Impacts and Ways of Maximizing Benefits and Minimizing Challenges of Hosting the Olympics

This document analyzes the impacts of hosting the Olympics and provides recommendations on maximizing benefits and minimizing challenges. It discusses the economic impact, logistical challenges, and long-term influences on the environment and society. The document also highlights the importance of developing policies and complying with regulations to ensure a successful Olympic event.

The government is bidding to host the Olympics
analyse the various impacts and analyse ways of
maximising the benefits and minimising the challenges

EXECUTIVE SUMMARY
It has been evaluated that, global event is an event of limited duration which has worldwide
reach and also requires significant level of public investment. The hospitality sector who in turn
tends to have opportunity to host the Olympic event in turn tends to have wide degree of
economic impact. Carbon footprint and the pollution tends to largely influence the environment
where the event has been hosted. Olympics has major long term improvements which in turn is
considered to be useful in attaining greater operational goals and higher sustainability. Hosting
Olympic Games is considered to be as one of the key prestigious investment for the country. The
hosting company must focus on developing the policies which is the key recommendation for
Olympics.

TABLE OF CONTENTS
EXECUTIVE SUMMARY.............................................................................................................2
TABLE OF CONTENTS.................................................................................................................3
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
CONCLUSION................................................................................................................................4
RECOMMENDATION...................................................................................................................4
REFERENCES................................................................................................................................6

