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Prices and FIFA restrictions are holding back sales
MX🏛️ Politics6 days ago

Prices and FIFA restrictions are holding back sales

Businesses, restaurants, hotels, and other tourism-related sectors sold less than expected during the first weeks of the World Cup, according to surveys by business organizations. This decline is attributed to legal restrictions on using FIFA logos and brands, fees for broadcasting matches, high prices, and the limited number of games scheduled in Mexico, analysts told El Universal. Only 11.6% of businesses from the Confederation of National Chambers of Commerce, Services and Tourism (Concanaco-Servytur) reported higher sales during the event’s opening week. The majority, 54.7%, reported similar sales to usual, while 22.1% saw declines. The National Chamber of the Restaurant and Seasoned Food Industry (Canirac) noted that only half of the restaurants reported above-average sales, with an average spending of 251 to 600 pesos per person. Analysts suggest that consumers are being more cautious with their spending due to rising costs of food, services, and daily expenses, leading families to prioritize essential purchases over entertainment. The chief economist at Finamex estimated the economic impact of the World Cup to be minimal, around 0.2 percentage points, due to fewer games and

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1 reports

El Universal logoEl UniversalIndependentCenter6 days ago
Prices and FIFA restrictions are holding back sales

Businesses, restaurants, hotels, and other tourism-related sectors sold less than expected during the first weeks of the World Cup, according to surveys by business organizations. This decline is attributed to legal restrictions on using FIFA logos and brands, fees for broadcasting matches, high prices, and the limited number of games scheduled in Mexico, analysts told El Universal. Only 11.6% of businesses from the Confederation of National Chambers of Commerce, Services and Tourism (Concanaco-Servytur) reported higher sales during the event’s opening week. The majority, 54.7%, reported similar sales to usual, while 22.1% saw declines. The National Chamber of the Restaurant and Seasoned Food Industry (Canirac) noted that only half of the restaurants reported above-average sales, with an average spending of 251 to 600 pesos per person. Analysts suggest that consumers are being more cautious with their spending due to rising costs of food, services, and daily expenses, leading families to prioritize essential purchases over entertainment. The chief economist at Finamex estimated the economic impact of the World Cup to be minimal, around 0.2 percentage points, due to fewer games and

Bias read (Center): The article presents a balanced view of the economic impact of the World Cup on Mexican businesses, citing multiple analyses and reports without overtly favoring any particular perspective. It includes quotes from various experts and organizations, providing a comprehensive overview of the situation

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