Good events are beneficial for economics and exposure of world
Big and mega events like sports, musical nights, artisan mela and funfair in big cities and towns are helpful for economical development as well as tourism support. Infrastructure of investment is involved in mega events. Economical plan for running and hosting event need lot of brain work. Some of the useful points are discussed below.
Event expenditure
Events that catch the world eyes are Olympics, race, tournament and world cup of cricket and football. Lot of polices, equipment and facilities are used in maintaining these events. The involvement of private sector entrepreneurs also play significant role in economical development. As these firms support ticket, IT and ads needed to run the program. These events attract maximum number of people from town and world and fasten up the money level to very high. People love to stay for a week rather than weekend due to attraction of tournament. Media also play a major role to show and present city in positive glow.
RELATED-EVENTS-LIST-1]
Choosing Events
What will increase the potential of city? One has to be very careful in choosing the type and popularity of event. Bidding is also important in this regard but mostly events are choose on the base of political pressures as well. Analysis is done before that weather event is good for economical growth of city or not. Analysis needs thinking and stragical plan and also coordination with outer agencies as well who are interested in sponsors and bidding of process.
Cities should also be careful about the drawbacks and downsides while choosing and bidding for an event.
Every big event will increase the economical impact
When you organize a big event and invite the local people and spend lot of money to host the event. Will you able to get back double amount of money. No it’s not possible in all cases. To earn more you have to invite people from out of town as well as country. This will generate the big economical impact and create the sense of community relationship as well.
Creating activities
:Major events in big cities also generate different type of activities for visitors like sliding sports, swimming areas. This generates the popularity of event and generates high activity. After the end of event these facilities are used by the local residents and event hosting team can earn lot of money afterwards.
Focus on a single event rather than a number of events
:The facilities and sports mentioned above need big amount of money to spend. You need to arrange sitting of 1000 to 5000 people at a time. And if you are organizing some championship program having 20 different sports then its need a strong budget plan. Make a tactical plan and coordinate with sports agencies, local and provincial government.
Suggested for you:
Tip and trick about catering in event
Collaborative and strong partnerships
:While organizing a big event partnership between city operators, agencies, sponsors organizations and cultural groups is highly recommended. Every agency has its own purpose and aim for an event. Understand objectives of all organization and then make a combine program to run an event.
