Winning the Olympic host city election: key success factors. Issue 31 (3rd July 2017)

• Record Type: Journal Article
• Authors: Maennig, Wolfgang; Vierhaus, Christopher
• Is Part Of: Applied economics. Volume 49:Issue 31(2017)
• Page Start: 3086
• Page End: 3099
• Publication Date: 2017-07-03
• Subjects: Olympic games -- mega events -- bid cities -- host city election -- key success factors -- bidding process -- IOC; R58 -- L83 -- Z28; Economics -- Periodicals; 330
• DOI: 10.1080/00036846.2016.1254339
• Languages: English
• ISSNs: 0003-6846

Abstract

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.