Australia, New Zealand enjoy big economic payback from World Cup

Published June 30, 2015
Australian captain Michael Clarke holds aloft the trophy with his teammates as they celebrate their seven-wicket win over New Zealand in the Cricket World Cup final. — AP/File
Australian captain Michael Clarke holds aloft the trophy with his teammates as they celebrate their seven-wicket win over New Zealand in the Cricket World Cup final. — AP/File

SYDNEY: The cricket World Cup co-hosted by Australia and New Zealand this year was the most popular ever and generated USD 844 million in economic benefits, an official analysis showed Tuesday.

Fourteen teams played in the hugely successful tournament in February and March, with Australia winning a fifth world crown after beating New Zealand by seven wickets in front of a record crowd of 93,013 at the Melbourne Cricket Ground.

An economic impact and benefits analysis by PricewaterhouseCoopers showed the event generated more than Aus$1.1 billion in direct spending and created 8,320 full-time jobs.

More than one million fans attended games, with 145,000 international visitors, mostly from Asia, with wide media coverage around the world.

Cricket World Cup 2015 chief executive John Harnden said the direct spending converted into an increase in gross domestic product of Aus$460 million across the two countries.

“This was the biggest event in Australia since the Sydney Olympics in 2000 and it has changed cricket in New Zealand forever,” he said, adding that hotels in the two countries benefited from two million bed nights — a measure of occupancy representing one bed for one night.

Harden said saturation coverage on television and other digital platforms from the 14 host cities “not only showcased the best of Australia and New Zealand but has enhanced the tournament's reputation as a major global driver for economic and community benefit”.

International Cricket Council chief David Richardson hailed the tournament as an outstanding success that “proved that cricket was not only popular across both countries but a significant contributor to the local economies”.

“The ICC cricket World Cup 2015 was the most popular ever played,” he said. The tournament saw 49 matches, of which 20 were sold out, played over 44 days.

Opinion

Editorial

Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...
Under siege
Updated 03 May, 2024

Under siege

Whether through direct censorship, withholding advertising, harassment or violence, the press in Pakistan navigates a hazardous terrain.
Meddlesome ways
03 May, 2024

Meddlesome ways

AFTER this week’s proceedings in the so-called ‘meddling case’, it appears that the majority of judges...
Mass transit mess
03 May, 2024

Mass transit mess

THAT Karachi — one of the world’s largest megacities — does not have a mass transit system worth the name is ...