Money Talks
The folks at Commonwealth Games Committee were targeting sponsorship of Rs. 1,200 crore. Till now they have sold sponsorships worth Rs. 342 crore. The huge negative publicity campaign seems to have done some damage. Many large corporate houses have not signed on as yet. As we go to press it appears that most of the sponsors were large public sector undertakings like NTPC, Air India and Central Bank of India. On the broadcast right front, the situation is only a little better. The official target was to get Rs. 211 crore. What they have is Rs. 156 crore.
Will They Come and Watch?
One key area of audience participation will be people who buy tickets to see the events live. On this front too the results have been fairly downbeat. A total 1.7 million tickets are on sale; till now about 200,000 have been sold. Only about one-tenth of the revenue target from ticket sales has been achieved. The good news is that our eternal hope — hockey — continues to be the big crowd puller and more than 60,000 tickets have been sold. Games authorities believe that once foreign tourists start arriving the sales should increase.
Drop Outs
A huge disappointment for the Games has been the large list of drop-outs. Topping the list is the fastest man on the planet: Usain Bolt of Jamaica. If he had turned up the athletics section would have become the most watched event. Olympic track cyclist Victoria Pendleton is another big name gone. She was a gold medal winner at the Beijing Olympics. The 800 metres record holder David Rudisha and world heptathlon champion Jessica Enis too have decided to give the Games a miss. Samantha Stosur, Australian tennis player, who had a great French Open and turned in a very good performance at the US Open, has also decided to not come to India. The Australians continue to be unkind to India because the winner of four gold medals, Stephanie Rice, has opted out. Hers is an injury-related case but even so the commonwealth Games lose their sheen a bit.
Tourist Arrivals
Hotel occupancy right now in the Delhi market is around 40 to 70 percent. It is expected to be between 50 and 80 percent during the Games. Hoteliers who spoke to Forbes India were anticipating occupancies running close to 100 percent. The tariff too is expected to be 5 to 10 percent more than the present rates during the Games. No patch on the doubling of rate that was expected. Of course, hotels are not built just for the Games.
(This story appears in the 08 October, 2010 issue of Forbes India. To visit our Archives, click here.)
People in 'Jhuggi jhopdi' also watch TV. Workers who have worked and are working (are their payments due?) live there you see. Others in Delhi also watch TV, read, and surf. What is there to be excited about when the people at the top of CWG have already filled their coffers and made comfortable arrangements for their near and dear ones (many from Delhi), without even giving local bizmen and lalas a chance to even look at it.
on Sep 29, 2010