No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeCosta RicaCosta Rica's World Cup qualification would boost economy by $18 million

Costa Rica’s World Cup qualification would boost economy by $18 million

Costa Rica will play a decisive match against New Zealand on June 14. La Sele will fight for a spot in the upcoming World Cup to be held in Qatar, in November. It is no secret Costa Rica is a soccer-loving nation, and the passion for the national team is immeasurable.

According to a study conducted by Francisco Navarro, an academic at the School of Business Administration from the University of Costa Rica, if los Ticos achieve the feat, World Cup fever would return and this would boost the national economy by $18 million.

The sponsors of the Costa Rican Soccer Federation, the media and some goods and services companies, will benefit tremendously from the soccer team’s qualification, as assured by Navarro in his report.

For these businesses, securing a spot in the World Cup is key, as they see sponsorship as an investment in their brand image, which is exploitable depending on the emotion created and perception it produces for the public.

In fact, according to sports marketing theory, a good combination between the sponsoring company, the team and the event in which it participates, generates revenue not only through brand exposure, but also through purchase interest.

The economy will also be boosted, because people gather to watch the games at restaurants, bars or hotels, or organize get-togethers at home with friends and family, often buying food and drinks. Additionally, ticos buy merchandise from the national team and are willing to purchase different items to enjoy the games and all the expenses that this entails.

“It is clear that the best possible scenario for the national economy is the presence of the National Team in the World Cup in Qatar in November. If this is not achieved, it will not cause a great economic debacle, but several sectors would be missing out on the possibility of generating more resources and employment”, the study concluded.

The expert commented having several match dates is an advantage, because it keeps people interested and, as long as Costa Rica continues to play, fans will become fascinated and are likely to be drawn to everything that has to do with the marketing of those goods and services linked to the World Cup experience.

Trending Now

Mexico Battles Wildfire Damage with Drone-Based Reforestation

Authorities in the state of Michoacán, in western Mexico, are using drones to scatter seeds from the air in an effort to reforest hundreds...

El Salvador Schools Enforce Military-Style Uniform Inspections

El Salvador's public schools will start enforcing daily inspections for students' uniforms and haircuts from August 20, as ordered by the new education minister,...

Costa Rica Issues Green Weather Alert as Heavy Rains Expected

The National Emergency Commission (CNE) has declared a green weather alert across Costa Rica due to the expected increase in rainfall over the coming...

Former Costa Rican President Miguel Ángel Rodríguez Faces Trial

Miguel Ángel Rodríguez, who served as Costa Rica’s president from 1998 to 2002, returned to court on today, to face charges in the so-called...

Costa Rica President Confronts Calls to Strip Immunity

Costa Rican President Rodrigo Chaves denounced today an “attempted judicial coup” as he appeared before a congressional committee that must recommend to the full...

FBI Recordings Reveal Costa Rica Ex-Minister Celso Gamboa’s Drug Ties

Costa Rican authorities continue to hold former security minister Celso Gamboa in custody as U.S. officials push for his extradition on drug charges. Recent...
spot_img
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica