When Tokyo was awarded the 2020 Olympics, there was an air of optimism and excitement. Local businesses, from hotels to restaurants to retail shops, prepared for an influx of international visitors. The government projected economic benefits, including job creation and infrastructure development, which were expected to stimulate the local economy.
Infrastructure Investments
Significant investments were made in infrastructure, including new sports venues, transportation improvements, and urban development projects. These developments were expected to not only support the Olympics but also leave a lasting legacy for Tokyo.
Business Preparations
Local businesses geared up for a boom. Hotels expanded capacity, restaurants introduced multilingual menus, and retail stores stocked up on souvenirs and other goods to cater to tourists. The anticipation of increased revenue led many businesses to invest heavily in upgrades and marketing campaigns.