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Sold out hotels and spike in beer sales: How the Cricket World Cup could boost India's economy - TL;DR CNBC

Sold out hotels and spike in beer sales: How the Cricket World Cup could boost India's economy

Publishing timestamp: 2023-10-19 00:31:00


Summary

The article discusses the economic impact of the Cricket World Cup in India, with a focus on sectors such as travel, hospitality, food and beverage, and media advertising. It mentions the surge in demand for flights, hotel rates, and food delivery services. The article also highlights the potential increase in alcohol sales and the sponsorship and advertising revenues generated by the event. However, it criticizes the organizers for the mismanagement of ticket sales and low attendance at stadiums.


Sentiment: MIXED

Tickers: BKNGKOZOMATO-INUNDEFINEDRADICO-IN

Keywords: sri lankacoca-cola cobooking holdings incadvertisingcricketzomato ltdindiasportsfood and drinkunited spirits ltdbusiness newsicc cricket world cupradico khaitan ltd

Source: https://www.cnbc.com/2023/10/19/icc-cricket-world-cup-2023-how-it-can-help-boost-indias-economy.html


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