Comprehensive Report: Global Impact of the Olympic Games

This report provides a comprehensive analysis of the global impact of the Olympic Games. It examines the multifaceted effects of the Olympics, including economic benefits such as increased tourism and infrastructure development, and potential drawbacks like financial burdens and profit distribution. The report also explores the social implications, such as health impacts, social cohesion, and regeneration opportunities, alongside environmental considerations like pollution and sustainability challenges. Furthermore, it investigates the impact on tourism, hospitality, and event industries, highlighting the advantages and disadvantages for host countries. The report concludes with recommendations for maximizing benefits and mitigating negative impacts across various perspectives.

Academic and
Professional Skills

Table of Contents
INTRODUCTION...........................................................................................................................1
Analyse the impact from a variety of perspectives..........................................................................1
CONCLUSION................................................................................................................................5
Recommendations:...........................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Global event can be defined as the total, maximum, minimum, or average value of
collation of events. If events have occurred for short period of time, global event might not have
aggregate value. It refers to the all the events that occur globally. This report includes both
positive and negative impact of Olympics in all over the world, there are three major benefits of
Olympics for countries such as short term benefit is that countries can gain advantages because
during this period tourist from all over the world and spend money in the country. Long term
benefit could be improvement in infrastructure and trends, foreign investment of tourism after
the games. negative aspect of Olympics is most of its profit goes to international companies,
hotels and restaurant which is not beneficial for host country's economy. Objective of this report
includes detail study of pros and cons of global events, understanding the impact of tourism,
hospitality and event industry on the economy of host and other countries. Various perspectives
such as environmental and social. In the last there are recommendation about the different
perspectives and analysis of Olympics event globally(Baytiyeh, 2017).
Analyse the impact from a variety of perspectives.
There are various perspective included in this report that have impact on the economy of
nation or country. Below is the detail examination of all these perspectives.
Health impact: Olympic games has been showcase best athletes in all over the world.
Global events has been changed the health preservative of people around world. Many host cites
have organized camps for better health prospective in the mind of local public. But on the other
hand there are also potential of health risk from the mass gathering of people around the all over
world. In current scenario due to COVID 19 pandemic in all over the world it is impossible for
the countries to organize an international level game event and it is also very risky for the people
who want to participate in this events. There are also many risk according to the mass gathering
of people from international level. Thus, global game events has both positive and negative
impact on the health of people. (Bikbulatova, and Pochinok, 2017) Olympic game now
motivates many people to improve their health and increase their participation in those games.
Economic impact: countries that host Olympic events invest billions of dollars in the
game and hope to gain profit from it. There is benefit of this global event is it increase the rate of
tourism in host country and give economical benefits to them. Some of countries has seen the
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return on their investment and increase their economy. During Olympic there are certain benefits
hosting country has been gain, many countries has update their infrastructure and technology
transportation services to give better experience to their guests. But due to pandemic situation
over all the world, countries has been facing economical issues and they are not able to organize
any event on international level this could cause economical disadvantages to host countries.
Global game also help in providing job opportunities to the local public of host country there are
different kind of employment option has been develop for unemployed public it could help
country to increase the living standards of normal population of country. Thus, there are many
economical advantages of global events arcos the world and host countries can get profit and
stable development. Investment of tourism cause different types of benefits from this.
Impacts on the Tourism,
Hospitality and Events Industries.
Tourism: From the(Furnell, Fischer, and Finch, 2017) global events tourism of host
company has been rapidly developed and that also have impact on the destination country.
There are more and more experts likes to contribute in this field of events to gain maximum
profit from it. Countries wants to research on different kind of tours and travels so that they can
arrange their services according to the guest from other nations. Olympic has been contributed in
the improvement of national and international image and what impact will be generate after the
event in host country. Furthermore, Olympics games have many benefits for tourism that could
increase the economy of destination country. Thus, (Moore, and Morton, 2017)Olympic events
help host country in the development of their economy and gain advantages from tourism from
all over the world.
Hospitality: there are many advantages for hospitality (Raju, 2017)industry from
international level of Olympics. It helps hospitality business to increase their revenue and shares
in market. There are various tours and travel agencies that have direct contract from international
hospitality and hostel businesses, it could help hospitality business to attract more tourisms
towards their organization. Many country's hospitality industries has been increase their quality
of services and product so that they can gain benefits from it. Thus, business of hospitality
industries has been increase because of the international level of events accruing in their country.
It is also develop the stranded of their services and build image on national and international
level (Griffin, M. and Coelhoso, P. 2019)
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Event industries: This industry is also get benefits from Olympic game because of
international level of event. Event industries get opportunities to arrange international Olympics
