Hosting the modern Olympic Games is fraught with hassle and colossal financial costs. In the city where the competition will be held, it is necessary either to build new sports facilities, or to modernize the existing ones, and at the most modern level. Nevertheless, there is no end of cities wishing to host the Olympic Games. Why is this happening?
Competitors will need to build an Olympic Village, new hotels for tourists, and press centers for media workers. In most cases, it is necessary to expand the capacity of the transport network, ensure the safety of participants in the Olympics, etc. Everything requires a huge investment. Finally, when holding some competitions (for example, marathon running, walking, cycling) it is necessary to block part of the streets for vehicles and pedestrians, which creates considerable difficulty for residents and guests of the city. Despite these costs, cities benefit significantly from the Olympic Games.
Considerations of prestige cannot be discounted. Reception of the Olympic Games is a great honor both for the entire state and for the city where they will be held.
In addition, the Olympics are a great bait for businessmen working in the field of advertising. After all, the competition will be watched not only by those spectators who are directly at the stadiums, but also hundreds of millions, even billions of TV viewers! This is a huge audience of potential buyers.
Tourist spectators who came to the Olympics spend a lot of money during the period of the games, buying food, drinks and souvenirs, using local transport, Internet cafes, etc. At least part of these amounts will remain in the local budget. In addition, residents and guests of the city will then use new sports facilities, hotels, roads and other Olympic facilities.
Finally, the Olympic Games that took place can literally breathe new life into the city and give an impetus to its development. They are able to bring dramatic changes in literally all aspects of his life, increase the influx of foreign tourists. A classic example is Barcelona, which, after the 1992 Olympics, has become a world-class resort: the number of people wishing to visit this city on the shores of the Mediterranean has grown several times at once.
