Thailand Secures Extended MotoGP Hosting Rights Through 2031

Significant Economic Investment for Future Events

Thailand has successfully extended its contract to host the MotoGP at Chang International Circuit in Buriram through 2031, with a substantial financial commitment from the government. The Thai cabinet has approved a maximum budget of 3.9 billion baht (approximately $119.08 million) to support the event for the next five years. This financial backing demonstrates the government's confidence in the economic benefits generated by the MotoGP event.

Building on Previous Success

The Grand Prix Thailand, which made its debut on the MotoGP calendar in 2018, has quickly become a staple of the racing season. The initial contract was set to expire in 2027, but this new agreement extends the partnership by an additional four years. The event has not only boosted tourism but also enhanced Thailand's reputation in the international motorsports community.

Economic and Tourism Impact

The decision to extend the contract and increase financial support reflects the significant economic benefits that the MotoGP event brings to the region. The race attracts thousands of international visitors, generating substantial revenue for local businesses, including hotels, restaurants, and tourism-related services. The event also provides a platform for Thai businesses to showcase their capabilities on a global stage.

Future Prospects

With the new agreement in place, Thailand is poised to continue its successful hosting of the MotoGP event. The additional four years will provide an opportunity to further develop the infrastructure and enhance the overall experience for spectators and participants alike. The government's financial commitment underscores its dedication to making the event a continued success and a highlight of the MotoGP calendar.