finance said on March 17 that the tournament would boost gross domestic product by about 0.5 percent this year, half of what was projected before the global recession.

Because of a lack of demand, MATCH Services AG, which FIFA contracted with to supply ticketing and accommodation services for the tournament, has relinquished rights for more than 450,000 nights of hotel room bookings. Sales of corporate hospitality packages were 50 percent short of the target.

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now


AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Confusion Reigns Over Neymar's Price     
According to reports in Spain, the going rate for Barcelona target Neymar has suddenly jumped: Marca ...
UCL Spots Up for Grabs This Weekend    
Arsenal and Tottenham aren't the only two teams fighting for the final UEFA Champions League berth ...
Ferguson: 'I Pressured Referees'    
Ahead of his final game in charge of Manchester United this weekend, Alex Ferguson admits that ...
Media Reacts to Beckham's Retirement    
Global media have spent the last 24 hours eulogizing (and in some cases, criticizing) David Beckham's ...
Kidd to Stay on Despite City Exodus    
Brian Kidd, Manchester City's caretaker manager for the remainder of the season, said that the firing ...
Falcao to Monaco '90 Percent Certain'    
Radamel Falcao, the sought-after Atletico Madrid striker who has long been at the top of Chelsea ...
Copa Lib: Riquelme Golazo Fires Boca to Quarterfinals    
A breathtaking goal from veteran Juan Roman Riquelme proved to be the difference as Boca Juniors ...
Benitez Gets His Trophy, Lampard Gets His Contract    
In the end, Chelsea interim coach Rafael Benitez finally received some recognition from the club's supporters, ...
Beckham Announces Retirement    
Former Los Angeles Galaxy midfielder David Beckham announced on Thursday that this season would be his ...
Malaga to Release City Target Pellegrini     
Malaga on Tuesday confirmed that Manuel Pellegrini is free to leave the Spanish club this summer. ...
>> Section 2 Around the Net Archives