Pan American Games 2027: Economic impact to double that of 2019 | Lima 2027 | Sports Event | Tourism | Trade | economy

During the General Assembly held in Miami, Peru announced an investment of US$369,152,896 to improve facilities for hosting the Games.

Renzo Manyari, head of the Peruvian Olympic Committee, made it clear that regime change poses no risk to Lima 2027.Since 2009 we have learned to create a democratic transition that stabilizes budgets (…) We have a legal formula that has proven successful, a regulatory framework that guarantees uninterrupted access to funds. 2027 Pan American Games“

After hearing the news, Jose Arista, head of the Ministry of Economy and Finance (MEF), pointed to the development of the sporting event.Lima 2027′ For every dollar invested, four dollars are returned.

“It is estimated that about US$3 or US$4 is returned to the country for every dollar invested.”, he estimated.

For his part, Carlos Neuhaus is the chairman of the organizing committee Pan American Games 2019That year, on the eve of this sporting event, The PPI Half a point, so the increase is estimated in 2027.

“It contains 2019We make a half point Growth in GDP, but with the work to be done in Lima, it could grow even more. We can grow to a point because city work will be more important than what we have to do for headquarters. Pan American“, he revealed to the management.

read more: Lima 2027: Paraguay Olympic Committee sends memo to Tina Polwart's government, what did she say?

Points in favor of Lima as host for 2027 Pan American Games

Lima Y Asuncion, ParaguayFinal Cities for Member States Panama game Choose the best option to implement Pan American Games 2027. With 28 votes in favor of Lima and 24 votes for Paraguay, Peru was again declared the host of the Games for the following reasons.

Tourism will be boosted by the 2027 Pan American Games

In parallel, Guesteone spoke with general manager Carlos Loiza National Tourism Board of PeruTo find out how favorable the statistics of this sector are in 2019. He expressed that thanks to Pan American GamesForeign tourists and national movement were high, so there is expectation of improvement.

“Let's surpass what we achieved in 2019 in tourism. We are talking about 150,000 tourists from 40 countries during the matches. This was a pre-pandemic year, so we will recover those levels in 2025 or 2026 and increase by 20% to 30% over what was generated in 2019.”.

Regarding the most visited tourist destinations, Carlos Loiza mentioned the northern coasts as a tourist destination, the Amazon, the central mountains. As for the south, there are the most visited cities Arequipa, Cuzco, AbundantBecause tourists are “They want to know the country beyond Lima. Beyond our gastronomy, they hope to get to know the cultural aspect, the biodiversity”.

For this reason, it is considered that the authorities can allocate budget to these areas to provide training in foreign languages. In this way, better accommodation can be provided International tourists and can advance the economic recovery agenda Department of Tourism.

As for the challenges of the sector, it takes into account three aspects:

• infrastructure: There should be a connectivity plan, as well as the establishment of access to transportation from Lima to the interior and exterior of the country.
• Human resources: In 2019, training is needed to improve the competence of human resources to be good hosts and to provide the kind of hospitality that prevailed at the Pan American Games.
• Maintenance of estate: To maintain, preserve and better serve the tourists who want to visit the megacities, the conservation of materials, wonders and riches in culture should be on the agenda.

Finally, regarding the digitization of tickets for tourists to visit archaeological sites through electronic ticketing, Carlos Loiza said by 2027, “No need for printed tickets, rather we have any way to record the visits we have made and the places we want to visit.”.

read more: Pan American Games 2027 live: Lima beats Asuncion to headline

Great expectations for trade with Lima 2027

Carlos Posada, director of the Lima Chamber of Commerce, recognizes that this is its headquarters. Pan American Games 2027 This means that Peru is once again an internationally showcased country. Trade related to athletes, Peruvian trade, textile components, household goods, even electronics, are available to tourists.

as well as through international broadcasts and services to participants such as restaurants, tour guides, museums, retail and Peruvian gastronomy”Hook” will engage the audience Foreigners with Peru.

This will increase employment. Posada remembers that in 2019, “Employment opportunities are created both directly and indirectly, besides Infrastructure construction, but also trade, services, tour guides, restaurants, airlines, logistics management etc. All this affected more than 200,000 jobs. This panorama will be in production in 2027 and earlier”.

As for SecurityAthletes from more than 30 countries come to Peru, meaning their own teams, family members and companions guaranteeing this factor. It will move more than 20,000 people, not counting its operational and logistics part. Pan AmericanLeaders, referees, support people, etc.

Like Carlos Neuhaus, Posada predicts that the 2027 Pan American Games will make a 0.9% impact. PPI and 200,000 jobs,”Considering the direct and indirect peripheral activities involved in the sporting event, both in terms of infrastructure and development of the event”.

One of the challenges in this field is guaranteeing safety in general Pan American Games This is the second most important category Olympic Games.

For this reason, Carlos Posada focuses on managing logistics and trade facilities.It should be provided impartially. Don't stop controlling what needs more attention. I assume that Circumcision Y Customs They already have experience about the event, but we need to improve the procedures”.

In terms of infrastructure, projects should be undertaken to reduce traffic in the city and improve major thoroughfares: “There is nothing wrong with declaring a few days as holidays for celebration Pan American GamesIf we don't have proper and consistent management practice that allows us to have both things”.

read more: Lima will host the 2027 Pan American Games

Another look at the 2027 Pan American Games

Economist Juan Carlos Odar has a different take on their growth PPI with Pan American Games 2027. Due to less expenditure on infrastructure, the amount earned will be less.

“It's hard to talk about the 1%. The cost of infrastructure in Lima is low because everything is already built and it is very difficult to expect such a large balance. The multiplier effect may be higher, the lower the investment. On that basis, it's hard to imagine we'll make it to 1% PPI. Probably, a figure similar to what happened in Santiago will reach between 0.3% or 0.5%. BPI”, he warned.

He also highlighted that the sporting event will not have such a strong impact on the economy as it was held only in 2019, so these events are held more frequently, they are “novelty or attraction”, decreases.

“In the beginning there was an amount involved, more willingness of tourists to come, other factors like investment in infrastructure, but now it is increasingly less as only additional amount is being made.”.

However, consider Pan American Games 2027 They will be an opportunity in 2019 to take up unfinished business like improving urban transport and connecting boards in the city. “We must learn from these experiences so that progress is noticeable, otherwise it is another lost opportunity.”.

About the author

Journalist. Bachelor from University of San Martin de Porres with experience in Digital Media. Currently, I am working as a web editor in management with a keen interest in economic issues and finance.

Start standing out in the business world by getting the day's exclusive news delivered to your inbox Here. If you don't have an account yet, Sign up for free And be a part of our community.