Visa Reports Olympic Consumer Spending Boost – The Guardian

Reports that consumer spending in Britain has crashed as a result of the Olympics look to have been largely unfounded, according to Visa figures that show spending marginally up during the first week of the Games. The credit card supplier said domestic spending on British Visa cards reached £7.4bn last week, up 3.4% on the previous seven days, but only a modest increase of £200m on the same week in 2011.

Spending on cards by international visitors in the UK in the same period rose to £456.9m, an 8% increase on the same week in 2011. Despite reports from retailers and restaurants in London that business has been massively down on previous summers, Visa said spending on its cards by tourists in restaurants across the country was up 19.6% last week to £12.7m.

It seems Usain Bolt hasn’t been alone in hitting the capital’s nightclubs, with Visa saying such spending among foreign cardholders was up 24% to £2.1m last week. Despite the late nights, visitors are still finding time for sightseeing: card spending on attractions and exhibitions was up 12%, it said

Full article:
Visa Reports Olympic Consumer Spending Boost – The Guardian
By Miles Brignall
Link to The Guardian article

Olympic Hospitality Houses Open Doors for Patriots and Promoters – The Guardian

High above London at Alexandra Palace, the floodlights of the Olympic Stadium are just a blur on the horizon, and sporting discipline could not be further from anyone’s mind. As the B-52s blast from the stereo the bar is heaving and the air is thick with the smell of beer and savoury Dutch snacks.

For Gertjan van Holland, a research consultant wearing an orange suit that he ordered online and a cowboy hat with orange tinsel, it is the perfect way to celebrate visiting London. “The Holland Heineken House is very famous in Holland so if you’re at the Olympics you have to experience it,” he says, as the Dutch swimming champion Ranomi Kromowidjojo takes part in a live television broadcast to whoops and cheers. “It’s the big party.”

Full article:
Olympic Hospitality Houses Open Doors for Patriots and Promoters – The Guardian – August 7, 2012
By Lizzy Davies and Esther Addley
Link to The Guardian article

Sales of Olympics Opening Ceremony Tracks Soar – The Guardian

Over 50 British songs employed in the soundtrack to the opening ceremony of the Olympic games have enjoyed a total sales uplift of 185%, according to music industry trade body BPI.

The ceremony – which attracted 27 million TV viewers in the UK – celebrated the success of British music through the ages with tracks by the Who, Soul II Soul, and Muse, New Order, and Dizzee Rascal also seeing substantial sales uplifts.

Full article:
British Rowers Capture First Gold for Hosts – The New York Times – August 1, 2012
Link to The Guardian article

Londoners Wary of Olympics Makeover – Financial Times

As London’s recasting for its starring role in the world’s biggest sporting extravaganza got under way in earnest this week, the city’s residents could see for themselves the evidence of its transformation.
With less than a month to go before the games open, huge Olympic rings have been suspended beneath Tower Bridge, tired-looking high streets have been jet-washed, primped and painted and Olympic signage festooned on lampposts. When the sun is ready to shine, London will be ready to dazzle.

Full article:
Londoners Wary of Olympics Makeover – Financial Times – June 29, 2012
By James Pickford and Helen Warrell Link to Financial Times article

London Olympics: Good Will, But Not Good Health – USA Today

The world’s biggest festival of exertion is coming to Britain – The Olympics begin in London on July 27, bringing with it the hope that Britons will be inspired to lumber off their sofas and hit the country’s running paths and playing fields.

Since London won the Games in 2005, politicians and Olympic officials have promised that the competition would galvanize more Britons into playing sports, though little evidence exists that merely hosting the Games has done anything of the sort.

Full Article:
London Olympics: Good Will, But Not Good Health – USA Today – June 21, 2012
By Traci Watson
Link to USA Today article

No Gold Medal for London’s Olympic Tourism – The Wall Street Journal

With just six weeks to go before the start of the summer Olympics, the Games aren’t shaping up as a medal winner for British tourism. Despite the anticipated arrival of 600,000 to 700,000 Olympics visitors to the country in July and August, U.K. tourism officials say that overall overseas visits to Britain will be about the same in 2012 as the prior year, about 30.7 million. They expect visitor spending to be unchanged at £17.9 billion ($27.7 billion).

