Study on the multi-dimensional influence of large-scale sports events on the economic development of host cities

Abstract

With the continuous development of the social economy, more and more cities have begun to take the initiative to host large-scale sports events. Therefore, it is essential to analyze large-scale sports events' impact on host cities' economic development. This paper examines this problem from four aspects. First, this paper explores the potential of each sports event in the context of large-scale sports event hosting and develops its related surroundings to meet consumer demand, thus driving the vigorous development of urban sports tourism. Then, combined with the exercise and display of the city’s comprehensive strength, the event will show the image of a “promising government” and attract the circulation and introduction of foreign capital. Then, by demonstrating the government’s ability to coordinate and innovate, it can promote the long-term economic benefits brought by population inflow to the city, and undertake the city to promote the development of surrounding less-developed cities through transportation and other infrastructure construction, to promote regional coordinated development. This paper analyzes and comments on the positive impact of hosting large-scale sports events on urban economic development from these four aspects. At last, this paper expounds on the negative impact of hosting large-scale sports events, which may bring about a large amount of money to build venues, such as capital deficit and idle venues, and analyzes the specific impact.