and increase their profitability. Thus, event industries also get benefits from the global events
that has been increase the brand image of these industries(Meissner, and Shmatko, 2019).
Impacts from an environmental perspective:
Olympics games have huge impact on the environment of host country, they have
effected the environment in both positive and negative ways. Positive aspect of environment
perceptive is it increase sustainability of their business organizations. They increase the level of
awareness in local public about environment. In many countries they are focused on the new
ways and ideas that can develop more environment awareness and increase sustainability of their
environment. On other hand, there is negative impact on environment of host country, increasing
tours and travels in country increase pollution. (. Rakedzon, and Baram-Tsabari, 2017) Many
business orations increase carbon footprints in their production which could cost harm to
environment. To deal with environment threats, country can increase awareness about using
recyclable products that can improve the environment of country. To deal with negative aspect of
environment there are various programs host country can develop that could help the country in
development of healthy environment in their country. It will build image of country on national
and international level, and improve stranded in the eyes of their customers. Thus, there are
various factors that affect the environment of host country in both positive an negative aspects.
To deal with negative aspects country can develop various awareness programs about the
environment. (Lin, and Magnuson, 2018). To decrease the pollution country can develop
environment programs and use take, make, and reuse, products.
Impacts from a social perspective:
Intangible benefits: There are various intangible benefits that (. Viinikka, and Ubani,
2019) global events provide such as social cohesion, morale, entertainment. This could help the
normal public of country to get their benefits and use them for their profits. This benefits attracts
people towards the international games and Olympics. Individuals are more interested in
participate in those games. Entertainment factor is more attractive in the eye of normal public of
host and other countries. Host country also offer various discount offers to the guest from other
country. That offers helps to generate sales and profit to the country. Thus, the social perspective
of global event is positive for the country's population, and give entertainment, moral to the
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youth. People get more encouragement from the Olympics and get more attentive for the
participation.
Regeneration opportunities:
Olympic games has been continuously increase the opportunities for the youth and
country, helps the young generation to develop their moral and abilities to participate in the
international level games. Its also generate opportunities for the country to increase their
economy growth productivity of their country. Olympics also create employment opportunities
for the youth and other generation of the country, they provide more employment to host
country. It is also attract tourism and increase revenue on international level. There are many
long term benefits of these games that help the organization to develop their industrial level of
profitability. There are more opportunities that Olympic provide on national and international
level such as providing the financial growth to the players, providing more encouragement to the
youth to participate tin this games. Thus, (McGill, C.M.,Heikkila, and Lazarowicz,
2020)Olympics games help on the national and international level to regenerate opportunities,
and encourage the local public toward the social welfare. There are many social benefits that
Olympics has been providing to the host country and other countries also.
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CONCLUSION
From the above given information it can be summarise that global games events have both pros
and cons in the respect to host country. These games are providing many opportunities to all the
country. There are various preservative that have impact from the Olympics games. Health
perspective of these games is in both positive and negative context. Impact on economy of the
country, which increase, job and employment for youth. Impact on the tax payers and increase
future treads of the country. There is also impact on tourism, hospitality, and event industry from
the Olympics games. They increase revenue of hospitality business and have short term effect for
organizations. There are logistic challenges for hosting events on international level and its also
have long term influence on tourism for destination country. Furthermore, Olympics games also
have an impact on environment of host country that could be positive and negative it depends
upon the management of the country. At its affect the social culture of host destination.
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Recommendations:
Global events has huge impact on the host and others countries. There are various perspectives
that have impact on the businesses and country’s economy(Yu, 2020). Below is following
recommendation for this perspectives:
 Economy impact: From the above given information, there is various economical
benefits for the organizations of hosting country. That helps organization to build brand
on national and international level. Country can maximise its profits by making various
strategies according to the customers or tourist from other nations. They can attract them
to their organization by offering them quality services and discount offers. There are
many benefits for the host country if they use their strategies in proper manner.
 Environment impact: There are various environmental challenges for the host
country’s organization that can be minimise by the proper planning and arrangement of
resources. Company can use circular economy program in their organization that could
help them to decease environmental challenges. Host country can develop various
awareness programs to handle these challenges.
 Impacts on the Tourism, Hospitality and Events Industries: There is positive impact
on the tourism, hospitality and event industry of Olympics. All these industries can
maximise their business by the proper arrangement of resources and proper planning.
These resources can help the organization to develop proper strategies and help them to
increase their future trends. Hospitality business operations can get more profit by
analysing the needs and wants of customers and increase the service quality of their
business. In the context of event industry they have huge challenge of organizing the
international event. But with the proper planning and research they can turn this
challenge into opportunity.
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