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Positive Impacts of London Olympics to UK Economy - Essay Example

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The Olympics are known to be one of the largest sporting activities globally, which means that the games bring with them significant economic impacts to the host country. This paper tells about how the Olympics benefited the UK in relation to the economy and infrastructure…
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Positive Impacts of London Olympics to UK Economy
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Positive Impacts of London Olympics to UK Economy

The impact of the Olympic Games to the United Kingdom will ever be felt and seen even after the games ended in relation to economic advancements, developments, and features, which include unmatched infrastructure and other economic impacts.
the Olympic Games have led to rapid modernization of transport services. This is in relation to infrastructure such as then underground and Docklands Light Rail in an attempt to cut back on the pollution related to high transport rates. The country has also ripped benefits from the Olympic Games following the reduced congestion that was experienced because of expanded transport systems. This means that the UK gained substantially since without the Olympics the remaining infrastructure can still handle the reduced population using the transport system. In addition, the UK has benefited concerning the environment due to reduced emissions of both sound and noise. On the other hand, airports have received a significant boost from increased traffic from international tourists looking to enjoy the English culture after the tourism marketing from the Olympic Games.
The United Kingdom has reaped the benefits of the Olympic Games on a large scale in all sectors of its economy. Therefore, in relation to this, it is safe to say that the Olympics were a blessing for the nation in spite of the costs involved in organizing the games. This shows how much the UK gained from international tourism, which brought in significant amounts of foreign exchange and sold more of the English culture to the rest of the world. It also creates an opportunity for international marketing of the UK as a tourist’s destination after the Olympics....
It also creates an opportunity for international marketing of the UK as a tourist’s destination after the Olympics. In addition to the economy, the Olympics have set the UK as a destination for business tourism; this is following packages developed by different companies in an attempt to cash in on the Olympics held in London. Such companies include Excel and O2 with a significant case of event venues tailored to meet the needs of business tourists due to the lack of dedicated international conference centres in the UK (Communities and Local Government 2009, p.49). In addition, following the influx of tourists, other industries such as housing and rent have enjoyed the benefits of the Olympics. In housing and accommodation services, the Olympic Games created an opportunity for property owners to rent out their properties to interested parties. This happened for prices similar to those that were used in previous Olympics, where the rental price went up by over ten times the normal going rate. As a result, the economy has reaped significant economic benefits in form of finances from domestic and international tourists who were interested in living near the venue of the games. In relation to transport, the United Kingdom has achieved substantial progress all thanks to hosting the Olympic Games since before the games were held; the country had to make preparations in readiness for the games, which means that there must have been infrastructural developments to handle the large amounts of traffic. In this case, traffic refers to both human and vehicular systems that include motor vehicles and trains meant to assist in the ... Read More
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