Full article:
No Gold Medal for London’s Olympic Tourism – The Wall Street Journal – June 15, 2012
By ALICE SPERI
Link to The Wall Street Journal article

London 2012 Olympics Will Come in Under Budget, Government Says – The Guardian

The government has promised the Olympics will come in under budget – at a cost of less than £9bn to taxpayers – but will spend extra money within that on crowd control measures in light of a bigger-than-expected turnout for the jubilee celebrations and the torch relay

Full Article:
London 2012 Olympics will come in under budget, government says—The Guardian—June 13, 2012
By Owen Gibson
Link to The Guardian article

Olympic Opening Ceremony Will Recreate Countryside with Real Animals – The Guardian

The surreal vista of a “green and pleasant land” with giant maypoles representing the symbols of the four nations of the UK around which children will dance, is the scene for the opening sequence of Danny Boyle’s £27m opening ceremony extravaganza.

Full Article:
Olympic opening ceremony will recreate countryside with real animals – The Guardian – June 12, 2012
By Owen Gibson
Link to The Guardian article

Queen’s Diamond Jubilee: BBC Takes TV Ratings Crown – The Guardian

The BBC may have faced a broadside of criticism for its Thames pageant coverage, but still ruled the waves ratings-wise over the Queen’s diamond jubilee bank holiday. Monday’s Diamond Jubilee Concert averaged nearly 15 million viewers – the biggest TV audience of the year so far.

BBC1′s ratings highlights over the bank holiday included average audiences of 14.7 million viewers for Monday night’s Diamond Jubilee Concert and 10.3 million for the much-maligned Diamond Jubilee Thames Pageant on Sunday afternoon.

Full article:
Queen’s Diamond Jubilee: BBC Takes TV Ratings Crown – The Guardian – June 6, 2012
By: Jason Deans
Link to The Guardian article

Olympics Publicity Boots Consumer Demand – The Financial Times

Olympics-related publicity has boosted the appetite for British products among luxury-hungry consumers in China and India, according to new research.

More than 60 per cent of respondents in the two countries said they wanted to buy more British products because of publicity around the games, according to the survey from Deloitte, the professional service firm, while 80 per cent said they were more likely to visit the UK.

Full article:
Olympics Publicity Boots Consumer Demand – The Financial Times – May 26, 2012
By: Vanessa Kortekaas
Link to The Financial Times article

Olympic Games Will Boost UK Economy, Predicts Bank of England – The Guardian

Britain’s struggling economy will receive a much-needed boost from the Olympic Games this summer as more tourism and extra public spending lead to increased activity that could spell the end of the double dip recession, the Bank of England said.

In its assessment of the likely impact of hosting the Summer Olympic and Paralympic Games, Threadneedle Street said it expected output to be around 0.2% higher in the third quarter than it otherwise would have been.

Full article:
Olympic Games Will Boost UK Economy, Predicts Bank of England – The Guardian – May 16, 2012
By Heather Stewart and Larry Elliott
Link to The Guardian article

National Branding’s Master of Ceremonies – Financial Times

“The Olympics reflect very much how governments and countries see themselves,” says Mr Balich, who will spend two years in Rio organizing [the opening ceremonies]. “Each nation wants to express its soul and talent…When you are strong in your roots you are more equipped to deal with other cultures, having no fear to confront the outside world.”

Full article:
National branding’s master of ceremonies – Financial Times – April 12, 2012
By Guy Dinmore
Link to Financial Times article

Businesses Count Cost of Olympic Games – Financial Times

As Olympic organisers on Wednesday mark 100 days to go until the start of the London games, the disruption caused to businesses based in the shadow of the stadium is all but forgotten. Just over five years ago, H. Forman & Son and more than 200 other local companies ranging from manufacturers to scrapyards were turfed off the industrial site in the biggest compulsory purchase of land and buildings in modern times.

