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Yeah that's what the Olympics are always like. They're vanity projects. They don't bring in money
by bowsamic 2y ago
Yeah that's what the Olympics are always like. They're vanity projects. They don't bring in money
- brookst 2y agoI would expect some increased tourism?
- progval 2y agoHotel occupancy rates are down 25% https://www.euronews.com/2024/07/02/paris-hotels-struggle-with-low-demand-as-olympics-approach https://www.euronews.com/2024/07/02/paris-hotels-struggle-wi...
- RandomThoughts3 2y agoIn Paris? Doubtful. It's not like Paris need the olympics to be full of tourists. I read of very good editorial a few weeks ago regarding these games and how unliked they are in France. The journalist remarked that hosting the games is mostly a PR move from a city and, that if there is one thing Parisian could be counted on for, it's not caring about their own image in the rest of the world, leading to some kind of paradoxical situation here.
- dralley 2y agoIf you have the infrastructure already, they bring in money. Salt Lake City and Atlanta I believe were both able to make them profitable or at least mostly breakeven.
- insane_dreamer 2y agoBeijing used the opportunity to completely transform the city, build a bunch of new subway lines, infrastructure etc. Definitely not a vanity project.