Hosting an International Sporting Event - Case Study Example

… The paper "sporting event Economic Impact" is a good example of a macro & microeconomics essay.... The paper "sporting event Economic Impact" is a good example of a macro & microeconomics essay.... Moreover, the studies conducted cannot authoritatively disclose whether the money in the sporting event venues stays within the local economy.... Lastly, whereas economic impact studies are largely used by sports boosters to gain access to public funds to be spent on infrastructure, the most important question to be asked with regard to the studies is whether research carried out by agents who have an interest in the matter can be regarded as unbiased when it comes to a clear reflection of the effect of sporting event on the economy....

It has become more than a sporting event as countries use it to market themselves and their potential in a global perspective (Kunze, Antje, Halatsch, Vanegas, and Jacobi 2011, 14.... … The paper "Sustainable event Development" Is a great example of a Management Case Study.... The event attracts qualified nations from all over the world after a series of elimination and knockout competitions.... nbsp; The paper "Sustainable event Development" Is a great example of a Management Case Study....

… The paper "Benefits of Hosting international sporting Events" is a great example of a business case study.... The paper "Benefits of Hosting international sporting Events" is a great example of a business case study.... Benefits of hosting international sporting events Improved infrastructure According to Adams & Parmenter, (1995), Hosting Olympics improves infrastructure for example where the sports field are built by sponsors such as FIFA....

This clearly indicates how the sporting event is of great importance to many people (Adrian 2010).... nbsp;Federation of International Football Association (FIFA) world cup is the most common sport event on the planet.... Currently, it's estimated that the event has over one-third of the world's population as fans.... nbsp;Federation of International Football Association (FIFA) world cup is the most common sport event on the planet....

Role of Mega-Events in Encouraging Tourism The plea for hosting a mega event, in particular a mega sporting event, has gone up considerably over the past two decades.... Researchers have put great effort into defining the character and coverage of event tourism (Getz 2005: 20).... event tourism is defined as organized planning, development and promotion of planned events to attract tourists as well as for their benefits to enhance marketing, image-making, and development....

However, Australia tried to capitalize on benefits associated with hosting an international event such as the world cup but failed (Baade and Matehson, 2004).... Australia understands the benefits of hosting the event but also appreciates intricacies associated with hosting such events.... Research Aims and Objectives The aims and objectives of the research are: Review the weaknesses of the 2011 bid Review the strengths of the 2011 bid Benefits and significance of hosting the event Threats and negative consequences of hosting the event The Significance to both Industry and the Community The significance of the bidding to the industry and the community bring into consideration the following information: The country features such as hospitality and tourism sector can benefit (Baade and Matehson, 2004) The country introduces new infrastructural development resulting in the modernization of stadiums, hotels and other infrastructures (Nooij, Berg and Koopmans 2013) Creation of new employment opportunities and other opportunities that can boost the economy 2....

… Generally, the paper "Mega-event and Hallmark event: Distinguishing Characteristics and Role in Tourism" is a perfect example of business coursework.... Generally, the paper "Mega-event and Hallmark event: Distinguishing Characteristics and Role in Tourism" is a perfect example of business coursework.... Researchers are putting greater effort into defining the character and coverage of event tourism....