Uncertainties at the Tokyo Olympics add to the list of companies most hurt

category:Finance
 Uncertainties at the Tokyo Olympics add to the list of companies most hurt


According to the original plan, the 2020 Summer Olympic Games will be held in Japan from July 24 to August 9.

However, with the novel coronavirus pneumonia epidemic situation developing, the uncertainties of this Olympic Games are increasing. Novel coronavirus pneumonia confirmed to be 861 in Japan at 8 hours local time 25, according to the NHK. Novel coronavirus pneumonia is the most common case in China except for China. According to public information, recently, Japan had a vote on whether the Olympic Games should be held as scheduled under the epidemic situation. The results show that 62.4% of Japanese netizens want to cancel, 18.3% want to postpone, and only 10.5% want to hold as scheduled. It is reported that the Tokyo Olympic Organizing Committee has suspended the training of Olympic volunteers, and some publicity work has been suspended.

The Olympic Games have an obvious boosting effect on the host countrys economy. Tokyo metropolitan government estimates that the 2020 Olympic Games will bring about 2.96 trillion yen of economic effects to Japan. According to the calculation of Da he securities, from 2013 to 2020, Tokyos bid to host the Olympic Games will enhance Japans GDP growth rate of 3%, which will be the highest growth rate since the collapse of Japans bubble economy in 1990, and the overall economic effect will exceed 3 trillion yen.

Statistics show that Japan has invested more than 25 billion US dollars to prepare for the Olympic Games. But the chain reaction brought by the increase of uncertain factors may make the hotel, catering industry, transportation industry, publishing industry, radio and television industry and other beneficiary industries unprepared.

It is worth noting that the first modern Olympic Games were held in 1896, and only five times (including the Winter Olympic Games) were cancelled since then, that is, the 1916 Berlin Olympic Games were cancelled due to World War I; the 1940 summer / Winter Olympic Games and 1944 summer / Winter Olympic Games were cancelled due to World War II. Apart from the war factors, there are no cases of canceling the Olympic Games due to public health events.

Ticket tour is the most hurt

In addition to the 2008 Olympic Games held at home, the Tokyo Olympic Games are the closest to China in recent years. This means not only the distance, but also that the relevant industries in China will be directly and directly affected.

The first is tourism. Relevant agencies have estimated that the Tokyo Olympic Games will bring 8.5 million tourists to Japan, and China is the largest one of them. For this reason, Chinas tourism services, aviation and other industries will usher in a rare Olympic bonus.

As the exclusive agency of ticket business in the jurisdiction of the Chinese Olympic Committee for several consecutive sessions, Caesar tourism (000796. SZ) has obtained the exclusive agency of ticket business in the jurisdiction of the Chinese Olympic Committee for the Tokyo Olympic Games, and will be responsible for promoting, selling and distributing tickets for the Tokyo Olympic Games in the jurisdiction of the Chinese Olympic Committee, and providing relevant reception, security and other services.

According to the associated press, Tokyo Olympic tickets in the jurisdiction of the Chinese Olympic Committee adopt a restrictive purchase mode, intending users submit applications first, and can only be purchased after being allocated by lot. 26, reporters from the companys online platform Caesar tourism learned that at present a single ticket has ended the purchase, which means that visitors can only through the platforms game package (including the combination of air tickets, accommodation, tickets) to get to Tokyo to watch the Olympic Games.

For the impact of the possible suspension of the Tokyo Olympic Games, the reporter called Caesars travel industry many times on the 26th, but was not answered before the deadline. Caesar travel platform customer service staff said that each successful booking customers will be equipped with a special travel consultant. As for the impact of the above information, the company will not respond for the time being because it has not received the exact information from China Olympic Organizing Committee and other organizations. In addition, the customer service said that if there is any exact information, the company will deal with it and inform it through the travel consultant.

An unnamed tourism analyst pointed out that the cancellation of the Olympic Games is equivalent to taking out the money that has been put into the ticket industrys pocket, and the resulting aftermath work such as ticket refund will also disrupt the pace of business promotion. In his opinion, due to the epidemic, the willingness to travel to Japan has declined. The impact of the cancellation of the Olympic Games on the demand and confidence of the whole tourism industry is unpredictable. This impact will not only exist in Japan, but also affect China, South Korea and other major tourist export areas. In addition to Caesars tourism, the tourism service, consumption and technology industries represented by China International Travel Service (601888. SH), chaohongji (002345. SZ) and Hailong software (002195. SZ) will also benefit from the Tokyo Olympic Games. Among them, CITS is the leader of comprehensive tourism services in China; Doraemon is a special ambassador of Tokyo 2020 Olympic bid committee, also a classic Japanese cartoon image, and chaohongji is the designated jewelry authorizer of Doraemon. Hailong software is one of the major domestic software outsourcing enterprises to Japan. Its main customers are from a number of large-scale system integration suppliers, software service manufacturers and electronic manufacturers in Japan, and it has established long-term cooperative relations. Source: Financial Association Author: Xu Xuecheng editor in charge: Yang Bin Gu nf4368

An unnamed tourism analyst pointed out that the cancellation of the Olympic Games is equivalent to taking out the money that has been put into the ticket industrys pocket, and the resulting aftermath work such as ticket refund will also disrupt the pace of business promotion. In his opinion, due to the epidemic, the willingness to travel to Japan has declined. The impact of the cancellation of the Olympic Games on the demand and confidence of the whole tourism industry is unpredictable. This impact will not only exist in Japan, but also affect China, South Korea and other major tourist export areas.

In addition to Caesars tourism, the tourism service, consumption and technology industries represented by China International Travel Service (601888. SH), chaohongji (002345. SZ) and Hailong software (002195. SZ) will also benefit from the Tokyo Olympic Games. Among them, CITS is the leader of comprehensive tourism services in China; Doraemon is a special ambassador of Tokyo 2020 Olympic bid committee, also a classic Japanese cartoon image, and chaohongji is the designated jewelry authorizer of Doraemon. Hailong software is one of the major domestic software outsourcing enterprises to Japan. Its main customers are from a number of large-scale system integration suppliers, software service manufacturers and electronic manufacturers in Japan, and it has established long-term cooperative relations.