Women Spending в‚¬140m on UEFA EURO 2008в„ў, Says MasterCard Study
Women are playing a key role in UEFA EURO 2008в„ў, contributing at least в‚¬140 million to commerce around the tournament, according to a comprehensive economic study commissioned by MasterCard, Official Sponsor of the UEFA European Football Championshipв„ў since 1992.
Women will be responsible for an economic boost equivalent to more than в‚¬4million per game, according to the study. The figure consists of female spending on football related items, such as on merchandise, food and beverages, accommodation, transport and television sets. The study also notes that women are also likely to spend more away from football on retail therapy, holidays and entertainment, while UEFA EURO 2008в„ў is on.
Given socio-cultural differences between European nations, the new study suggests that women will account for approximately 10 percent of the total economic impact of the tournament, which MasterCard research predicts will be at least в‚¬1.4billion. In some countries, such as Germany or Sweden, women can account for upwards of 30 percent of the local economic impact.
The new research highlighted that the size of the economic impact of women is partly due to the football industry waking up to the commercial potential of female support. Women engaging with football have been found to be more likely than their male counterparts to buy replica strips, and actively participate in competitions. Top football players are now icons that cut across a wide range of markets accessible to females, such as Cristiano Ronaldo, Thierry Henry, Gianluigi Buffon, Alessandro Del Piero, Luca Toni, Andrey Arshavin, driving sales to some women of items such as posters and consumer magazines featuring footballers and their personal lives.
Since the big UEFA EURO 2008в„ў kick-off, female fans have been prominent among the throngs enjoying themselves in Fan Zones throughout Austria and Switzerland prior to their teams' matches. While female fans at the tournament are busy spending on replica shirts, face-painting and food, women following the games from home will contribute to increased newspaper and magazine sales, replica shirts and trips to bars, pubs and shops.
CONSUMER SPENDING IMPACT OF THE TOURNAMENT
A previous study in 2004, in the year of the last UEFA European Football Championshipв„ў in Portugal, found that the top four expenditure items at sporting events were tickets, food, accommodation and transport. MasterCard's latest research adds spending on merchandise and attractions in host cities to the list for UEFA EURO 2008в„ў. The addition of these two items partly reflects the impact of increased female participation in trips to major football tournaments.
The MasterCard study also predicts a consumer and commercial spending upsurge in sales of sponsors' products and services, electronic and print media advertising, telecommunications and new media services, sports apparel and equipment, magazines and newspapers, official merchandise and memorabilia and betting and gambling services.
Linked to driving commerce, the new research also suggests that UEFA EURO 2008в„ў will influence participation in football, generate a transnational and local 'buzz', increase brand equity for nations and organisations involved, increase fan equity - the emotional link between a fan and their team, and international goodwill and respect.
Paul Meulendijk, Head of Sponsorship, MasterCard Europe, said:
"UEFA EURO 2008в„ў is proving once again that football is a truly universal sport, watched by men and women in Europe and across the world. Our research at the heart of football commerce shows that females are making a significant economic contribution - upwards of в‚¬4m every game - thanks to UEFA EURO 2008в„ў.
"On a broader basis, our research shows there is huge interest in Austria and Switzerland – in the stadiums, at the Fan Zones in each city, and in bars and restaurants, as well as with sales of televisions and food and beverages to watch the games back home around Europe. Ultimately, the tournament is providing priceless moments to fans and a concrete boost to the economy."
Professor Simon Chadwick, one of the world's leading sport business experts who conducted the MasterCard research, said:
"This research clearly demonstrates the rising financial significance of females in the football industry. Whether women are committed fans or spending elsewhere around the big games this summer, the fairer sex is making an important economic contribution. The football industry is waking up to the spending power of female supporters and is increasingly adapting their products to suit them.
"With no clear favourite for UEFA EURO 2008в„ў, it is proving to be an intriguing tournament, and its economic and commercial impact is no less interesting. We are already seeing countries captivated by the spectacle on the pitch and that has a direct impact on consumer spending. As confidence grows throughout the championship for teams that progress, the same applies to consumers - fans - back home and in Austria and Switzerland, who will play a huge role in contributing to an overall economic impact of в‚¬1.4billion for the tournament."