Economic Analysis of 2012 London Olympics tourism

Economic Analysis of 2012 London Olympics tourism

The tourist or the visitors to the Olympics create the most important economic benefit to the hosting cities of the Olympics. Unlike infrastructure investments, tourism expenditure is not centrally controlled or recorded. This makes it difficult to do an assessment o its contribution to the economy of the host country. To better understands the economic contribution to the host country by Olympic tourism, answers need to be found for the question of how much, who, and when? The pre-Olympic tourism is dominated typically by visits linked directly with the event preparation. The event time tourism consists of officials, athletes, spectators, media representatives, and volunteers. On the other hand,…