does china make money out of the olympics?
what i mean is all the money that those countries put in to make buildings and such do they make all their money back from tickets and tv coverages and sponsorship or whatever
Olympics - 13 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Tickets, coverage rights, tourism (hotels, restaurants around the area)
2 :
It costs money to get in to each game.
3 :
On hotels and food. YOu bet. But I think there are rules that athlets can't make any money competeing.
4 :
yesss alot there are thousands of tourist going to olympics and they all leave money
5 :
tourism makes at least 10 billion from americans
6 :
lots of money,all the people comin from all over the world to china for the olympics they probly makin millions
7 :
oh yeah you know how much a commerical is during the olimpics ? around a million dollers. they get the money from the tickets, the food and the hotel rooms. every country does.
8 :
The money is made there in much the same way it is made in sports here. The government pays to build the facilities while private enterprise gets to reel in the profits. This has always been the real secret to capitalism: socialize the expenses; privatize the profits.
9 :
They have made tons of money, but don't forget how much TONS of money they have spent in preparation and work. Plus its more of a world status thing then money in my opinion.
10 :
Yes,the host city becomes the center of attention for 2 weeks.They will make a lot of money on tourism.People from all over the world flying in to watch the olympics live.
11 :
Not, not from tickets, etc., and TV rights are sold by the International Olympic Committee, not China. The Chinese government hopes that their tremendous monetary outlay and the world looking in at China, will result in promoting interest in China and bring massive new business to the Chinese economy, as well as greatly increased tourism.
12 :
There are so many ways China makes money. First the obvious: Hotel, restaurants, museums, landmarks, or anything that requires admission to get in either goes straight to China or they tax it and get money that way. Then the less obvious: Selling the rights to broadcast the Olympics to every country that wants to buy in, advertising, new landmarks like the Birds Nest that people will want to go to in the future, and hopefully they can create an image that makes people want to travel there, live there, and or start businesses there. The financial pluses will last for years to come.
13 :
Not only does it cost money ticket wise for viewers, but the television broadcasters need to pay to get exclusive (or not so exclusive) rights to the footage in each country. Also, TOURISM is a major draw card. Immigration numbers sky rocket for over a year surrounding the Olympics, obviously peaking around the Olympics!! Also, product rights, like those little toys, Nini etc... Yep, lots of ways =]
