The two events are among world motorsport’s most anticipated fixtures, attracting visitors from all over Australia and the world.
They keep Phillip Island’s bars, restaurants and hotels busy, and provide new opportunities for Gippsland’s tourism operators and small businesses.
“Our motorsports events at Phillip Island are flagship dates on our calendar, and they’re going nowhere. Phillip Island will remain at the centre of world motorsport for many years to come,” Victoria’s Minister for Tourism and Major Events John Eren said.
The Australian Motorcycle Grand Prix and the Phillip Island round of the FIM Superbike World Championship are key contributors to Victoria’s economy. The MotoGP delivers a $48.5 million economic benefit to Victoria, while the FIM Superbike World Championship adds $20 million annually.
“These events create a unique buzz around Phillip Island, attract visitors to Victoria from all over the globe, and show the world we have the best of everything,” the minister added.
An estimated 85,000 spectators converged on Phillip Island for the 2015 Pramac Australian Motorcycle Grand Prix, while more than 42,000 turned out for the 2016 Superbikes. It’s why the Bass Coast Shire Council estimates motorsports events on the Island are worth $107 million to the local economy.
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