Original article by John Stensholt
The Australian Financial Review – Page: 3 : 13-Mar-15

It is estimated that it has cost Melbourne about $A467m to host the Australian Formula One Grand Prix over the last two decades. The race generated a loss of $A59.9m in 2014, and Australian Grand Prix Corporation CEO Andrew Westacott expects a similar loss in 2015. He adds that the race has a flow-on effect for sectors such as accommodation, with hotels’ occupancy rates rising substantially due to the influx of interstate and overseas visitors

CORPORATES
AUSTRALIAN GRAND PRIX CORPORATION, AUSTRALIAN FORMULA ONE GRAND PRIX, UBS AG, BENTLEY MOTOR CARS