IMPACT OF EVENTS ON HOST AREAS

Impact of events on the economy and communities of host areas

Impact of events on the economy and communities of host areas

Introduction

Events help re-energize a region by providing the economic infrastructure of the region to make use of opportunities to perform business. In essence, events help to bring out the full potential of the region. Business ventures find opportunities to forge business partnerships and the businesses in the region acquire exposure as a result of the same it is because of this multilateral utility of events for the region (Bailey, Miles and Stark 2004). In this regard, the following discussion will attempt to present a broad picture of the manner in which events help a region. Specifically, the discussion will highlight the negative and positive impacts of the events, global and regional aspects, wider economical and social impacts of the events, social, cultural, physical, political and tourism impact amongst others.

Discussion

Event is seen as an important driving force of tourism, and the effective image as a tourist destination increased. Landmark event, usually held at a location in the city, for example, have been called the "new image of our builders," including a new set of definitions and terminology of research has developed to a new phenomenon discourse. "Special event" is an early, including long-term use in the literature. This is understood to include different types of activities, including large-scale activities (such as the Olympics and World Cup), a landmark event (closely linked with the target), festivals and other more moderate.

Over time, the definition of adjusted (BOO and Busser 2006 years). Some major events, such as the Olympics and the Rugby World Cup, held across multiple national or regional economic body (now, more than one country, because the World Cup has been the case.) This has led to tourists traffic patterns into and out of the country to organize activities.

Changes in spending patterns brought about by the increase in tax revenues caused by the event and reduce the different aspects from different sectors of economic activity taxes are different. In addition, changes in tax revenues, leading to changes in government spending and tax rates, which in turn affect economic activity. Events are usually subsidized by the Government. These subsidies need revenue funding or other government spending cuts. Of these changes on economic activity and future work of national and.

The key question is to what extent integration with the United States to each other (Bowdin and so on. People. 2006). They just made a unified national economic geography components, or its mode of operation, to a certain extent, as an independent economy,? If a country's economic operation as an independent moderate, a border incident in its economic impact will be greater than if the country is part of a seamless national economy less comprehensive. This is because resource constraints will be more independent, comprehensive economic integration than the economy. Event will increase the economic activities in the country, but the resource constraints (for example, labor availability) will limit the ...