How does the "Olympic effect" boost the French economy

  Xinhua News Agency, Paris, August 2nd Question: How does the "Olympic effect" boost the French economy?

  Xinhua News Agency reporter Li Wenxin Liu Fang

  The Paris Olympic Games is in full swing, and the influence of the "Olympic effect" on the French economy has attracted people’s attention. French economic research institutions believe that the Paris Olympic Games will help boost the French economy in the short term and bring long-term benefits to French tourism.

  This is the Eiffel Tower, which was shot on July 26th. On the same day, the opening ceremony of the 33rd Summer Olympic Games was held in Paris. Xinhua News Agency reporter Xu Changshe

  According to a recent report released by the French National Institute of Statistics and Economics, the Paris Olympic Games will contribute 0.3 percentage points to France’s GDP growth in the third quarter. Among them, the income from Olympic tickets and broadcasting rights contributed 0.25 percentage points, and the increase in the number of tourists led to the contribution of transportation, hotels and restaurants by 0.05 percentage points.

  Dorian Ruxie, director of the Institute’s Economic Situation Department, said that the above situation is similar to the boost to the British economy from the 2012 London Olympic Games. In the third quarter of 2012, Britain’s GDP increased by 1 percentage point month-on-month, of which the contribution of London Olympic Games was about 0.2 to 0.4 percentage point.

  According to the French Center for Sports Law and Economics (CDES), from 2018, when the Paris Olympic Games began to be prepared, to 2034, 10 years after the end of the event, the economic benefits brought by the "Olympic effect" to the French island region where Paris is located are estimated to be between 6.7 billion and 11.1 billion euros.

  The center believes that more than 80% of the "Olympic effect" will be released during the preparation and hosting of the Olympic Games, and the rest of the driving effect will gradually emerge in the 10 years after the Olympic Games. The tourism industry in the French island region will gain economic benefits of 201 million to 1.236 billion euros.

  On July 26th, the main torch in the shape of a hot air balloon was lit in Dolores Garden. Xinhua News Agency reporter Xue Yuxi photo

  Didier Arino, director of "Promoting Tourism", a French tourism consulting company, believes that the positive impact of the Paris Olympic Games on French tourism will continue to appear in the next few years, "because the Olympic Games have given France an extraordinary image".

  According to the Paris Tourism Bureau, during the Olympic Games this year, Paris is expected to welcome 15.3 million tourists, while under normal circumstances, Paris receives about 12 million tourists from July to August. According to the statistics of Paris Tourism Bureau, from July 24th to 27th, Paris has received 650,000 tourists, a year-on-year increase of 16%. On the day before the opening ceremony, the number of visitors to Paris increased by 34.6% year-on-year.

  Corinna Menago, director of the Paris Tourism Bureau, said that Paris has always been "quiet" in August, but the tourism situation in Paris will be "very good" in August this year. The Paris Tourism Bureau predicts that the occupancy rate of hotels in Paris will be close to 90% in the first weekend of August.

  According to the statistics of the French Tourism Development Agency, the occupancy rate of hotels in Paris will exceed 80% during the whole Olympic Games, and the number of days for booking short-term rental houses with furniture will increase by 60%.

  On July 26th, the main torch in the shape of a hot air balloon was lit in front of the glass pyramid in the Louvre. Xinhua News Agency reporter Sun Fei photo

  In the center near Paris by car — The "Olympic effect" is also very obvious in the Loire Valley region, Champagne region and Normandy region. According to the French Tourism Development Agency, this is partly driven by foreign tourists who come to watch the Olympic Games.

  As the Olympic Games are distributed in many cities in France, there are more than 1,000 Olympic preparation centers in France, which are used as training and rest bases for Olympic delegations. Almost all French cities that host Olympic events and provide training venues will benefit from the "Olympic effect".

  In Marseille, a tourist city in southern France where football and sailing events are held, local institutions predict that the city will receive 825,000 visitors during the Olympic Games and gain economic benefits of about 179 million euros.

  In terms of employment, according to French media reports, the Paris Olympic Games will create nearly 90,000 jobs for the French island region, which are distributed in hotels, restaurants, logistics, tourism and other fields. The International Olympic Committee predicts that the Paris Olympic Games will create a total of 181,000 related jobs and enable 30,000 people to acquire vocational skills through training.