Impact of festival and events

  Political: Positive Impact: The Royal Ascot event can foster positive relationships between the Royal Family and political leaders, enhancing national unity and pride (Allen et al., 2008, p. 225). Negative Impact: Political instability or controversies can potentially dampen the image of the event and affect attendance (Preuss, 2008). Economic: Positive Impact: The event generates significant revenue through ticket sales, hospitality packages, sponsorships, and tourism spending, contributing to the local, regional, and national economies (Daniels & Norman, 2003, p. 214). Negative Impact: High ticket prices and associated costs may exclude certain demographics, leading to accusations of elitism and inequality (Ritchie, 1984, p. 5). Social: Positive Impact: Royal Ascot provides a platform for socializing and networking, reinforcing social bonds and traditions within British society (Yeoman et al., 2003). Negative Impact: Issues like dress code controversies or incidents o...