INTRODUCTION
The global event in turn is considered to be as the organized set of event which in turn tends to
mainly involve people from varied countries across the globe. There are ranges of global event
which attracts the attention of the media. As per the OECD, global event is an event of limited
duration which has worldwide reach and also requires significant level of public investment.
Such global event has significant degree of impact on population and built environment. Cities
who in turn tends to host the Olympic event tends to have varied set of positive effect which in
turn mainly includes influx within the foreign visitors, encouraging investment, job creation and
high degree of economic growth in turn is considered to be as key major benefits to bid on order
to host the Olympics and also minimize the challenges. It also leads to the improvement within
the infrastructure and tends to benefit the cities. For example, Rio has constructed 15000 new
rooms in the hotel in order to accommodate the tourist who are coming for the specific global
event. Also, the key advantage linked with hosting an Olympic game is useful in effectively
increasing the valuable set of tourism and also leads to improvement within the infrastructure,
improved trade, and high degree of foreign investment. The negative impact of hosting the
Olympics in the specific city in turn eventually leads to loss of the job of the people who in turn
are already employed. Also, most of the profits has been realized by the construction companies,
restaurants and hotel, travel and tourism when compared with that to host city economy (Brown,
Smith and Assaker, 2016). This study mainly focuses on the government is bidding to host the
Olympics analyse the various impacts and analyse ways of maximising the benefits and
minimising the challenges. It also tends to aim at identifying the distinct perspectives which
largely impact the hosting of such global event.
MAIN BODY
Olympics is considered to be as a global event. Olympic Games are referred to as one of the
world’s foremost sport competition where more than 200 nations tends to participate
(Giulianotti, 2015). The Olympic game is usually held in a period of 4 years. Tourism and
hospitality and events industry is considered to be of key relevance importance and has been
performing exceptionally well. Tourism and hospitality and events industry is considered to be as
one of the fastest growing industry where they focus on contributing at high Gross domestic
product in most of the countries across the globe.
Short- term effects on the hospitality sector
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The hospitality sector who in turn tends to have opportunity to host the Olympic event in turn
tends to have wide degree of economic impact. This is useful in the job creation. It creates wide
degree of employment opportunities for the person. Cost associated with the tax payer is another
major economic impact which in turn eventually leads to improved performance and efficiency.
It is also relevant in improved future trade. This in turn eventually leads to improved
performance and efficiency (Thiel, and Grabher, 2015). Cities who tends to host the Olympic
event tends to have varied set of positive effect which in turn mainly includes influx within the
foreign visitors, encouraging investment, job creation and high degree of economic growth in
turn is considered to be as key major benefits to bid on order to host the Olympics and also
minimize the challenges. It also leads to the improvement within the infrastructure and tends to
benefit the cities. Global event is considered to be of utmost importance which is useful in
improving the operations and performance within the hospitality industry. Olympics global event
is significant in boosting up the economy and also leads to greater number of visit of the tourists.
This eventually leads to improved performance within the hospitality sector. It also leads to
greater employment opportunities and profitability within the hospitality sector. This is relevant
in improving the business results and key outcomes.
Logistical challenges of hosting such global event
The Olympics tends to face wide set of logistical challenge. Maintaining large set of data is
considered to be as one of the biggest challenge within the hospitality and event industry.
Inadequate budgeting is also one of the major logistical challenge to host the global event.
However, it is one of the major challenging issue which helps in hosting the global event.
Reduction in the transportation cost is considered to be as one of the major challenging issue
which in turn has been faced in the city where the Olympic global event has been hosted. This is
useful in improving the business functions and operations. It gets difficult in managing the large
number of data and recording the crucial information related with the participants who has been
coming from across the globe. This in turn impose greater logistical challenge.
Long term influences on the country of such global event
 Environmental perspective
Carbon footprint and the pollution: This is considered to be as one of the major perspective
because hosting of the Olympics within the host countries eventually leads to climate change,
pollution, carbon footprint as well as deforestation. The economy is largely affected by the
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carbon footprint and also leads to high degree of pollution. Carbon footprint and the pollution
tends to largely influence the environment where the event has been hosted. There is a risk of
greenhouse gas gushing games when they cist Olympics in the specific city. It is significant in
showcasing the green tech- innovation (Zhao and et.al., 2017). The international Olympic
committee in turn has effectively announced that the Olympic Games are climatically positive.
The international Olympic committee will focus on effectively creating Olympic forest which
mainly focuses on mainly un-backing the great wall project. This in turn helps in effectively
becoming the climatic positive organization. For example, A Beijing summer Olympics in turn
has led to extreme high air pollution, which in turn has eventually led to a smog.
Sustainability: Olympics has major long term improvements which in turn is considered to be
useful in attaining greater operational goals and higher sustainability. Another major perspective
associated with the study is to create environmental awareness. It is also useful in creating high
degree of awareness to attain environmental goals and efficiency. Also technological innovation
is considered to be of high degree of greater sustainability (Gambarato, Alzamora and Tárcia.,
2018). Improved innovation helps in conducting the business with high degree of greater
efficiency and leads to improved results and outcomes while bidding to host the Olympics.
Moreover hosting an Olympic in turn has eventually led to the improved performance and acting
