Conducting the Olympics is a very responsible and costly event. Therefore, it is very often possible to hear criticism of those who seek to become a contender for organizing competitions. However, the Olympics brings the city where it is held, not only material costs, but also benefits.
To hold the Olympic competitions at the proper level, the city, which received the title of organizer, attracts huge forces from all over the country - these are designers, and land surveyors, and just builders. Closer to the Olympics itself, the city is filled with volunteers who conduct an information campaign to support the event. Many believe that all this is a waste of time and money that could be spent on other needs.
This statement is partially true. But for the most part for those countries that are struggling with their last strength when organizing such a large-scale competition. So, for example, happened with Montreal, which for another thirty years paid off its debts for the Olympics. Naturally, the leadership of the city and the country is obliged to calculate everything well before sending an application for the Olympics. It is necessary to carefully consider with what forces it will be possible to fulfill all the required conditions of the International Olympic Committee.
But the Olympics are not only a ruinous event. In most cases, on the contrary, it is very profitable. Firstly, the flow of tourists and sports fans to the city immediately increases. They can see with their own eyes all the advantages of this or that place and then come here just to rest.
Secondly, fans who came to the Olympics must live somewhere, and this is a net profit for both hotel owners and private housing, which is also actively rented out at this time. Moreover, rental prices rise 2-3 times during such large-scale events.
Third, there is additional profit for shops and catering establishments. After all, all guests of the sports movement need to eat. And the Olympics lasts no less - 2 weeks. In this regard, the owners of catering points can for
it's time to make annual revenue.
Of course, souvenir merchants are also not at a loss. This means that the work of industrial facilities for the production of various souvenirs with Olympic symbols is stimulated. And this has the most positive effect on the country's economy as a whole.
And, finally, the city is left with freshly built modern Olympic facilities, many of which are equipped with the latest technology. This enables local residents to develop sports in their region at a fairly high level. Again, the flow of tourists who want to use the services of ski slopes, swimming pools, ski slopes, etc. is increasing. Therefore, the material base of the city, where the Olympics took place, is improving.
