Khaleej Times

A ticket to Rio is the easiest thing to win for the Games

-

new york — Over the past few weeks, one US marketing executive’s phone has been ringing hot with offers that many sports fans could only dream of: an all-expenses-paid trip to watch the Olympic Games in Rio de Janeiro next month.

So far, 10 Olympic sponsor firms have invited him to the Games, a sign of what he and other executives say is an event struggling to draw well-heeled corporate clients worried about Zika virus, Brazil’s economic crisis and security risks.

The marketing executive, speaking on condition of anonymity to avoid harming business relationsh­ips, said he had turned down Rio due to prior commitment­s.

But even when invited guests are available to attend, there appear to be fewer takers than normal for Rio, according to interviews and a Reuters analysis of ticketing and travel data.

“I can understand the scare about the Zika virus,” said Rob Prazmark, president of 21 Sports & Entertainm­ent Marketing and a leading broker of Olympic corporate partnershi­ps. “And when you have a souring market, which Brazil has become, the concept of entertaini­ng at a high-profile event can also go sour.”

For the host city, corporate entertainm­ent is an important part of its plan to recoup part of its $12 billion in Games investment. For Olympic sponsors and other big firms, the Games are a major marketing event, a chance to reward customers, suppliers, staff or VIP guests with the trip of a lifetime.

A typical five-day programme for two corporate guests is valued at around $30,000, according to another marketing executive who has worked closely with sponsors on the programmes. Some companies invite more than 1,000 guests each.

Several top-tier global Games sponsors — including VISA , GE and Coca-Cola — said their hospitalit­y programs were proceeding as planned for Rio. They declined to say how many guests or employees they would entertain there.

All said health and safety of guests were a top priority. —

Newspapers in English

Newspapers from United Arab Emirates