According to the Bank of America, the tournament helped fuel the strongest surge in consumer spending in more than four years. Host cities like Kansas City saw the biggest increases in spending as fans flocked to bars, restaurants, and local businesses; and those fans are also spending 5% to 6% more than a year ago.
According to CNBC and Bloomberg, the boost from World Cup is also having a spillover effects, reaching sectors like hospitality, transportation, entertainment, retail, and financial services.
Analysts said the economic impact of World Cup will continue even after the tournament has ended, thanks to returning tourists, global visibility for host cities, and more investment in infrastructure and services.
