The Monaco Grand Prix, a must-see event in the world of motorsport, is a major economic and media driver for the Principality. Every year, this competition draws between 200,000 and 300,000 visitors over four days, attracting both motorsport enthusiasts and those seeking a vibrant festive atmosphere.
Organizing the Grand Prix involves nearly 3,000 people, including 750 marshals and 700 security agents, as well as numerous paramedics and medical staff. The logistical requirements are impressive: 22 kilometers of safety rails and 20,000 square meters of fencing are installed along the 3.337-kilometer circuit, and the grandstands alone require 1,100 tons of equipment.
On the media front, the Grand Prix is broadcast in 80 countries and watched by around one billion viewers, providing valuable global exposure for Monaco. This coverage also helps attract tourists; many discover the Principality through the event's footage and consider Monaco for their next vacation.
The economic impact is equally significant: hotels and restaurants are fully booked, with prices soaring, and some establishments generate up to 30% of their annual revenue in just a few days. In 2017, the Grand Prix generated 90 million euros in economic benefits for Monaco.
Finally, balconies, terraces, and yachts around the circuit become luxury viewing platforms, offering a unique way to experience the event, with prices often reaching several thousand euros.