The Economic Impact of Notting Hill Carnival Essay

3414 Words Nov 21st, 2012 14 Pages
Economic impact of Notting Hill Carnival

Tutor: Dr. Debbie Sadd
Student: Yu-Ting Chen (44459459)
Unit: Event Principles and Practice
Word Count: 2,096 words

Table of Contents
Table of contents………………………………………………………………………….2
Abstract…………………………………………………………………………………….3
1. Introduction……………………………………………………………………………..3
2. Economic impact……………………………………………………………………….4
2.1 Definition of economic impact……………………………………………….4
2.2 The reason why economic impact is chosen………………………………4
2.3 Positive and negative economic impacts…………………………………...6
3. Impact of employment…………………………………………………………………..7
4. Impact of business opportunities………………………………………………………7
5. Impact of opportunity costs……………………………………………………………..8
6.
…show more content…
Table1: Notting Hill Carnival attendance in ten year Year | Attendance | Year | Attendance | 2003 | 600,000 | 2008 | 850,000 | 2004 | 750,000 | 2009 | 720,000 | 2005 | 750,000 | 2010 | 1,000,000+ | 2006 | 1,000,000 | 2011 | 1,000,000+ | 2007 | 850,000 | 2012 | 1,000,000+ | Source: BBC News report. The statistics from WTO shows that almost one tenth of the world’s income and employment comes from the tourism industry. Many people considered that the impact of actual and potential economic is astonishing. They stress such as a source of foreign exchange, a process of balancing international trade is a positive aspects of tourism.

2.3 Positive and negative economic impacts Allen et al. (2008) directed that events have a series of both positive and negative impact on their host societies and stakeholders (see Table2). Impacts in any area of management and policy-making are the responsibility of those in event management or government. They might face an amount of challenge when making decisions about the policies. Event managers should be cautious of identifying and predicting their strategies, and then makes them to achieve the maximum of positive impacts and minimum of the potential negative impacts. Events could produce benefit by attracting hundreds of thousands of visitors to the region, but also costs an amount of charge related to policing, cleansing, crime,

Related Documents