The Monaco Grand Prix is one of the most attractive sporting events in the world. For four days all the cameras are turned towards the Principality, not only for the competition, but also for the atmosphere and the spectacle that surrounds it. The appointment not to be missed, this year from May 24 to 27.
Formula 1 is considered the premier category of motor sport. Every year, seven million people attend the races and spend a lot of money on it. The circuit of Monaco is one of the oldest, designed in 1929, and one of the three most prestigious races in the world. Every year the city hosts an average of 100,000 visitors for this flagship event, attracting more tourists than many other sports such as a Rugby World Cup, or even a Champions League final. But what makes this race different from all the others?
The only circuit truly in town
At the logistics level, the Monaco Grand Prix is an exception. Located in the heart of the city, the circuit follows the same lines as those used by motorists all year round. The construction of the circuit begins seven weeks before the start of the competition, only the place of the Casino is arranged at the last moment so as not to hinder the access of tourists. With the works of development the circulation in town becomes “painful”, a new signaling, roads barred, the setting up of the bleachers, all these factors upset the daily life of the Monegasque residents. Without forgetting, of course, the massive influx of tourists: from 35,000 to almost 200,000 people over a weekend, which has an impact on travel. To avoid these frequent slowdowns many people leave the city to find calm elsewhere. Some of them benefit in particular to rent their apartments at this time. The circuit is in the heart of the city, some buildings enjoy a privileged visibility, for which tourists are willing to pay a lot.
Monaco show and business
Monaco has become the most expensive city in the world. More than a tourist magnet, it’s a magnet with fortunes! And obviously attending the Monaco Grand Prix is not
given to everyone. The housing, the places, and the standard of living, all being overpriced, this fact that this show attracts not only tourists, but also a lot of money.
Not far from the circuit, the yachts clutter the port, so much that many ships are anchored offshore. The Hotel de Paris, perfectly located, opposite the Casino, is crowded. The bars and boxes on the port, off the circuit, also take advantage of their location to make a maximum profit, where a place for testing reaches 300 € or more. Around the competition we breathe luxury, abundance, and a festive atmosphere sometimes takes over the race, which very quickly becomes an excuse to make a trip to the Principality.