Gains and costs of London Olympics

As it was already obvious, the London Olympics 2012 did not bring much profit to the city, as there was no sign of the expected enormous number of tourists and overseas visitors. According to official figures of the United Kingdom’s Office for National Statistics, in July 2012 total number of foreign travelers who visited London was 3.18 million – that is 180,000 fewer if compared to last year July. Most of all – about 2.12 million people – came from European countries, followed by tourists from China and North America.

The money spent by visitors in the capital of Great Britain also made only the sum of £2.01 billion (US$3.25 billion) – £120 million less than last year.

Meanwhile, the cost of the London Olympics was about £9 billion, so the figures of tourist arrivals and their spending do not look very positively. This is not the first time when such negative effect on tourism could be observed during the Olympics – Beijing and Athens saw the same fall of industry.


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