Whether or not you are into Horse Racing there is an undeniable buzz in the air in Prestbury, Cheltenham and Gloucestershire as The Festival approaches. The statistics surrounding the Cheltenham Festival are quite staggering, here are just a few:
The economic benefit to the county is estimated at around £100 million
In 2016 236,472 pints of Guinness were consumed on the course
£2.3 million is taken out of cash machines in the town
Approximately 10,000 Irish racing fans come to the Festival
134,600 travel through the town’s train station
20,000 bottle of champagne are served at the racecourse
1 ton of beef is eaten on the course
The shuttle buses from the town centre to the course make 80,000 journeys
A typical jockey will consume no more than 1,500 calories in a day
The race meeting is also a focal point for Marketing of all kinds. For over a week now the betting companies have been promoting their Festival offers and there will be all kinds of stunts from them during the week to get their brand in front of the racegoers. The picture that accompanies this blog is of the giant Hollywood style Paddy Power sign put up on Cleeve Hill overlooking the course in 2010. Local pubs go to great lengths to promote their racing breakfasts. The local council offers free parking in its car parks to tempt shoppers into the town centre during the lull when the punters are at the racecourse and the Business Improvement District runs a competition for the best racing themed window.
Aside from the direct economic impact, what is the value to the town of being “put on the map” by this event? It is very difficult to estimate this, but a campaign to raise this level of name and brand awareness of Cheltenham would most certainly cost millions.
In the ten years of running Prestbury Marketing we cannot recall receiving an enquiry from a business or business person whilst they were visiting Prestbury for the racing, but maybe this year will be the year? If you or your business need help with your marketing or PR then feel free to get in touch.