Author(s)

Caifeng Liu ¹

Affiliation(s)

¹ School of Sports Economics and Management, Central University of Finance and Economics, Beijing, China

Corresponding Author

Caifeng Liu

ABSTRACT

Base on combined ARMA model, the impact analysis of the 29th Olympic Games on Beijing inbound tourism shows that the 29th Olympic Games promote the inbound tourism in Beijing in the general. The 29th Olympic Games had a prominent pro-Olympic promoting effect on Beijing inbound tourism and an obvious crowding-out effect on Beijing inbound tourism in the Olympic year when the 29th Olympic Games was held. Post-Olympic valley effect did not appear in Beijing inbound tourism market. With the 2022 Beijing Winter Olympic Games coming soon, in order to strengthen the long-term impact of the Olympics on Beijing inbound tourism, further policy support is needed.

KEYWORDS

The Olympic Games, Inbound Tourism, Combined ARMA Model

CITE THIS PAPER

Caifeng Liu. The Impact of the 29th Olympic Games on Beijing Inbound Tourism. Financial Engineering and Risk Management (2021) 4: 68-77. DOI: http://dx.doi.org/10.23977/ferm.2021.040508.

REFERENCES

[1] Qiu, X. H., Luo, Y. F., Dang, F. Y. (2003) “Analysis on the Influence of Hosting Olympic Games on Tourism”, Sports Culture Guide, no.7, pp. 26-28.
[2] Bian, X. H. (2005) “Economic Impact Assessment of the 2008 Beijing Olympic Games”, East China Economic Management, vol. 19, no. 3, pp.86-90.
[3] Andersson, T. D., Armbrecht, J., Lundberg, E. (2008) “Impact of Mega-events on the Economy”, Asian Business &Management, vol. 7, no. 2, pp. 163-179.
[4] Baade, R. A., Matheson, V. (2002) “Bidding for the Olympics:  fool's gold?” in Transatlantic Sport:  The Comparative Economics of North American and European Sports, C.P. Barros, M. Ibrahimo, and S. Szymanski, Eds. Edward Elgar Publishing, Massachusetts, pp. 127-151.
[5] Kesenne, S. (2005) “Do We Need an Economic Impact Study or a Cost-benefit Analysis of a Sports Event”, European Sport Management Quarterly, vol. 5, no. 2, pp. 133–142.
[6] Ma, C. L. (2009) “A simple survey on Olympic tourism”, Tourism Tribune, vol. 24, no. 3, pp. 8-9.

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