The Effects Of Post Olympic Games On The Olympics

‘Bubble economy’ is the third reason of the ‘valley’ effect of post-Olympic Games. Before the Olympics, many tourists and company go into the Olympic host country to consume. They will largely promote this country s development of the construction industry, tourism, services, retail and other industries. Especially in tourism, the Olympic Games will bring numerous tourists for host city, and these tourists will consume in the city, and these tourists need pay for food, accommodation, transport, purchase goods and souvenirs and, some companies and people also will consider purchasing real estate in the Olympic Village. However, after the end of the Olympics, these tourists will leave the Olympic host country gradually, causing tourists and consumers reduce in the Olympic host city and the economic markets shrink. Because of the above reasons when the Olympics begin, the host country have a considerable economic development, the construction industry, tourism, services, retail and other industries go into a few peak. But after the Olympics, consumers leave the city, which lead to a rapid decline of the economy development. Thus the lacking of consumer lead to a number of economic and social problems, such as unemployment, poor sales of goods, tourism slump, the real estate bubble. Especially in tourism, the influence of Olympic economy bubble is the most serious for tourism. A report from The European Tour Operators Association (ETOA) shows some information. After theShow MoreRelatedImpact Of 2012 Olympics On Hospitality Essay1721 Words   |  7 Pages2012 Olympics and its impact on the hospitality industry of London. Research Background / Context On 6th July’ 2005 London was selected as the host city for the 2012 summer Olympic and Paralympics Games. 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