So what do you think about the Olympics with no spectators. I guess it will all be virtual and there goes any luck of Japan getting their tourism money.
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So what do you think about the Olympics with no spectators. I guess it will all be virtual and there goes any luck of Japan getting their tourism money.
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Definitely a huge hit on tourism. I don't have any idea of how money the Olympics usually move, but I'm sure it's a lot
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I think they tend to be like Superbowls. They are money losers for the city that hosts them but the businesses make out. Plus, the city gets an overhaul partially paid for by the different Olympic Committees.
To be honest with you, I havent watched the Olympics in years so I could care less.
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Yup, that's true.
I was one of the many project managers of the Rio 2016 Olympics and I could see that.
Also, many politicians got their pockets filled out of that one
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Yea politicians definitely get their pockets filled. Either by placing their choice of people/businesses and favors to people for tickets.
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And sometimes it's just plain bribery, overpriced contracts and money laundering.
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Not surprising the politicians made bank off of it.
They are the same all over the place. No difference no matter what the political structure or system.
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Yea the amount of money for flights, housing and even tourism is crazy. I think the amount of people jumping into the fire from all around the world helps the entire country's economy.
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That is a costly decision. I know that countries put up big bucks to try and get the Olympics and start upgrades long before the games start. The key is money flowing in, something that isnt going to happen now.
I think the world ought to get use to events like this as we forge deeper into this decade. By the middle of this one, we might not be inclined to visit in person because of the hassle.
Imagine if VR was near to the experience as live. I saw a video yesterday of what VR is starting to look like, I will try and find it.
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Now you're talking. I'd forgotten about The Olympics and Japan will surely take a hit, but the tweet says no foreign spectators. So will it be just local Japanese? or a vast empty stadium?
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If they are like the rest of the world, if they allow spectators, it will be in limited number.
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If we have VR, I think it would completely destroy the entire business models. Then again we might just have virtual cities as tourism for people during the breaks.
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The industry that I often think of as cooked when VR comes about is the seminar/conference industry. There is big money in that (pre COVID anyway) for hotels and event planners.
Who needs that with VR?
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Hookers are going to be the "real" losers when VR hits. lol
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Yeah VR porn is going to be huge, no pun intended.
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Audience and crowd is what makes the Olympics as well as any other sport fun . Although I would still watch it without crowd , it will be less fun and the hosting country will lose a lot in terms of tourism .
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Yea I agree. But I bet you many stores in Japan created Olympics goods for the tourists. So I guess it will be going to waste and all the money these companies pushed for favorable stalls/etc are probably gone.
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Totally , India is thinking of bidding to host Olympics ( in 2032 , it's a decade away ) but it is already making preparations , it is started to build all the necessary stuff for it so it is understandable that those countries which are hosting in the coming years already would have invested so much into it :(
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Didn't think of that but there was probably a lot of money already laid out that will just have to be eaten.
Will further impact the economic situation there.
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