Work detail

Economic Analysis of Organizing Ice Hockey World Championship 2015 in Ostrava and Prague

Author: Bc. Michaela Halásová
Year: 2016 - summer
Leaders: PhDr. Jan Soudek
Consultants:
Work type: Bachelors
Language: English
Pages: 66
Awards and prizes:
Link: https://is.cuni.cz/webapps/zzp/detail/164994/
Abstract: In many cases the organization of major sport events brings various benefits to hosting economies,
especially those resulting from encouraged tourism. However, these events carry extensive costs
coming mostly from public resources which could be used for other purposes, e.g. healthcare. The
main goal of this thesis is to analyze the socioeconomic impact of the Ice Hockey World
Championship 2015 on Prague and the Moravian-Silesian Region using a Cost-Benefit Analysis in
which costs and benefits are summed up and benefit-cost ratio calculated. In our analysis we
conclude that the event was beneficial not only for the Czech Ice Hockey Association; the hosting
organization reporting profit of 450 million CZK before taxes but also for the regions with a
benefit-cost ratio of 5.53, meaning that the benefit created equals 5.53 times the amount the regions
invested into the event. Moreover, in this analysis we confirm an overall positive effect of the
championship on tourism.

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