COM­MON­WEALTH GAMES BRING NO IM­ME­DI­ATE GAINS

Finweek English Edition - - SIMON SAYS -

Dur­ban has won the right to host the 2022 Com­mon­wealth Games and many are look­ing for the in­vest­ment op­por­tu­nity as we did with the 2010 Fifa World Cup. Con­struc­tion is not an op­tion as most of the in­fra­struc­ture is al­ready in place, with only a few tem­po­rary fa­cil­i­ties needed. Hos­pi­tal­ity will do well but it will be lo­calised around Dur­ban for the few weeks of the event. Sure they’ll do well, but I’m not sure it’ll be enough to re­ally move the dial. In short, the win­ner will be longer-term aware­ness of Dur­ban and South Africa. There will be one big win­ner, Airbnb. This will help lo­cals rent out rooms and if any­thing, will dent ho­tels’ in­come. Since we’re un­able to in­vest in Airbnb, I’ll just be a spec­ta­tor.

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