In 2012 London hosted the Olympic Games. Explain why business and sales within the hospitality and catering sector increased during and after the games.

The 2012 London Olympic games saw the arrival of thousands of visitors including athletes, spectators and tourists who made use of the hospitality industry such that millions of meals were served and hotel reservation bookings was significantly increased resulting in an increase in business profits

The data from the hotel bookings showed there were up to 30% booking extension which shows the interest in the visitors in extending their stay, more so that London has a lot of attractions which as a result of visiting for the games was showcased alongside which resulted catering and hospitality industry gaining new customers from all over the world.

Explanation:

answer makes less frequent trips to the bank and firms make less frequent price changes;