China Spends Most, Expects Most Returns
References: beijingolympicsgames2008
China has already invested $38 billion dollars into the Beijing Olympics, putting funds into the construction of 20 new Olympic buildings, the world's largest airport, environmental clean-up, security, advertising and more.
Usually investing in the Olympic games is seen as a "goldmine business opportunity," as Business Today calls it, adding that every Olympic game since 1976 has resulted in profit for the hosting country.
The Beijing government spent about three times as much as was spent on the Athens Summer Olympics in 2004; the Greeks ended up generating a surplus of around $11 million.
The Beijing Olympic Organizing Committee thinks their games will result in a record $30 million in profits, the funds of which will go toward Chinese athletes.
Regardless of spending, this summer's games are certain to be an Olympics to remember. Much of Beijing's funding has gone into air pollution control, but media updates don't report any significant changes.
Perhaps what they should do with their $30 million is invest in smog suits for their athletes, or for future tourists instead...
Usually investing in the Olympic games is seen as a "goldmine business opportunity," as Business Today calls it, adding that every Olympic game since 1976 has resulted in profit for the hosting country.
The Beijing government spent about three times as much as was spent on the Athens Summer Olympics in 2004; the Greeks ended up generating a surplus of around $11 million.
The Beijing Olympic Organizing Committee thinks their games will result in a record $30 million in profits, the funds of which will go toward Chinese athletes.
Regardless of spending, this summer's games are certain to be an Olympics to remember. Much of Beijing's funding has gone into air pollution control, but media updates don't report any significant changes.
Perhaps what they should do with their $30 million is invest in smog suits for their athletes, or for future tourists instead...
Trend Themes
1. Investing in Olympic Games - Opportunity for businesses to capitalize on the growth and profitability of hosting major sporting events like the Olympics.
2. Environmental Clean-up - Potential for innovative solutions and technologies to address air pollution and other environmental challenges in major cities.
3. Record Profits From Olympics - Opportunity for host countries to generate substantial profits from hosting the Olympics and reinvest those funds into sports development.
Industry Implications
1. Sports and Event Management - Disruptive innovation opportunities in designing and organizing major sporting events with a focus on sustainability and profitability.
2. Environmental Technology - Opportunities for companies to develop and implement innovative solutions for air pollution control and environmental clean-up in urban areas.
3. Sportswear and Protective Gear - Potential for disruptive innovation in developing advanced sportswear and protective gear to combat air pollution and enhance the performance of athletes.
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