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

London Is In Love With Its Games – Financial Times

On the first day of competition in athletics, which will dominate the Olympics from hereon in, the stadium was packed long before the 10am start. Shortly after it was declared full, something senior officials in the sport could not recall happening before. A full house for the qualifying round of the shot put? At the halfway point and the end of the first-week pre-athletics phoney war, the 2012 Olympics can now, in terms of its popularity, be declared a triumph. London is in love with its games.

Full article:
London Is In Love With Its Games – Financial Times – August 3, 2012
By Matthew Engel
Link to Financial Times 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

British Rowers Capture First Gold for Hosts – The New York Times

After a wait that seemed like forever, Britain finally won its first gold medal at its home Olympics, with the rowers Heather Stanning and Helen Glover dominating the women’s coxless pairs in a victory at Dorney Lake.

The British were expected to win that first medal on the first day of the Games, when the cyclist Mark Cavendish competed in the road race. But it was not to be. A cyclist from Kazakhstan won instead, dousing the country’s hopes of an early celebration. Then four days of swimming and gymnastics and equestrian — and many other sports — went by with no British athletes atop the medals stand…

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

The Return of the British Empire – The Wall Street Journal

Great Britain came home from the 1996 Atlanta Olympics with just one gold medal—two fewer than Kazakhstan—and a wounded national psyche. Sixteen years later, Team GB has been overhauled and rebuilt thanks to a machine-like agency flush with cash from the U.K. lottery that grooms British athletes. The result could be a record-setting performance here for the home squad.

Britain’s quiet rise in Olympic competition over the past decade and a half—from winning a paltry 15 medals in 1996 to scoring 47 in 2008—is a textbook turnaround story. The U.K. has turbocharged its Olympic apparatus in anticipation of the London games, filling the coffers of the publicly chartered agency that grooms athletes; recruiting foreign-born competitors known as “Plastic Brits”; importing top coaches; and ruthlessly focusing the country’s efforts

Full article:
The Return of the British Empire – The Wall Street Journal – July 18, 2012
By: Paul Sonne and Jonathan Clegg
Link to The Wall Street Journal article

UK Sport Set Games Medal Target – The London Evening Standard

Britain has been set at an official target of fourth place in the medals table at the London Olympics with at least 48 medals won across 12 sports. The target by UK Sport, the body which distributes Lottery money to Olympic sports, means Team GB need to at least match their achievements in Beijing four years. In 2008, Britain finished fourth in the table with 19 gold medals and a total of 47 medals from across 11 sports.
UK Sport chair Baroness Sue Campbell said: “This is a significant milestone for British sport. Thanks to the backing of our Government and the National Lottery over the past 15 years, and more recently the investment we have received from Team 2012, we are able to confirm that our goal of top four in the Olympic medal table at our home Games remains on track.”

Full article:
UK Sport Set Games Medal Target – The London Evening Standard – July 4, 2012
Link to London Evening Standard article

Our £13bn Olympic Goldmine – The Sun

Britain can strike Olympic gold — earning £13billion in spin-offs from the London Games, David Cameron believes. The PM aims to attract new trade by using the event as a showcase for UK business and tourism. He will unveil plans this week for a series of summits to ensure our firms cash in. He hopes they will help secure deals worth more than £1billion and make economic growth the Olympics legacy. Up to 4.5 million extra visitors will flock to Britain after the Games, pumping £2.3billion into the country. And £10billion in extra business is predicted in the next four years.

Full article:
Our £13bn Olympic Goldmine – The Sun – July 1, 2012
By David Wooding
Link to The Sun 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

How The Queen’s Diamond Jubilee Is Boosting UK Music Sales – Billboard

As the U.K. awaited an in-depth post-match report on the effects of the four-day (June 2-5) Jubilee celebrations on the British economy, new “midweek” sales data from the Official Charts Company (OCC) shows that many artists on the bill of Monday’s gala concert outside Buckingham Palace are reaping the benefit.

Chief among them are Gary Barlow and the Commonwealth Band that he put together for the Jubilee-inspired “Sing” (Decca/Universal). The album holds at No. 1, with last week’s total sales of 40,000 matched by the same number in just three days of the current chart week, to last night (Tuesday).

Full article:
The Jubilee Bump: How The Queen’s Diamond Jubilee Is Boosting UK Music Sales – Billboard – June 6, 2012
By: Paul Sexton
Link to Billboard 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

