Essay on China convention market

This conference seems to be the pinnacle point for participants to a) network/connect with current customers in addition to establishing new ones b) the distribution of new product concepts/designs that are promising for the future of that industry. If the final solution to this problem into being to move the conference to another date, there is a possibility that managers will have difficulties scheduling the speakers that were originally lined up. In addition to another time for participants to reschedule flights at economical rate and be with to use there are paid money towards another hotel location.

Trade had a positive and/or negative effect on the people who were located in the regions of China and the Americas. People in the world region of China had many positives. The Americas had both positive and negative results. Some positives for China included, a good ripple effect in its economy and a lot of tributes being sent. Positives for the Americas included an expansion of knowledge, as well as discovering more from the world.

This report also covers the nature and characteristics of a given segment of the leisure or events industry, what economic impact towards society using PESTLE to specify these aspects and also what skills required of managers in the segment mention on this topic.

Research and review one major professional association related to the Events or Hospitality industry. What is it all about? What resources does it offer you as a student and a professional? How can you professionally benefit from this organization, or how is this useful? (5 points)

Tourism plays a vital role in economic development in most countries around the world. The industry has not only direct economic impact, but also significant indirect and influential impacts. There is agreement among experts that the travel and tourism sector is the fastest growing of global economy. According to the latest UNWTO World Tourism Barometer, international tourism receipts surpass US$ 1 trillion in 2011, growing about 3.8%up from 2010 (WTO, 2012).

The state of the industry since September 11, 2001 is as follows: Airlines have experienced two point one billion in losses and more than one hundred thousand layoffs. Employment domestically has experienced a ten percent drop in demand and employment globally has experienced a thirty percent drop in demand. Hotels have experienced a two billion dollar lost in room revenue and meeting room and convention industry has experienced a one billion dollar loss. As a whole the entire Travel and Tourism industry have experienced an enormous drop in revenues.

Kerala has taken the initiative for establishing the technical benchmark for the rest of India. Private investment in the infrastructure of Kerala has resulted in a unique and progressive society that is adopting a western taste for entertainment and leisure. Tourism is increasingly becoming a mainstay industry of Kerala. Besides bringing in large investments from international financial contributors, the tourism is also contributing much to the State's annual revenue. The State has launched several events like the India International Boat Show to promote the State in the Indian and international markets. These types of shows and the need for a venue to host these gatherings is becoming clear, as those conventions become more frequent in such a progressive area. There are limited structures that can support the types of meetings and presentations that are becoming more common place in the expanding economy.

Another aspect of impact of tourism on a country’s economy is that it facilitates the expansion of the market of goods and services. Foreigners come to a country willing to spend money on different goods and services, thus increasing the amounts of sales. This is a great chance for producers and service providers to receive larger profits. This concerns not only hoteliers, tour operators, and souvenir shops owners. Public transportation, retail stores of different kind, restaurants, and cafes benefit from international tourism. Obviously, if these industries are in demand, businesses will be expanding. On the one hand, it means that more money is paid to the budget. On the other hand, profits generated by the owners are spent inside the country, affecting almost all the fields of the

The Travel and Tourism industry is still one of the largest single businesses in world commerce and its importance is widely recognized. The tourism industry is now one of the largest sectors earning foreign exchange. In the face of many benefits, many countries have started assigning due weight age to the tourism industry in their national development agenda. Tourism is an industry that operates on a massively broad scale: it embraces activities ranging from the smallest sea-side hotel; to air-lines, multi-national hotel chains and major international tour operators. Originally, non-traditional industries such as tourism emerged as a solution to strike a balance between ecology and industry

The tourism industry is very important to the UK economy as it financially represents the investment. The royal wedding had an increase of visitors to the UK and only 30% visiting the individual tourist attractions. However some venues were trying to

This is particularly evident in Asia, where exhibition space is expected to grow to 4.6 million m2 by 2010—a 20% increase on 2006. UFI points out in its June 2007 report—“The Trade Fair Industry in Asia - 3rd Edition” —that, spurred by the momentum of production relocation to Asia from the rest of the world, the Asian MICE industry made over US$2.4 billion in revenues in 2006. There was a 7.6% growth in the quantity of exhibitions and a 17.4% growth in available floor space. China, Hong Kong, India, Taiwan, and Thailand demonstrated the most remarkable growth in both respects.

“Malaysia is fast emerging as one of the top destinations in the world for Meetings, Conventions, Incentives and Exhibitions (MICE). The country ranks 23rd in the world, based on the International Congress and Convention Association’s statistical preview of association meetings held in 2006, up 10 spots from the previous year. Malaysia is banking on its top-notch convention centres, quality accommodation, value-added services and many other attractions to propel itself into the top ten.” (Visitors Guide Malaysia c.2008, p.1)

Scotland is a country which receives many tourists every year from all over the world. Especially Scotland’s business tourism sector is on the rise. There was a huge capital investment, approximately £2 billion, from airlines such as United, Lufthansa, US Airways and Qatar and hotels like Hilton, MotelOne, Marriott in Scotland. Additionally, Scotland hosted many events this year e.g. the Commonwealth Games, Ryder Cup at Gleneagles, Homecoming Scotland 2014 or the MTV European Music Awards at Glasgow’s SSE Hydro. Because of the high amount of conferences and events, the profile among international markets has raised. The Visit Scotland Conference Bid Fund revealed information that 46 international association conferences have been secured until 2021. Among them are all types of conferences such as food/drinks trade shows, science/educational conferences or topics like renewable energies. From this it follows that the year 2014 was only the start for a flourishing business tourism sector in Scotland. In the first quarter this year there were 90.000 trips made by international business travelers. Compared to the same period in 2013, there is an increase of about 4%. The number of domestic overnight business tourism trips is 493.000 which is again higher than in 2013. When comparing the spent per trip and per night, the international business tourists spend roughly £200 more than domestic business travelers per trip and £30 more per night. They also stay on average one night

The meetings, incentives, conferences and events industry is continuing to grow and develop. During low seasons for tourist destinations the MICE industry generates income for venues and other suppliers for the industry. Globally trends and issues within the MICE industry are arising annually. These trends and issues that affect the industry globally, can impact the Irish MICE market also. I plan to outline certain trends and issues that are making an impact upon the global market currently and see if they impacted upon the Irish conference market.

Tourism has become a commercial business, which has obvious benefits to the said economy, the environment and society. Often, the positive economic impacts persuade governments, companies and individuals to get involved with the development of tourism. Tourism creates jobs, both