OLYMPICS

Effects of Olympics on Tourism Destination

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Table of Contents

Abstract3

Statement of Purpose4

Thesis Statement5

Annotated Bibliography6

Outline11

Chapter I: Introduction12

A1: The meaning behind the Olympics Games11

A2: History of the Olympic Games11

Chapter II: Literarture Review11

B1: What the Olympics Means to the Economy11

B2: The Rise in Tourism due to the Olympics11

C1: Process of Hosting the Olympics11

C2: Preparation for Hosting the Olympics22

C3: What it means to the travel and tourism Industry23

Chapter III: Conclusion26

References29

Appendix31

Abstract

Over time we have seen that the Olympics have become an event of world in which there are few countries that can throw the realization bet let alone saying they can win out with them. Through the holding of the Olympic Games, many of the host nations have experienced an immense amount of growth in their economy. In the end, it could rightfully be said that Olympics have a huge impact on each and every aspect of the host country, whether it be tourism, travelling, economics, along with many other financial benefits.

This is the main reason why every year there are so many countries fighting to host for the Olympic Games, as it gives a huge economical boost to the country, along with its infrastructures. By themselves, the ticket sales for the sporting event represented a fifth of GDP growth. The economies of many countries such as the UK has emerged from recession in the third quarter, even showing the strongest growth in five years, reflecting a rebound at least in part the extra business generated by the Olympics. Gross Domestic Product (GDP) grew by 1.0% during the period from July to September after falling 0.4% in April-June, announced Thursday the Office for National Statistics (ONS). The magnitude of this increase can be explained by the exceptional and temporary factors and could therefore mask an underlying trend lower. It is not less than expected and could allow Britain to avoid a decline in GDP over the whole year.

Statement of Purpose

The purpose of this research is to briefly analyze the impact of Olympic Games on the host nations, and the impact that these games have on the tourism industry of the host nations. Along with that in this research paper we will describe what the Olympic Games mean to the economy of the country hosting the games, and what measure have been taken by the host nations that have hosted the Olympic Games till 2012. In this paper we will also provide a brief overview of the process involved behind the selection of the host nations for hosting of the Olympic Games.

Thesis Statement

This research aims to assess the economic and social benefits derived from the macro-organization of events such as the Olympics. Along with that it aims to analyze the impact of Olympic Games on the tourist destinations, and thus the research will enable the host nations to understand the techniques through which they can boost their tourism industry.

Annotated Bibliography

I

Daly, Kevin. (2012). Impact on the UK: 2012 Olympics Likely to Provide Economic as well as Sporting ...