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What did you think of this topic? Is this new for you with an economic analysis? The article The economic impact of participant sports events-:11
What did you think of this topic? Is this new for you with an economic analysis?
The article "The economic impact of participant sports events-:11 case stud'.r for the winter world masters games 2020 in Tvrol. Austria. Economies. 3(4). 94" bv Lintumaki etal. {2020] highlights the positive and negative impacts of sports activities in the economv focusing on the Winter World Masters Games {WWMGsi sport events in Tvrol. From the studv. Lintumaki et al. {2D20i state that the economic impact of sports events. facilities.teams. or cities can generate long and short-term benefits to the host countrv or region as a destination for tourism. leading to increased job opportunities. The studv was conducted by classifying the participants into two different categories based on their communityr settings. which are Non-Tyrol or Tvrol. Therefore. an online questionnaire was formulated for data collection before the events began. where the participants were expected to submit their feedback during or after the events were complete. The use of questionnaires was to estimate the economic impact of WWMG sports and the job opportunities it has offered in that region. Additionally. WWMG event:- incorporate participants capable of traveling alongside their friends and families. making a great impact on the community's involvement in various business activities. Some of the kev findings and conclusions were increased traveling. production and buving of commodities. advanced infrastructure. and accommodations. among other business opportunities {Lintumaki etal.. 2020'). Increased movements of guests and local tourists in the region led to high economic returns. From the article. the impacts can be both indirect and direct in economic. cultural and social. depending on the participants of the scheduled events. Similarly. one of the existing alternative conclusion is that various skilled individuals like sales representatives. designers. engineers and production workers in Tvrol reallv benefits from such events since it is a time when high emplovment opportunities exist. Also. it can be concluded that such kind of sports event creates room for various enterprises to prepare in advance since the spectators and participants always visit the host region prior to the main davs. .ls a result. those involved in business have ample time to employ.I more people for high production rates. leading to increased economic income in the region and to the individuals
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