Articles tagged “olympics”

Southwest Airlines appears set to make big gains from a planned expansion of LAX for the return of the Olympics to Los Angeles in five years.

A largely closed-off international sporting event in China’s capital city means the historically fickle Olympic bump in hotel business is more likely to be an Olympic blip.

Hosting a spectator-free Olympic Games in a pandemic and taking a hit of over $30 billion is about as historic as it gets. But Japan tourism's handling of it shone a light on the ways destinations are adapting, as well as the factors that will impact global tourism's future.

The 2020 Tokyo Games will be a big financial hit for Japan's tourism sector, but vaccines now under way plus pent-up demand and infrastructure boosts could make it come out of this tough stretch a winner — sooner than one might think.

The pandemic shows just how futile it is to build a hotel just for the sake of an event like the Olympics. Real estate is a long-term play.

A second wave in Japan puts its tourism members on a joyless rollercoaster ride. Small inbound travel specialists especially are hanging by a thread. Huddling together for strength and inspiration is a good idea.

Athletes go for gold at the Olympic Games, but hoteliers don't typically walk away with many prizes in the form of long-term revenue gains from the global mega-event.

This was supposed to be the year when Japan's dedicated tourism push came to fruition with the Tokyo 2020 Olympic Games. But even with the postponement — and all the uncertainty — of the Games until 2021, the tourism groundwork laid by Japan is still likely to bear fruit.

That Airbnb chose the Olympic Games for its first-ever global sponsorship deal makes sense — the event both aligns with the brand's ethos and will be a boon for its bottom line as it aims to go public in 2020.