The correct answer to this open question is the following.
Here is the claim.
Although government leaders of host cities know it takes millions of dollars to host the Olympic Games, it is a well-worth effort.
There are such a few massive international events that are broadcasted to the whole globe and caught the attention of most of the countries.
One of these is the FIFA soccer world cup. The other, the Summer Olympic Games.
Yes, organizing the Olympic Games is not an easy task, It requires of deep understanding of operations and logistics, but above all, a lot of money to be invested in the organization.
If you only think in monetary terms, the Olympic Games is a major challenge. It is probable that the country that decides to organize this major event won't be able to fully recover the money invested in the event
However, there are other advantages and benefits of the Olympic Games that outweigh their cost.
One clear advantage is the worldwide exposition during the 15 days of broadcasting. TV rights pay the country a decent amount of money for the broadcasting of the event.
Secondly, you promote your country worldwide. The government can elaborate touristic campaigns and marketing promotions for the whole world to visit the country.
Another benefit is the tourists that visit the country during the games and the money they spend on lodging, meals, touristic attractions, nightlife, and more.
The government can sell sponsorship rights to make ends meet. Advertising in the Olympic Games is always interesting to major firms.
And for the people who live in the hosting country is a great experience, a once-in-a-lifetime experience that deserves to be experienced.
So with all these elements, we can say that organizing the Olympic Games is not an easy task but there are other advantages and benefits of the Olympic Games that outweigh their cost.
