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London Organising Committee of the Olympic and Paralympic Games

Mar 9, 2017 | 0 comments

Mar 9, 2017 | Essays | 0 comments

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Table 1

LOCOG Revenues (2004 prices, £ million)

  LOW CENTRAL HIGH
Local sponsorship 240 411 590
Ticket sales 250 301 350
transport 30 40 50
Asset sales 35 70 110
catering 7 9 10
TV rights 410 455 500
Top Sponsorships 98 109 120
Total 1,164* 1,395 1,627*
       

*Indicates that the high and low probability totals are not the sums of the high and low values for respective component, but has been derived by systematic sensitivity analysis

 

Table 2

Infrastructural costs of LOCOG (2004 prices, £ million)

 

  LOW CENTRAL HIGH
Olympic  stadium 200 325 360
IBC & MPC 50 75 95
Olympic sports halls 42 55 85
Olympics aquatic center 60 67 90
Greenwich sports hall 20 22 56
Olympic hockey stadium 15 16 21
Velodrome 22 26 30
Training venues 10 15 25
Broxbourne 8 9 10
University of East London 9 9.5 10
BMX track 6.5 7.5 8.5
Olympic tennis 3 6.5 7
Eton 3.3 5.3 7.3
Weymouth 2 3 4
Total 553* 642 731*
       

*Indicates that the high and low probability totals are not the sums of the high and low values for respective component, but has been derived by systematic sensitivity analysis

 

 

 

 

 

 

Table 3

Assumptions by category of visit for the Olympics

 

  LOW CENTRAL HIGH
Total tickets 9,399,414 9,894,120* 10,388,826
Seat kills (%) 19 19.7* 20.4
Proportion sold (%) 70* 82* 95*
Average ticket price (£) 47.9 53* 58.6
Proportion sold to the foreign visitors (%) 10* 15* 20*
Proportion of domestic to London residents (%) 60 80 90
Proportion of RUK sales to day visitors 20 40 60
foreign, ticket per visitor 2 4 10
RUK day visitors, ticket per visitor 1 1 1
RUK tourists, tickets per visitor 1 1.25 2
Athletes, total 9,450 10,500* 11,550
Athletes, proportion from the UK (%) 4 5 6
Domestic athletes, proportion from London (%) 15 20 25
Number of officials 7200 8,000* 8,800
Officials, proportion from the UK 60 75 90
Domestic officials, proportion from London 20 25 30
Number of media visitors 18,000 20,000* 22,000
Media visitors, proportion from the UK 4 5 6
Domestic media visitors, proportion from London 85 90 95
Volunteers, UK 42,300 47,000 51,700
Volunteers, proportion from London 90 95 100
Number of sponsor visitors 6,300 7,000* 7,700
Sponsor visitors, proportion from the UK 4 5 6
Domestic sponsor visitors, proportion from London 81 90 99
Olympic family, foreign 4,500 5,000* 5,500
Olympic family, UK 2.700 3,000* 3,300
Proportion of UK Olympic family from London 15 25 50
       

Source: *London 2012 ticket allocation; in other figures, assumptions were made.

 

 

 

 

 

 

 

 

 

 

 

 

 

Table 4: sectors and products in the model

sectors definition
A Agriculture
B Fishing
C Mining
D manufacturing
E Energy
F Construction
G Distribution
H Hotels and restaurants n.e.c.
I Transport services n.e.c.
J Finance
K Business services
L Public administration and defense
M Dedication
N Health
O Other services n.e.c.
P Domestic services
HOTEL Hotels
ACCOM Other accommodation
REST Restaurants
BARS Bars
RAIL Railway transport
LAND Passenger  land transport
AIR Air transport
TATO Travel agents and tour operators
SPORT  Sports facilities
ATTR Visitor attractions

 

 

 

 

 

 

 

 

 

 

 

Table 5: GDP, Welfare and Repatriation in London

  London (£ million)
Discounted value of all future GDP less 5,647
Discounted value of all future earnings repatriated from London, of which 1,098
Discounted additional earnings of capital repatriated outside London 822
Discounted additional earnings of labor by temporary migrants, migrants and commuters 276
Discounted value of future GDP earned by London residents 4,549
Change in welfare (equivalent variation) 4,003

 

 

 

Table 6: changes in the spending by the foreign visitors (£ million)

year By purpose of visit
  Holiday Business Visiting friends and relatives  

Others

Total non-Olympic visitors Olympic visitors Total
2006 44 42 30 23 139   139
2007 47 45 32 24 148   148
2008 50 48 34 26 157   157
2009 53 51 36 27 167   167
2010 56 54 38 29 178   178
2011 60 58 41 31 190   190
2012 -20 -19 -13 -10 -62 364 302
2013 102 98 69 52 321   321
2014 107 103 73 55 337   337
2015 114 110 78 59 362   362
2016 121 117 83 63 384   384

 

 

 

 

 

 

 

 

 

 

Table 7: changes in spending by domestic visitors (£ million)

 

 

  Holiday Visiting friends and relatives Others Leisure day visitors Total non-Olympic visitors Olympic visitors total
2006 0.153 0.092 0.010 1.824 2.079   2
2007 0.193 0.100 0.011 1.832 2.136   2
2008 0.231 0.108 0.012 1.810 2.161   2
2009 0.282 0.121 0.013 1.838 2.254   2
2010 0.427 0.152 0.016 2.016 2.622   3
2011 0.964 0.247 0.026 2.672 3.909   4
2012 -23.252 -5.105 -0.544 -31.575 -60.476 277 217
2013 0.923 0.453 0.048 2.885 4.309   4
2014 1.180 0.799 0.085 0.549 2.613   3
2015 0.485 0.315 0.033 3.557 4.390   4
2016 0.410 0.302 0.032 3.727 4.471   4

 

 

 

 

Table 8: main macroeconomic indicators: Sensitivity Analysis, UK level

 

  £ million or number of jobs 80% C.V 10% less than Probability >0
Change in welfare (Equivalent variation) 736 1.011 -8 0.897
Discounted value of all future GDP 1,559 1.196 -305 0.858
GDP 2005-2011 248 1.823 -204 0.759
GDP 2012 1,067 0.519 513 0.993
GDP 2013-2016 622 2.407 -875 0.703
Total GDP change 2005-2016 1,936 1.267 -517 0.844
FTE jobs 2005-2011 2,955 3.339 -6,913 0.649
FTE jobs 2012 3,261 0.897 337 0.923
FTE jobs 2013-2016 1,948   -778 0.820
FTE jobs total 8,167 3.186 -17,842 0.656

 

 

Table 9: main macroeconomic indicators: Sensitivity Analysis, London level

 

 

  £ million or number of jobs 80% C.V 10% less than Probability >0
Change in welfare (Equivalent variation) 4,003 0.838 649 0.937
Discounted value of all future GDP 5,647 0.767 1,318 0.953
GDP 2005-2011 3,362 1.707 -2,318 0.773
GDP 2012 925 0.282 665 1.000
GDP 2013-2016 1,613 1.725 -1,169 0.771
Total GDP change 2005-2016 5,900 0.765 1,386 0.953
FTE jobs 2005-2016 25,824 1.030 -782 0.893
FTE jobs 2012 3,724 0.251 2,789 1.000
FTE jobs 2013-2016 9,327 1.571 -5,322 0.792
FTE jobs total 38,875 1.310 -12, 038 0.836
         

 

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