Full article:
Businesses count cost of Olympic games – Financial Times – April 17, 2012
By Vanessa Kortekaas

Link to Financial Times article

Will GB Reap ‘Great’ Tourism Rewards?

A multi-million pound international campaign has been launched to entice visitors to the UK. But with the Olympic Games expected to draw the attention of four billion global viewers, is this marketing push money well spent?

Full Article:
London 2012: Will GB reap ‘great’ tourism rewards? – BBC News – Feb. 9, 2012
By Michael Hirst
Link to BBC article

London: A Global City

For all the flag-waving and general Britishness, however, the underlying vision is outward looking. London won the rights to host the Olympics by presenting itself as uniquely global, rather than quintessentially British. And the city remains ideally placed, both geographically (with GMT, it has the ideal world time zone), historically, and linguistically.
Thus, more than perhaps any other Olympics in history, legacy-planning has been at its heart. Many twenty-year “visions” proffered in 2010 showed the London of 2030 will be thriving and modern – based in many ways on the work achieved during the Games . Already, it was announced in November that London had beaten Doha to host the 2017 world athletics championships. But it’s hoped the legacy will permeate further.
From an economic point of view, it’s hoped London will reassert its place as the centre of world finance – just as regulations and threats of a Europe-wide transaction tax bite. The nascent “mini-Shanghai” on the Isle of Dogs will grow with several recently approved new skyscrapers, while the Olympic village should stimulate huge growth to the underdeveloped east of the city – spurred on by the Crossrail scheme dissecting the capital. And there are infrastructural hopes too. Heathrow, the world’s busiest international airport, is overstretched and badly ceding business to Paris and Frankfurt. Will the Olympics force the building of the controversial third runway? Or an entirely new airport on the Thames Estuary?
Thanks to the Olympics, it’s possible: British bureaucracy that would have normally taken years to overcome has already been being swept aside.
Planning permission for large beautification projects has been accelerated; funds for long-overdue renovations of city centre tourist traps like Leicester Square (£15m) and a new two-way traffic system for Piccadilly Circus (£14m) have appeared from nowhere. To reduce emissions, a ban on taxis older than 15 years has been put in place. Roadworks have been accelerated to ensure minimum disruption during the games themselves – while, to reduce congestion, night deliveries to shops have been permitted for the first time ever.
Indeed: just as more people watch the Olympics than ever before, and more engage with the city of London through social media and press coverage, the city could look at its best and most glorious in decades.
London Mayor Boris Johnson is also capitalising on what he calls “A Summer Like No Other”. A new website, MOLpresents.com, reveals details of a rich programme of events, from “sculptural soundscapes” at Fairlop Waters to a live busking competition. Three open-air locations in the heart of the capital – Hyde Park, Victoria Park and Trafalgar Square – have also been corralled for the crowds of visitors, featuring TV screens of Olympic events and live music in conjunction with LiveNation.
But what then? As in Los Angeles 1984, London could see its already world-class restaurant scene, with 48 Michelin-starred venues , become even more exalted after the Games. And is there an opportunity for other new pop-up dining establishments?
The nightlife scene could benefit too, after the world experiences the way the city parties. Already, plans for several new pop-up clubs near the Games site have appeared – not least a superclub based in a former furniture factory just 100 yards across the river from the Olympic Stadium, built by the owners of London nightclub Mahiki. The capacity is almost limitless. And the result could change the city’s fortunes immeasurably.

Key Questions
- What other cultural offerings could be discovered by foreign fans, leading to a new tourism wave of tourism?
- Would a rise in tourism impact the growing isolationism/closed border trend?
- London Mayor Boris Johnson has hinted night deliveries could become permanent – what else could change forever?
- What effect might a summer without the thud of pneumatic drills have on residents?