The Rise of Great Britain™

Athens had history; Beijing had mind-boggling scale. What will London’s unique selling point be?
Worryingly, recent years have not been good for the capital. In the latest Country Brand Index (CBI) by consultancy firm FutureBrand , the UK fell out of the top 10 country brands for the first time since 2005 – falling behind nations such as Italy, Finland, New Zealand and, at No.1, Canada. And despite tourism representing nearly 10% of the UK’s GDP – second only to chemicals and financial services in terms of export earnings – the country has one of its weakest scores in the Tourism sector, particularly in areas like Value for Money. The Games, and all its highly-commercialised facets, will be unlikely to change that.
Instead, organisers hope the Cultural Olympiad – and the higher-profile London 2012 Festival – will be their means of selling the world a smaller, more intimate and more Britain-centric version of the Games. The Queen’s Jubilee, being celebrated throughout 2012, pays tribute to Great Britain’s history. But for LOCOG, the focus has been looking forward, pushing London’s status as a thriving, evolving melting pot – referencing, in their words “every area of culture, be it fashion, high art or comedy.”
This was evident in the much-vilified “punk” logo, the choice of typeface, and the hi-tech one-eyed mascots Wenlock and Mandeville (only the GB team itself gets “Pride”, a more traditional lion mascot). The choice of fashion designer Stella McCartney to create the Olympic collection wasn’t by chance either: you don’t get more London-cool than the daughter of a Beatle. And Mayor Boris Johnson referenced the forthcoming opening of the £350m Shard – Europe’s tallest building – when he declared that 2012 will be a “year-long celebration of all things London”.
Contrasting that is a wider celebration of Britain as a whole. The historic Globe theatre announced performances of all 37 Shakespeare plays in languages from Lithuanian to Korean. The BBC’s 2012 Festival, meanwhile, also included a season of Shakespeare programmes, as well as films about UK artists David Hockney and Lucian Freud, a new free music festival (Radio 1′s Hackney Weekend) and a theme song by band Elbow. There’s even a nascent “buy British” campaign, currently being pushed by retailers such as John Lewis, to remind consumers that the UK is the sixth largest manufacturer in the world by output.
Both themes, organisers hope, will crystallise in the Games’ opening and closing ceremonies. With their budgets recently – and controversially – doubled to £81m by Prime Minister David Cameron, over 20,000 performers are set to take part in the four events, all designed by Oscar-winning director Danny Boyle under the theme “Isles Of Wonder” (a line from Shakespeare’s The Tempest). Stephen Daldry, creative director for all the Games ceremonies, said the opening show would project “a journey which will celebrate who we are, who we were and who we wish to be.” The title “allows us to celebrate the rich heritage, diversity, energy, inventiveness, wit and creativity that truly defines the British Isles.”
British acts such as Underworld, Sir Paul McCartney and Take That will be watched by an estimated audience of one billion – 15% of the world’s population. Some industry experts suggest the equivalent advertising value that will deliver for the UK could be up to £5 billion.

Key Questions
- Will the broad and multi-note rebranding of Great Britain find a resonance around the world – either for tourists or investors?
- Against a background of worldwide social unrest, and economic stagnation, will such staging seem lightweight and irrelevant?
- Is there space for a 2012 equivalent of, say, the emergence of the LA restaurant scene in 1984? Or even the “Jesse Owens” moment, where social upheaval elsewhere is inspired?

The Rise of Great Britain

Athens had history; Beijing had mind-boggling scale. What will London’s unique selling point be?
Worryingly, recent years have not been good for the capital. In the latest Country Brand Index (CBI) by consultancy firm FutureBrand , the UK fell out of the top 10 country brands for the first time since 2005 – falling behind nations such as Italy, Finland, New Zealand and, at No.1, Canada. And despite tourism representing nearly 10% of the UK’s GDP – second only to chemicals and financial services in terms of export earnings – the country has one of its weakest scores in the Tourism sector, particularly in areas like Value for Money. The Games, and all its highly-commercialised facets, will be unlikely to change that.
Instead, organisers hope the Cultural Olympiad – and the higher-profile London 2012 Festival – will be their means of selling the world a smaller, more intimate and more Britain-centric version of the Games. The Queen’s Jubilee, being celebrated throughout 2012, pays tribute to Great Britain’s history. But for LOCOG, the focus has been looking forward, pushing London’s status as a thriving, evolving melting pot – referencing, in their words “every area of culture, be it fashion, high art or comedy.”
This was evident in the much-vilified “punk” logo, the choice of typeface, and the hi-tech one-eyed mascots Wenlock and Mandeville (only the GB team itself gets “Pride”, a more traditional lion mascot). The choice of fashion designer Stella McCartney to create the Olympic collection wasn’t by chance either: you don’t get more London-cool than the daughter of a Beatle. And Mayor Boris Johnson referenced the forthcoming opening of the £350m Shard – Europe’s tallest building – when he declared that 2012 will be a “year-long celebration of all things London”.
Contrasting that is a wider celebration of Britain as a whole. The historic Globe theatre announced performances of all 37 Shakespeare plays in languages from Lithuanian to Korean. The BBC’s 2012 Festival, meanwhile, also included a season of Shakespeare programmes, as well as films about UK artists David Hockney and Lucian Freud, a new free music festival (Radio 1′s Hackney Weekend) and a theme song by band Elbow. There’s even a nascent “buy British” campaign, currently being pushed by retailers such as John Lewis, to remind consumers that the UK is the sixth largest manufacturer in the world by output.
Both themes, organisers hope, will crystallise in the Games’ opening and closing ceremonies. With their budgets recently – and controversially – doubled to £81m by Prime Minister David Cameron, over 20,000 performers are set to take part in the four events, all designed by Oscar-winning director Danny Boyle under the theme “Isles Of Wonder” (a line from Shakespeare’s The Tempest). Stephen Daldry, creative director for all the Games ceremonies, said the opening show would project “a journey which will celebrate who we are, who we were and who we wish to be.” The title “allows us to celebrate the rich heritage, diversity, energy, inventiveness, wit and creativity that truly defines the British Isles.”
British acts such as Underworld, Sir Paul McCartney and Take That will be watched by an estimated audience of one billion – 15% of the world’s population. Some industry experts suggest the equivalent advertising value that will deliver for the UK could be up to £5 billion.

Key Questions
- Will the broad and multi-note rebranding of Great Britain find a resonance around the world – either for tourists or investors?
- Against a background of worldwide social unrest, and economic stagnation, will such staging seem lightweight and irrelevant?
- Is there space for a 2012 equivalent of, say, the emergence of the LA restaurant scene in 1984? Or even the “Jesse Owens” moment, where social upheaval elsewhere is inspired?