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PyeongChang 2018 President predicts profitable Beijing 2022

Date : 06 Jun 2018

Beijing, China, June 6, 2018: Following the PyeongChang 2018 Winter Olympics Debrief in Beijing on June 4-5, the President of PyeongChang 2018, Lee Hee-Beom, predicted that the next Winter Olympics in Beijing 2022 would also be profitable. “I was pleased to say that PyeongChang 2018 can already announce a multi-million dollar surplus,” POCOG President Lee said. “It seems that Beijing will continue with this trend of Games that break even or, as in the case of PyeongChang, make a profit.”

IOC President Thomas Bach added: “This debriefing showed that the reforms of Olympic Agenda 2020 have really come to fruition. The most obvious one is the announcement by POCOG that the PyeongChang 2018 Organising Committee has produced a multi-million dollar surplus.

“POCOG President Lee was clear that this was possible only because of the reforms of Olympic Agenda 2020, and because of the close cooperation with the IOC. We have proved that we have turned the page with regard to the organisation of the Games.”

Not only has Beijing 2022 taken advantage of Olympic Agenda 2020 to stage Games that will provide economic and social benefits to the region for decades to come, but its marketing programme is also already proving to be highly successful.

The first host city to fully benefit from Olympic Agenda 2020, Beijing 2022 has incorporated legacy planning from the earliest stages of preparations. Among the 12 competition and non-competition venues in the Beijing zone, 11 are legacy venues from the Olympic Games Beijing 2008.

(Source: www.olympic.org)

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