Method 1 ticket costs are set to rise on common 8-10% in 2024. With most races now on sale, China and Hungary supply the most cost effective tickets on the calendar.
This evaluation relies on ticket value knowledge from 18/24 F1 races deliberate for 2024, in addition to restricted ticket value knowledge from the stateside races in Miami and Austin, the place some tickets are already on sale. The next races are usually not included within the evaluation, as 2024 tickets are usually not but on sale: Azerbaijan, Las Vegas, Qatar and Abu Dhabi.
Ticket costs are taken from official sources and don’t embody any processing or supply charges. Costs are for 3-day tickets, except acknowledged in any other case. Conversions from native foreign money to USD have been made at present trade charges (January 2024).
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Examine availability of 2024 F1 Tickets, Experiences & Resorts
Learn our detailed rating of 2023 Method 1 ticket costs
With simply over months till the brand new challengers hit Bahrain Worldwide Circuit for the primary race of the 2024 Method 1 season subsequent March, tickets are already on sale for almost all of races subsequent season. Method 1 tickets are happening sale sooner than ever and a few of the hottest races are already near promoting out.
Analyzing accessible tickets for subsequent 12 months for our annual rating of Method 1 ticket costs (which we anticipate to publish round March 2024), we are able to observe that costs are on the rise on the majority of races.
China Presents the Most cost-effective 2024 F1 Tickets, Mexico Metropolis Most Costly
With tickets on sale for 18 of 24 races, the returning Chinese language Grand Prix (not held since 2019) is the most cost effective F1 race to attend in 2024. On common, 3-day tickets for the race in Shanghai value $199 USD, solely a shade cheaper than tickets for the second most cost-effective race weekend of 2024, the Hungarian Grand Prix (the place common ticket costs are $207 USD).
Japan narrowly edges out Bahrain to be the third most cost-effective race to purchase tickets for in 2024, whereas the typical ticket value for Australia (aided by a positive trade fee) can also be below $300 USD. Tickets are additionally low cost for Canada (additionally because of a positive trade fee), whereas reasonably priced races to attend in Europe embody each races in Italy, and the Spanish and Austrian Grands Prix.
On the different finish of the dimensions, the Mexico Metropolis Grand Prix is the most costly to attend of the 18 races analyzed to date, although that is largely because of the very excessive value of Major Grandstand seats at Autódromo Hermanos Rodríguez. The most costly races to attend in Europe are the Monaco Grand Prix and the British Grand Prix, although Silverstone’s use of dynamic pricing makes it onerous to investigate ticket costs for this race. Patrons who secured their seats early for the 2024 British Grand Prix could have paid loads lower than at the moment marketed costs.
Most cost-effective Method 1 Tickets 2024 ($USD)
RaceRank2024 Common (Change)Basic AdmissionCheapest GrandstandMain Grandstand
China1$199 (N/A)$68$208$321
Hungary2$207 (+12.5%)$131$153$338
Japan3$264 (+14.3%)$81$169$541
Bahrain4$265 (0%)$172$172$451
Australia5$290 (+5.1%)$184$301$384
Italy (Monza)6$328 (+3.1%)$130$205$650
Canada7$336 (+13.1%)$210$232$567
Spain8$365 (+11.3%)$191$305$599
Austria8$365 (+16.6%)$147$267$681
Italy (Imola)10$367 (-0.7%)$97$292$712
Saudi Arabia11$391 (0%)$138$267$767
Belgium12$407 (3.5%)$223$316$681
São Paulo13$441 (13.1%)$252$252$819
Netherlands14$503 (+5%)$287$432$790
Singapore15$557 (+5.7%)$260$372$1,038
Britain16$689 (+23.9)$517$580$971
Monaco17$764 (+12.8%)$318$903$1,071
Mexico City18$783 (+13.8%)$212$390$1,746
Native Foreign money: Common F1 Ticket Costs 8-10% Increased in 2024
Evaluating the three predominant classes of tickets in our evaluation – common admission, the most cost effective grandstand seats and seats reverse the beginning grid – ticket costs have risen on common 8-10% from 2023 to 2024 when expressed in native foreign money.
