Benefits and Issues of Hosting the Olympics

Olympics Game

Table of Contents
INTRODUCTION...........................................................................................................................1
ANALYSIS......................................................................................................................................1
Overview of hosting Olympics...................................................................................................1
Economic impact of hosting Olympics.......................................................................................2
Environmental impact of hosting Olympics...............................................................................3
Social impact of Olympics on host city......................................................................................4
CONCLUSION................................................................................................................................4
RECOMMENDATIONS.................................................................................................................4
Key recommendations to reduce pessimistic social influence....................................................4
Key recommendations for declining agnostic economic impact................................................5
Key propositions for minimising negative environment impact.................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
A global event can be said to be an event which is organized by virtue of involvement of
large number of individuals from different parts of the world. Olympics is an event which is
mainly concerned with the pride of nations and encompasses several competitions as well as
heroic moments. In this relation, host cities are known to make an extensive investment within
the games. Hosting of Olympics provides assistance in generation of several temporal jobs in the
form of improvement of infrastructure. This renders advantage to a nation in future context of
time. Investment in this relation is concerned with improvement of accommodation services
whereby the individuals belonging to international as well as domestic context arrive to witness
the games or give their participation within it (Kenyon and Bodet, 2018). Apart from this,
investment is also done for the purpose of construction of airways, roads, and improvement of
environmental situations of circumscribing area. However, it is also known that hosting
Olympics is a risky affair whereby enormous activities have to be conducted, thus implying that
the funds may easily get busted during the arrangement of this event. Some of the main
challenges or issues that are linked to the hosting of a global event are inclusive of price
inflation, inconvenience associated with travelling, crime and security, and so forth. In addition
to this, there is a probability of occurrence of several other forms of risk such as negative
publicity, cost of developing stadium, cost associated with security maintenance, and so on.
Also, it consists of issues circumscribing the domain of health & safety, legacy of sports, and
other extreme public health associated risks (Atç, Unur and Gürsoy, 2016).
The following report studies the benefits and issues faced by a nation at the time of
considering to bid for hosting the Olympics event. The discussion will include impact of hosting
the event from economic, environmental and social perspective. The main purpose of the report
is to examine the impacts from various perspectives and devise recommendations in accordance
with them to host the Olympics event effectually.
ANALYSIS
Overview of hosting Olympics
Hosting a global event such as Olympics leads to the generation of remarkable
environmental, social and economic benefits in the form of increment in tourism related
statistics, long run investment, legacy benefits of sports, and so on (Hahm, Tasci and Terry,
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