Following India’s dramatic triumph over New Zealand, cricket fans are looking forward to the last match of the much-anticipated ICC World Cup 2023 on November 19 at the Narendra Modi Stadium in Ahmedabad.
With a huge number of cricket fans intending to cheer for India at the ICC World Cup final in Ahmedabad, accommodation costs and transit tickets to the city have skyrocketed.
Since the match’s announcement, there has been a sharp increase in the cost of lodging in the city. Furthermore, the price of aircraft tickets to Ahmedabad soared by more than 100 times for periods close to the World Cup final.
It became difficult for Indians to clinch their places in the ICC World Cup 2023 final over a month ago, even before India could secure its spot. According to Moneycontrol, hotel ticket costs went from $24,000 per night to an astronomical $2,15,000 per night in October.
A modest hotel room in Ahmedabad could cost roughly 10,000 rupees for one night. However, for four and five-star accommodations, customers must pay Rs. 1 lakh for a single night in the city, according to MC.
During the India-Pakistan cricket match in Ahmedabad, hotel and flood costs increased. At the time, hotel and ticket costs skyrocketed.
Hotel prices have risen dramatically on booking services such as Booking.com, MakeMyTrip, and Agoda.
The ICC Men’s Cricket World Cup is a widely anticipated event in the cricket world, and the 2023 edition is no exception. Notably, this competition is unusual in that it is the first time India has hosted a One-Day World Cup Cricket tournament wholly on its own.
While India has previously co-hosted this renowned event in 1987, 1996, and 2011, this time it is the only host country, garnering substantial attention to the tournament’s financial implications.
Aside from the exhilarating performances of teams and individuals, there is rising interest in the ICC World Cup 2023 expenditures, earnings, and financial complexities. People want to know who gains the most, who pays the most, and what benefits India as the host country receives.
For the World Cup Cricket, the ICC acquires a range of sponsors, including worldwide advertisers, social media sponsors, and category-specific sponsors.
Each sponsor is expected to donate between USD 30 and $40 million to ICC. Sponsors extensively display their logos and marketing around the stadium and on the field.