Ticket sales for its 2020 Formula 1 US GP were considerably up before this coronavirus pandemic which forced its cancellation, Circuit of the Americas boss Bobby Epstein has shown.
Formula 1 eventually confirmed today that there’ll not be any races at the Americas this season, together with the US, Canadian, Mexican and Brazilian occasions all formally sanctioned.
It follows the decision by MotoGP promoter Dorna Sport earlier this month to cancel its Americas Grand Prix, which has been scheduled for November.
Texas was hit especially hard by the virus in recent weeks, and there have been industrial problems, together with the price of cargo proving prohibitively high if Austin have ended up as a standalone race.
COTA mentioned in a statement today that first ticket revenue for 2020 was upward by 250 percent, but Epstein stated it was looking better than that prior to the virus broke.
“That amount is conservative,” he told Autosport.
“Hopefully we have not lost a momentum, it is just postponed to 2021.
“Coming off last year’s sell-out, the urge for individuals to secure their chair for this season was terrific.
“Our residue for tickets, in addition to enquiries, were equally up significantly.
“It revealed I think we had finally got it directly from the perspective of being a destination occasion.
“The programs for this season we had mapped up including improved seats and updates to numerous regions.
“We had a true star acts lined up for the evenings that I believe would have helped us to keep the expansion.”
Asked why earnings were up, Epstein imputed the Netflix collection Drive to grapple with playing a role.
Daniel Ricciardo has said the show helped to place F1″on the map” from the USA.
“This was a mix of a couple items; one is that the game itself got a great deal of exposure through the Netflix series and we began to get a true heritage being established, together with individuals making it a large yearly event,” Epstein said.
“And that I also need to believe that the local community continues to adopt the event increasingly within the city’s yearly calendar.
“When those things come together, we see some achievement.”
Epstein added that he considers earnings can be preserved when the world return to normal.
“This cancellation doesn’t have anything to do with game, it’s all to do with health and safety and logistics,” he explained.
“I do not think we necessarily eliminate momentum. In reality you might assert that there’ll be pent-up demand”
Though the F1 race has been cancelled comparatively ancient, Epstein worried that it had a substantial affect on the company.
“The episode associated reduction was higher on MotoGP, since that has been closer to the case, when setup had already begun,” he clarified.
“There is no doubt that there is a reduction if not happening, since we’ve fixed prices, insurance and taxes and nothing to cancel them.”