What type of expense do host cities have to bear?
Before arranging any competition or Olympics, there are a lot of expenses that the host city has to bear. Expenses related to building stadiums, improving infrastructure, food, and beverages for participants, security cost, medical and sanitation services, and many more. These kinds of expenses are all indirect expenses. The direct expenses are sports equipment and other complimentary things. The host city also has to take care of lodging expenses, which includes the lodging expenses of all the celebrities and influencers hired for the opening and closing ceremonies and the coaches who have come along with the players. From basic sanitary needs to food, beverage and security have to be financed, with utter planning which costs a fortune to every city because these things are to be graded A quality or quantity. ..
How do the Host cities make a profit?
Host cities earn a lot of benefits from hosting the Olympics. They get to enjoy all the benefits that come with hosting the Olympics, such as increased employment, promotion of the culture of the city, and more.
The benefits of hosting Olympics
The Olympics are an opportunity for people to show their country’s best and brightest. The games are a way to improve physical fitness, stay healthy, train well, and be proud of yourself. The Olympics are an international event where athletes from many different countries compete. The Opening Ceremony is the most important part of the Olympics because it marks the beginning of the competition. After that, there are various sports competitions that take place. Winning medals in these competitions is a matter of pride for any player because they represent their country and make their name brighter.
Conclusion
Hosting and participating in the Olympics is a matter of national pride for any nation that cannot be measured by the profit it generates. Although hosting the Olympics will not generate any direct profit for you, which is in terms of money, it surely will provide you with a lot of hidden benefits. Playing any sport has become a dynamic feeling of competitiveness, pride, happiness, and immense learning. You can learn countless lessons through playing sports which are very important in every person’s life. From patience, teamwork, and endurance to leadership every such skill you can excel in while playing sports. In today’s world when people are isolating themselves in the virtual world of social media, playing any sport is crucial to keep your real life alive. ..
The 2016 Olympics in Rio de Janeiro were marred by numerous controversies, including the Zika virus outbreak and reports of widespread corruption. ..
The 1972 Munich Olympics were a disaster. Eleven athletes, coaches, and judges were murdered by Palestinian terrorists, and the event was widely considered one of the worst Olympics in history. ..
