Winning the Olympic Host City Election: Key Success Factors
Posted: 17 May 2017
Date Written: 2017
Abstract
This article examines 147 variables’ potential to discriminate successful from unsuccessful Olympic bids. Our stepwise, rank-ordered logistic regression model includes 10 determinants supporting the contention that economic, political and sports/Olympic factors are important for winning the host city election. IOC members favour cities if more than 2/3 of the population support the bid, but disfavour bidding cities of fewer than 2.5 million inhabitants and bids lacking a sufficient number of existing stadiums. Hosts are characterized by larger markets and higher medium-term growth economies. Olympic bids that follow a political liberalization are rewarded with additional votes.
Keywords: Olympic games, mega events, bid cities, host city election, key success factors, bidding process, IOC
JEL Classification: R58, L83, Z28
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