The Black Sea resort cityof Sochi will hostthe Winter OlympicGames and the reinstated Russian Grand Prix in 2014, and Russia will hostthe FIFA World Cup in 2018, with many hotel chains around the country investing in anticipation.
The cost of running a modern Olympicgames represents a staggering burden to thehostcity, and endorsement contracts are one ofthe best ways to offset that cost.
There is of course a tremendous amount of effort that goes into the marketing of a city to be a true contender for theOlympicgames or to hostthe world EXPO.