Source: REUTERS/David Kirouac
[Saba Sports News] F1 has just announced an important news, extending the Canadian Grand Prix contract until 2035. This announcement has since garnered significant attention. F1 has completed a 4-year renewal with the Canadian Grand Prix based on the existing contract, meaning the Circuit Gilles Villeneuve will continue to appear on the F1 calendar over the next 10 years. Additionally, starting in 2026, the Canadian race will be fixed to take place from May 22 to 24 to better align with the global F1 schedule and stimulate summer tourism while aiding efforts to achieve carbon neutrality by 2030. The editor believes that the F1 Canadian Grand Prix is an important economic engine for Montreal. During the event, hotel occupancy rates exceed 90%, with over 12,000 employees on duty simultaneously, creating substantial business opportunities and revenue for local industries such as hotels, restaurants, and retail. Moreover, the event attracts a large number of tourists to watch the race, driving tourism consumption and promoting urban economic growth.