So I just got back from driving McLaren’s astonishing new 650S in southern Spain, and once I’d filed the first drive for the magazine, then rewritten it for our website, then scripted and storyboarded the video, and then finally put my head on a pillow, I woke up the next day and started wondering – however much does a launch event like that cost?
And, more to the point, is it actually worth it as far as the manufacturer is concerned – in this case McLaren, obviously – in terms of the extra publicity it will generate?
We’ll come to the second question in a moment, but as for the costs involved they probably go something like this. The launch itself is a full house international jobbie that will be going on for the next month, and the base is the not-especially-cheap Finca Cortesin hotel near Estepona on the Costa Del Sol.
A room at the Finca costs anything between £600 and £1500 a night, and each night McLaren will be hosting between 10-20 guests, each of whom will be being flown in from various locations around the globe.
So let’s say 15 times £600 a night for the hotel, which by my maths equals £270,000 on hotel costs alone over 30 days. Inevitably, McLaren will have done a deal for a block booking such as this, but even so let’s call it £200,000 for hotel bills and move on.
Except we can’t, because also on the launch is a small army of McLaren support staff – media relations staff, tech public relations staff, tech support, travel media support, pro drivers, photographic crew and, at various stages, all sorts of McLaren top brass who will drift in and out of the program as it rumbles along – all of whom will also need putting up somewhere.
In this case, most of the behind-the-scenes staff were staying in a rather less posh hotel around the corner, but even then you’re still talking about rooms for at least a further 30 people per night. For one month. So call that another £100k – and only then can we move on to the other costs. Such as air fares – my guess would be at least another £150k if the average fare is, say, £400 and there are 300 guests in total to fly in and out, plus all the McLaren staff to get there and back.
Join the debate
Add your comment
HMRC tax evaders ahhhh
I would also look into your own tax affairs as Christmas parties are exempt from tax up to a reasonable limit. If you have been caught out and taxed by your employer I would seek financial advice by someone independent of your company.
It's good value
It's also good for the company to get key personnel out of the factory to talk to journalists and enjoy some Spring sunshine.
Tax?
Tax?
Tax?
You may be right, but the taxman is looking for all sorts of ways to fund the beast...in fact anything rather than deal with the real big tax evaders. Much easier to throttle the p a y e masses.
Correct that Sutcliffe and his ilk need digs on a business trip...but there are cheap hotels and motels which would do...flash hotels and expensive meals are not essential...therefore this could in the future be classed as a benefit. Sutcliffe wouldn't have paid for this out of a scribblers salary, let's face it!
I may be wrong, I am just saying that it's better not to draw attention to it.