Gros Islet, St Lucia. 17 January 2018
The Hero Caribbean Premier League (CPL) total economic impact for 2018 has shown a 34% increase on last year. A total economic impact for the seven countries where the tournament had matches in 2018 was US$127,355,010, the first time that the tournament has had a positive economic impact in excess of US$100million.
This figure has been arrived at using organiser spend, visitor spend and media value and was calculated for Hero CPL by world-renowned researchers, SMG Insight.
In addition to that economic impact figure the Hero CPL employed 1,942 local personnel across all seven tournament locations and filled 37,037 hotel rooms during the 2018 event. The amount of money that was spent by visitors for Hero CPL rose again in 2018, reaching a total of US$24,735,209.
The value for the seven tournament locations in terms of media exposure was US$46,869,599, more than double the media value the tournament achieved in 2017, this increase was in part due to the new broadcast deals with Star Sports in India and Sky Sports in the UK.
Speaking about the report from SMG Insight the Hero CPL Chief Executive Officer, Damien O’Donohoe, said: “We set out to continue to have a positive impact on the Caribbean as one of our goals for the 2018 tournament and to see a 34% increase from last year is fantastic news for both Hero CPL and the region. The tournament has shown amazing growth over the last six years and is now a mainstay of the cricket calendar and a great way to showcase what the Caribbean has to offer. We plan for that to continue.”
Trending
- PRESS RELEASE – COVID 19 : Return of “compelling reasons” for travel to and from French West Indies
- Job Vacancy At Meridian Trust Company Limited- SENIOR FIDUCIARY & LEGAL OFFICER
- NRP calls on Federal Government to aid Nationals in devastated neighboring Islands.
- TDC Shipping Department – Change in Schedule Notice
- C43 – Miss Culture Swimwear
- Human Resource: CAREER OPPORTUNITY.
- Ministry of Social Development: Press Release.
- Sherry’s “RISE” an Afrocentric Fashion Production.
- Libra’s All White Full Moon Birthday Bashment 2016.
- I.R.D: Wheel Tax Notice.
- TRUST & FIDUCIARY SERVICES ADMINISTRATOR: Job Vacancy.
- I.R.D : Registration Renewal…
- T.D.C: Child Month
- The St.Kitts Music Festival Line Up….
- I.R.D: Property Tax..
- Development Bank marks 35th anniversary with renewed commitment
- Sherry’s Beauty World: Special…
- Brown Hill Communications…..Job Vacancy
- Sherry’s Beauty World: Special Runs for the month of April ( MASSAGES ).
- Digicel Play…D.B.H
- THE UWI OPEN CAMPUS, ST.KITTS & NEVIS.
- I.R.D: Consumer Information Notice.
- The Nevis Historical and Conservation Society: Job Vacancy.
- Morning Star Holdings Limited: Job Vacancy.
- “Celebrating 130 Years of Legacy: The St. Christopher National Trust Hosts Historic Train Rides
- A Recycling Culture: Recycling Fast Becoming a Norm in St. Kitts And Nevis
- CFBC To Host 6th Annual Poetry Circle on World Poetry Day -Thursday, March 21
- Patients And Medical Professionals in St. Kitts And Nevis to Benefit as The Lesser Antilles Medical Assistance Team (LAMAT) 2024 Mission Visits the Federation
- Cricket Results Of Matches in the T-20 Regional Women’s Tournament-Sunday 17th March
- Athletics: SKN Moves Nevis Chapter
- CCEMSS Wins 2024 TDC Interschool Championships in Front of a Packed Nevis Athletic Stadium
- Football : Sixteen Goals Scored in Latest NBGC Premier League Matches
- Prime Minister Drew and Volunteers Enhance JNF General Hospital Foyer in Continued Efforts for Healthcare Improvement
- St Kitts & Nevis Weather for Tuesday 19th March 2024