• Host cities are estimated to earn £147 million in revenues this summer. Stadium capacity restrictions have cut projected revenues by a combined £124 million.
• London is poised to make the highest amount of money over the course of the tournament at £54.8 million, followed by Saint Petersburg (£22.3 million), and Copenhagen (£17.5 million). Amsterdam is estimated to have made the least at £2.7 million.
• Attendance restrictions are set to cost London the most in income, with a £23.8 million shortfall compared to normal circumstances with a full capacity stadium. Dublin suffered the second biggest shortfall (£22.0 million), with Glasgow in third (£16.8 million).
• Budapest’s revenues remained unchanged after it fully opened its stadium.

Pitchinvasion.net, an unofficial guide to the European Football Championship, has released a study that estimates the economic impact Euro 2020 will have on the cities hosting the tournament. As a company dealing with sports data, pitchinvasion.net wanted to reveal how much cities stand to earn during the tournament as well as the potential economic cost of stadium attendance restrictions on host cities in terms of lost visitor spending. The study estimates the revenues each host city is set to receive over the duration of the tournament, while also calculating the revenues the cities could have received under normal circumstances.

How the study was conducted:

The study began by gathering information on the 12 original host cities for the tournament as well as the replacement host city, Seville, including the number of games scheduled in each city, where each team is playing, and the stadium capacities to predict visitor numbers.

Next, the average nightly tourism expenditure in the host countries was researched, including accommodation, restaurants and other spending, but excluding spending on transport. This data was found for visitors from all 24 countries participating in the tournament.

Then, the study considered different fan attendance scenarios. Firstly, a normal scenario was imagined where stadiums were at capacity and fans of each nation could attend their team’s games in full stadiums. The overall income that each host city could have received in these circumstances was then calculated.

Lastly, provisional minimum stadium attendance figures submitted by every host city were used to calculate the revenues cities can expect to receive from visitors to the tournament this summer.

The result is a detailed assessment of the economic impact of the tournament on the host cities, comparing the income they could have received under normal circumstances with the income they are projected to receive in current circumstances.