The largest value rises may be seen at a few of 2023’s most cost-effective races (e.g. Australia, Japan, Canada, Austria, Hungary). With costs at these races coming off a comparatively low base, they continue to be low cost when in comparison with the remainder of the calendar, particularly when expressed in USD.
The promoters of the races in Belgium, the Netherlands, Italy (Monza) and Mexico Metropolis have raised costs roughly consistent with inflation, including round 5% on common to 2024 ticket costs.
Some races which had been already on the costly aspect have additionally raised their costs for 2024, notably the Monaco Grand Prix, the place grandstand seats are 10-15% costlier. Cheaper ticket classes on the Singapore Grand Prix have seen value will increase of 15-25%, whereas costlier ticket classes have unchanged costs for 2024.
Costs are usually not larger at each race, although. Ticket costs in Bahrain, Saudi Arabia and Italy (Imola) stay unchanged for 2024.
Costs Fall within the USA; Stay Excessive Relative to Different Races
While not all tickets are on sale but for the stateside races in Miami and Austin (and by no means for Las Vegas), we are able to already observe that the seemingly unstoppable rise of F1 ticket costs within the USA appears to have come to an finish. Grandstand tickets for the 2024 Miami Grand Prix* are 15-30% cheaper on common than 2023, whereas 3-day Basic Admission tickets for the 2024 United States Grand Prix* are being offered for $349 USD, 26.5% cheaper than final 12 months. Regardless of the heavy low cost, Basic Admission tickets for the USGP are nonetheless the second costliest of the 19 races analyzed; solely Britain is costlier for unreserved entry.
Attending a race within the USA in 2023 value round twice as a lot because the season common. And it looks like Individuals had a restrict as to how a lot they had been ready to pay, as not all tickets had been offered and others needed to be steeply discounted within the weeks main as much as this 12 months’s three races within the USA.
In addition to costlier tickets, different components could have additionally contributed to much less demand for F1 tickets in 2023, particularly within the USA. These embody the dominance of Max Verstappen, who gained 19 out of the 22 races final season, and had wrapped up the title with six races remaining (earlier than the races in Austin and Las Vegas), in addition to larger inflation and rates of interest, which negatively impacted funding markets, shopper confidence and spending.
*Not all ticket classes are on sale but for the 2024 Miami and United States Grands Prix. Tickets are usually not but on sale in any respect for the 2024 Las Vegas Grand Prix.
China presents the most cost effective Basic Admission tickets (Zones C, F, J, L) on the 2024 F1 calendar, with three day entry for simply $67 USD. Additionally priced under the $100 USD mark are tickets for the West Open Space in Japan and Basic Admission (Circolare) on the 2024 Emilia Romagna Grand Prix. GA tickets are additionally reasonably priced on the Italian, Hungarian, Austrian and Saudi Arabian Grands Prix, costing lower than $150 USD for 3 days. On the different finish of the dimensions, Basic Admission tickets are costliest at Silverstone, Monaco and Circuit of The Americas. The typical value of Basic Admission tickets for the 19 races at the moment on sale for 2024 is $209 USD. Study Extra: Prime Ten Method 1 Races for Basic Admission Tickets in 2024
The Bronze 1/2 grandstands on the Hungaroring are the most cost effective seated tickets at the moment accessible in 2024, priced at $153 USD for 3 days. Grandstand G in Japan and the Victory Grandstand in Bahrain are additionally priced under $200 USD in 2024. A great variety of races supply seats priced between $200-300 USD, together with Italy (Imola & Monza), Canada, São Paulo, Austria and Saudi Arabia. However, the best costs for the most cost effective grandstand seats may be present in Britain (Farm Curve Grandstand), Miami (Seaside Grandstand) and Monaco (X1/X2 Grandstands). The typical value of the most cost effective grandstand in 2024 (from the 18 races analyzed to date) is $338 USD.
Grandstand seats reverse the pits and beginning grid are usually amongst the most costly accessible at every circuit. Of the 19 races the place such tickets are already accessible for 2024, costs vary from a low of $321 for A Low (Major Grandstand) tickets in China to a excessive of $1,746 USD for Major Grandstand seats in Mexico Metropolis. Seats reverse the pits value lower than $500 USD in Australia (Fangio Grandstand) and Bahrain (Major Grandstand), whereas the typical for the 18 races analysed to date is $776 USD.
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