The economics of sport tourism at major sports events
The literature on the economics of major sports events is relatively recent. One of the first major studies in this area was the study of the impact of the 1985 Adelaide Formula 1 Grand Prix (Burns et al. 1986). This was followed by Brent Ritchie’s in-depth study of the 1988 Calgary Winter Olympics (Ritchie, 1984; Ritchie and Aitken, 1984, 1985; Ritchie and Lyons 1987, 1990; Ritchie and Smith, 1991). In fact, immediately prior to these studies it was generally thought that hosting major sports events was a financial liability to host cities following the large debts faced by Montreal after hosting the 1976 Olympics. There was a general change in attitude following the 1984 Los Angeles Olympics, which made a clear profit.