Flashscore and University of Economics in Prague forecast impact of IIHF World Championship

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Flashscore and University of Economics in Prague forecast impact of IIHF World Championship

The Czech team line up after winning the final on Sunday
The Czech team line up after winning the final on SundayProfimedia
Flashscore, a leading provider of real-time sports updates, in collaboration with the Department of Tourism at the University of Economics in Prague, has released a forecast about the economic impact of the 2024 Ice Hockey World Championship.

Building on data from the 2015 championship, this analysis anticipates a significant economic boost for Prague after the event.

2015 Championship recap

The 2015 Ice Hockey World Championship was a monumental event, drawing 741,690 spectators over 64 matches.

Ticket prices ranged from 7,7 EUR for less attractive matches to 364 EUR for the final. The event significantly boosted local tourism, particularly from Slovakia, Germany, and Austria, with foreign spectators making up 32% of the attendees. The economic impact was profound, with total consumption reaching 133,5 million EUR, predominantly driven by foreign visitors. 

2024 Championship projections

The 2024 championship saw a modest increase in spectators to 797,727, a 7.6 % rise from 2015. However, the most notable change is the sharp rise in ticket prices, which have nearly doubled. Quarter-final tickets ranged from 160 EUR to 282 EUR, while finals tickets were between 364 EUR and 525 EUR.

Economic forecasts predict a substantial impact, with the total contribution estimated at 214,5 million eur. Foreign visitors are expected to contribute between 109 and 117 million EUR. This projection takes into account significant increases in the consumer price index and the accommodation and catering segments, which have seen rises of 187% and 156.1%, respectively, since 2015.

The Department of Tourism at the University of Economics in Prague will continue to monitor and analyse the data after the event to provide more precise economic impacts.

About Flashscore

Flashscore is a leading provider of live scores and sports information, delivering real-time updates and detailed statistics for a wide range of sports. Flashscore’s extensive coverage and accurate data make it a valuable resource for sports enthusiasts globally.

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