BR2028 Posted February 15, 2015 Report Share Posted February 15, 2015 It's the other way around. Los Angeles' organizing committee made money, but it's unlikely any city has ever made money. 1) All of the last six summer Olympic hosts have lost tourists the year they hosted. 2) Olympic fans tend to spend less money than the normal tourists and business travelers they displace because they have already been gouged on inflated flight and hotel rates. 3) Most retailers in the host city experience only a moderate if any increase in sales since the Olympic fans spend their money on Olympic merchandise instead of the normal shops. 4) There's no evidence that people go to Olympic host cities simply because they hosted the Olympics. It's not like Atlanta has become a major tourist destination since they hosted. Barcelona is probably the only example of a city using the Olympics to become a tourist hotspot. 1.) You can not look at only the year a city hosted to see if Tourism picks up. The after-glow is always better. 2.) Once again, those inflated prices still mean money and the money that comes in after the games makes up for it 3.) It's still an increase and you still see an increase in exposure 4.) The exposure that comes from hosting the games will put the city on the minds of people around the world. It has been shown to bring in business and in some cases tourism. Barcelona saw it, Atlanta sure as hell saw it, as did Sydney (to smaller extents), and London. Quote Link to comment Share on other sites More sharing options...
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