Tourism

Paris and LA to host next Olympic Games

The next two hosts of the Olympics – and receivers of serious tourism benefits – have been revealed as Paris and Los Angeles.

According to Travel Market Reportthe International Olympic Committee confirmed that Paris will host the 2024 Games, while Los Angeles will play hostess with the most-ess in 2028.

It’s the first time the Committee has handed out two host announcements in one hit, with Toyko already confirmed for the 2020 Games.

Previous months has seen a number of original bidders back out, including Rome, Hamburg, Budapest and Boston, according to TMR, until only LA and Paris were left.

With only the two cities left in the end, the Olympics Committee left it up to Paris and LA to make a deal about who would host which games, although per TMR, Paris was most likely to host the next Games.

The LA-hosted Olympic Games will mark the first US hosting since 1996 when Atlanta won the rights to host the event. Bids by New York in 2012 and Chicago in 2016 were both unsuccessful.

Los Angeles has been three times lucky, however, having already hosted two previous Summer games in 1932 and 1984.

But compared to recent Olympic host cities that suffered quite heavy debt and financial struggles due to the demands of hosting the Games, both of these winners will, per TMR, rely largely on existing structures for the games, keeping their investments to a minimum.

Looking at the figures, though, and Expedia has shown how host cities have received their subsequent tourism boom.

The Expedia group has reported that Rio de Janeiro, Brazil, the host city for 2016 Summer Games, experienced substantial increases in travel demand on the company’s various platforms during the 2016 Olympic Games.

Additionally submarkets of Rio de Janeiro benefited greatly from the increase in demand to the region.

Santa Teresa saw an increase of more than 250 per cent, Barra da Tijuca with more than 170 per cent, and Botafogo with more than 130 per cent during August 2016 when compared to August the previous year.

United States travellers represented the largest group of visitors to Rio de Janeiro making up nearly 35 per cent in August for the Summer Games, followed by domestic Brazilian travellers, and visitors from the United Kingdom, Australia and Japan, according to Expedia group data.


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