Positive and Negative Impacts on the Growth of Events Industry

This report also covers the nature and characteristics of a given segment of the leisure or events industry, what economic impact towards society using PESTLE to specify these aspects and also what skills required of managers in the segment mention on this topic.

“Many current discussions about sustainability focus on the ways in which human activity...can be maintained in the future without exhausting all of our current resources… there has been a close correlation between the growth of human society and environmental degradation - as communities grow, the environment often declines” (603).

The three pillars are environmental, social and economically sustainability. However in this report, environmental sustainability will be brought to light, the two other pillars will be trivial. In order for environmental sustainability to be defined, general sustainability must be defined. Sustainability is the ability to continue a defined behaviour indefinitely (Thwink.org, 2015). For the environment, there are three aspects which must be sustained for, renewable resources, non-renewable resources and pollution. Therefore, environmental sustainability is the degree of pollution emission, renewable resource production and non-renewable resource consumption that can be continued indefinitely for future use. CAROBN

An economic impact study was conducted on the festival to show that the city was receiving a great come back for its investment. On the other hand, a survey was proposed to gather information from the local population to determine whether the festival was a quality community event and whether it was generating spending by attracting non-local and out-of-state visitors. The research team piloted an economic impact analysis with importance on the total value added to the community through expanded spending and the city’s tax collections through the event. The team also measured the level of satisfaction that the event participants had to determine the percentage of repeat visitors. However, the study rediscovered that 34,000 visitors spent an estimated $7.32 million with local vendors on many goods and services during the festival. The positive economic impact, favorable reviews by attendees, number of return visitors, and variety of attractions that festival goers selected indicated that this even is both a successful economic stimulus and an effective community development

Sustainability is the foundation upon which resilient and adaptive design was built. It “is based on a simple and long-recognized factual premise: Everything that humans require for their survival and well-being depends, directly or indirectly, on the natural environment” (Sustainability and the US EPA). Concern for the environment grew in the 1960’s, and after the creation of the EPA in 1970 the term sustainability came into use. “Sustainable development emerged as a result of significant concerns about the unintended social, environmental, and economic consequences of rapid population growth, economic growth, and consumption of natural resources.” (Sustainability and the US EPA). In the U.S., the history of sustainability is rooted in American

Help to identify the several impacts on the sustainability and help to get relevant corrective actions

Governments, environmental agencies, and corporations alike have utilized the term “sustainability” in order to convey their respective agendas for general sustainability in environmental, social, and economic realms. In spite of their initiatives, there has yet to be a generally agreed upon, uniform definition for “sustainability.” This lack of semantic clarity has promoted skepticism among some parties, skepticism primarily focused in the legitimacy of sustainability agendas, as well as the idea of sustainability in itself (Context & Development, 1992). This essay seeks to inspect the concepts of sustainability generated by two

On the other hand, the Olympics have created a positive economic impact for the host country in many other ways. The increased tourism causes an economic boost

Analyzing the event research means that the ramifications of organizing Tough Mudder will involve several players toward understanding different vital factors. For example, aspects of marketing will take a high precedence in regards to the models of operation such as emergency plans and scheduling to accommodate the targeted audience. Conversely, attendance audits always factor in advertisers, attendees, and exhibitors to facilitate the decision-making process (Mallen & Adams, 2013). It equally assists in finding the accuracy of available data in most parts of South East Queensland. Therefore, during the event research, economic impact studies are fundamental because they will compare varying variables that are under

As well as providing opportunities to increase direct expenditure at a destination, they can also contribute substantially to a destination’s range of tourist attractions, facilitate media coverage for the destination, promote awareness of the destination for future visitation and lead to the construction of new facilities and infrastructure. The prominence given to special events by governments and tourism marketing organisations has resulted in some destinations seeking to specialise in the creation and hosting of special events. There is also a trend towards the construction of ‘mega-venues’ catering for conventions, trade shows, art and sporting events.

jobs can come out of this event, tons of side jobs become available as well. During these kinds of

Utility: I am going to use this article to compare the outcomes of different countries who hosted mega-events as well as to look at the political motivation that affected that country to bid to host in the first place. I will also use the article to look at how the mega-events affect different sectors of the country/city. The article is split up into five different sections that each go into depth regarding specific experiences, the politics and economics of sport in an urban setting, place promotion, and then finally the implications of opportunity costs and who is benefitting from hosting these huge events. I think this article has key points that will guide my argument that firstly; events of mass public appeal are politically driven, and that often the profits of these events are only truly benefiting a small sector of the

Economic factors include the operation in tourism and hospitality industry. Such factors can influence the expenses and revenues of the organisation that are working in tourism and hospitality industry. The prices of raw material, inflation rate and product prices also impact the industry. Exchange rates and rate of interest greatly influences the industry. The financial recessions all around the world has led to reduce the purchasing power of the tourists and customers. Thus, therefore, the overall revenues generated from tourism and hospitality industry impacts the financial

Sustainability is a topic that has become very important in recent years. Sustainability is defined as, “the ability to continue a defined behavior indefinitely.” ("Finding and Resolving the Root Causes of the Sustainability Problem", 2014)

Olympic Games, as a global event, any Olympic Games will have a different impact on the environment, society, culture and economy of the host city and country. Especially since the 1980s, with the scale continues to expand, the impact of the Games on the host city and country of more concern. Another important issue will be social communities. For Olympic Games host city, it will has lots of change, like environment, social communities, local economic, etc.… But the host city still got something attractions and cultural staff. For example, Canada Whistler Winter Olympic Games, First, because of economic development, job opportunities increase, leading to increased consumer demand. Second, the Olympic Games will have a great demand for