in an ethical manner.
 Social perspective
The Olympic game in turn has grown social as well as the cultural spectacle. It is highly
significant in effectively promoting understanding and the peace.
Intangible benefits: Bidding to host the Olympics is considered to be highly beneficial for the
costing country because it eventually leads to great degree of entertainment for the person. It also
tends to improve the morale of the city as they are organizing such a great event and leads to
improved performance and efficiency. Social cohesion is considered to be as another major
impact related with the social perspective (Dennis, Gillespie and O'Loughlin, 2015). This leads
to high degree of connectivity and solidarity among the various groups of people within the
society. It is useful in the creation of the sense of belongingness towards the community. It also
helps in improving the morale and bidding host of the Olympics within the country.
Regeneration opportunities: Bidding to host the Olympics is considered to be prominent
because it is useful in promoting high degree of regeneration opportunities. The Olympic Games
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is useful in creating high degree of once in a life time opportunities for the host country to
effectively accelerate the regeneration (Olympic Cities: Regeneration, City Rebranding and
Changing Urban Agendas, 2020). Hosting Olympic Games is considered to be as one of the key
prestigious investment for the country. It is considered to be as the key mega- event which in
turn creates greater set of opportunity for the host country to gain high opportunities for
regeneration. Hosting of the Olympics within the specific city is considered to be prominent in
boosting up the urban economy, promoting and creation of the vibrant culture, establishing
network of high grade facilities, high degree of regeneration opportunities and also allowing
revamp of the transport. This way it is considered to be relevant in bidding host of the Olympics
within the country.
CONCLUSION
From the conducted study it has been summarized that, global event is an event of limited
duration which has worldwide reach and also requires significant level of public investment.
Tourism and hospitality and events industry is considered to be of key relevance importance and
has been performing exceptionally well. Cost associated with the tax payer is another major
economic impact which in turn eventually leads to improved performance and efficiency.
Olympics global event is significant in boosting up the economy and also leads to greater
number of visit of the tourists. Maintaining large set of data is considered to be as one of the
biggest challenge within the hospitality and event industry. Carbon footprint and the pollution is
the major environmental perspective. The economy is largely affected by the carbon footprint
and also leads to high degree of pollution. Olympics has major long term improvements which in
turn is considered to be useful in attaining greater operational goals and higher sustainability.
Intangible benefit and regeneration opportunities is the major social perspective.
RECOMMENDATION
Olympics is considered to be as a global event. Olympic Games are referred to as one of the
world’s foremost sport competition where more than 200 nations tends to participate. Tourism
and hospitality and events industry is a key relevance importance and has been performing
exceptionally well. Tourism and hospitality and events industry is one of the fastest growing
industry where they focus on contributing at high Gross domestic product in most of the
countries across the globe.
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 It has been recommended that, the government must focus on effectively developing the
key set of policies to minimize the carbon dioxide and pollution which helps in carrying
out the Olympics. The international Olympic committee in turn has effectively
announced that the Olympic Games are climatically positive. The international Olympic
committee will focus on effectively creating Olympic forest which mainly focuses on
mainly un-backing the great wall project. This in turn helps in effectively becoming the
climatic positive organization.
 In order effectively reduce the logistical challenges, the committee and the event
management team must in turn effectively focus on maintaining the key data sets. This is
relevant in managing the key relevant data which improves the results and outcomes to
carry out the best global event within the hosting city. Effectively managing the logistics
is of crucial importance. It helps in managing the large set of data and leads to improved
operational performance and efficiency.
 The hosting company must focus on developing the policies which in turn is considered
to be relevant to increase the job creation and leads to high degree of employment
opportunities for the people where the Olympic event has been hosted.
 Compliance with the key regulations and effectively processing the large degree of
information is one of the significant recommendation (Goldblatt, 2016). The government
and the various investors must invest and provide significant level of fund to reduce any
issue which leads to high degree of issue and challenge.
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REFERENCES
Books and Journals
Brown, G., Smith, A. and Assaker, G., 2016. Revisiting the host city: An empirical examination
of sport involvement, place attachment, event satisfaction and spectator intentions at the London
Olympics. Tourism management, 55, pp.160-172.
Dennis, J.W., Gillespie, M. and O'Loughlin, B., 2015. Tweeting the Olympics: Towards a
methodological framework for Big Data analysis of audience engagement during global media
events. Participations: Journal of Audience & Reception Studies, 12(1), pp.438-469.
Gambarato, R.R., Alzamora, G.C. and Tárcia, L.P.T., 2018. 2016 Rio Summer Olympics and the
transmedia journalism of planned events. In Exploring transmedia journalism in the digital
age (pp. 126-146). IGI Global.
Giulianotti, R., 2015. The Beijing 2008 Olympics: Examining the interrelations of China,
globalization, and soft power.
Goldblatt, D., 2016. The games: a global history of the Olympics. Pan Macmillan.
Thiel, J. and Grabher, G., 2015. Crossing boundaries: exploring the London Olympics 2012 as a
field-configuring event. Industry and Innovation, 22(3), pp.229-249.
Zhao, S.X and et.al., 2017. Playing games and leveraging on land: Unfolding the Beijing
Olympics and China’s mega-event urbanization model. Journal of Contemporary
China, 26(105), pp.465-487.
Online
Olympic Cities: Regeneration, City Rebranding and Changing Urban Agendas. 2020. ONLINE].
Available through< http://www.umsl.edu/~naumannj/professional%20geography
%20articles/Olympic%20Cities%20-%20Regeneration,%20City%20Rebranding%20and
%20Changing%20Urban%20Agendas.pdf>
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