Traditional Culture Encyclopedia - Hotel accommodation - Hotel open space
Hotel open space
Due to the impact of the COVID-19 epidemic in 2020, the global economy is facing great danger. Every country has different measures to deal with the COVID-19 epidemic, which leads to great differences in the impact of the COVID-19 epidemic in many countries. The Olympic Games is a sports event for the whole world, so every country will basically send its own team to participate in the Olympic Games. However, due to the epidemic, the number of teams participating in the Olympic Games may be much less than in previous years. Therefore, the number of teams participating in the Olympic Games has decreased, which has also led to a significant decline in the appreciation of the Olympic Games. This is also one of the reasons why the Olympic Games may have a great impact on the local economy. Most of the profits that Japan can earn through the Olympic Games have also disappeared because of the ticket revenue and the appreciation of the Olympic Games.
So, if this Olympic Games is held as scheduled, what benefits will it get? I think the biggest advantage of holding the Olympic Games as scheduled is the benefit of TV broadcasting. After all, only through the way of empty holding can we understand the real-time situation through online viewing. Therefore, when Japan hosts the Olympic Games, it will gain some profits from the broadcasting rights. But the cost of hosting the Olympic Games is very high, including the construction of venues and the expenditure of manpower and material resources. Therefore, hosting the Olympic Games may cause great losses. Therefore, it will be very different from the budget and will have a great impact on the local economy.
The budget difference directly leads to the government deficit. As can be seen from the GDP index, government finance is one of the four parts. Therefore, the serious deficit of government finance will inevitably lead to a significant decline in GDP. Therefore, the open-air hosting of the Tokyo Olympic Games will have a downward impact on the local economy.
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