Vladimír Urbánek (Kurzy.cz)
Markets  |  August 08, 2012 11:42:39

The Olympics is not yet as much as originally expected

According to agency reports the current totals of economic benefit terms the London Olympics are lagging behind expectations. The numbers of tourists and traders' earnings fall short of original estimates.

The British government estimated that the Olympic Games draw to a country to 2 million tourists. After the first half of games, it seems that these estimates were not realistic. Hoteliers in many cases reported by non-fulfillment of their capacities, room rates are often reduced by up to 30%.
According to many observations, it seems that LOH saves visitors to "accompanying" cost. To use the ready-meals snacks, instead of filling up hotels and campsites instead of taxis used to transport public transport network.

One of the few "prosperous" uptown area is Stratford, where it was constructed of Olympic facilities, built a number of operating infrastructures were built thousands of new apartments and the largest shopping center in Europe.The contribution of LOH for other areas of London is reportedly limited.
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