F1 ticket prices in China are the cheapest in the world – an average of 160 USD, while the most expensive is in Monaco – an average of 632 USD.
Currently, most of the F1 races in the world sell 3 ticket grades for 3 days of the race,including General Admission, Grand stand tickets and tickets for the private area. Hospitality, drink, parking, private…(Hospitality). According to the f1destinations page, after a few years of relatively stable, F1 ticket prices are on the rise.
In the season of 21 races this year, the average ticket price is around 417 USD (thef1destinations only counts General Admission and Grand stand ticket classes, not Hospitality). The two places with the cheapest fare are now China (160 USD) and Russia (241 USD), while the most expensive is in Abu Dhabi (632 USD) and Monaco(850 USD).
Compared to last year, General Admission tickets averaged $ 161 for the 2018 season, an increase of 13.4%. The cheapest Grand stand fares are $ 264, up 14.3%. Meanwhile,a sitting Grand stand ticket opposite the starting line is about 637 USD, up 5.6%. The average fare increase this year is likely due to the F1 race having the cheapest fare in Malaysia no longer available and France and Germany adding medium ticket rates.
The 2018 F1 season is only two stops in Abu Dhabi and Brazil. Currently, the official website of Formula One has just opened tickets for 7 out of 19 following years,including Australia, Azerbaijan, Austria, Germany, Hungary, Belgium and Singapore.
By 11/15, if Early Bird buys tickets for the next year’s race in Singapore, fans can get discounts of up to 30%. A General Admission ticket in this race is being reduced from 363 USD to 290 USD. The most expensive Hospitality package to see F1 in Singapore is over 5,700 USD. Meanwhile, the cheapest ticket being reduced by 217 USD to 195 USD.
Before stopping hosting F1 racing from 2018, another Southeast Asian country, Malaysia, has the cheapest fare in the world. A General Admission ticket at this stage is about $ 24 in the 2017 season, Grand stand tickets are $67.
In addition, the f1destinations also studied the affordability of the local people taking place in the F1 race, based on the average price of a General Admission ticket compared to the monthly salary. Accordingly, even though it is the place where the ticket price is the highest, Monaco is the place where people buy most easily when one ticket accounts for less than 2% of income. People in Japan, Canada, Austria and Australia can also easily watch this race directly because the fare is less than 3% of their monthly income.
In contrast, Brazil, Mexico and Azerbaijan are the places where people have the most difficult access. In Azerbaijan, a General Admission ticket accounts for about half of the income each month, in Mexico is 33.2% and 25.7% in Brazil.