Transcript Economic and Social Impact Tom Hulton

Meetings and Events –
Economic and Social Impact
Tom Hulton
Director International Relations
IMEX Group
Meetings
Critical engines of economic growth
• Generate employment
• Develop trade
• Drive exports
• Stage creative enterprise
• Spread knowledge
• Stimulate culture
• Regenerate cities
• Nurture local communities
Vienna
The Economic Impact of
Meetings
The Vienna Convention Bureau said that
NOTHING could be achieved locally if it was
not possible to prove to their local politicians
and the public, the value of the meetings
industry to the city
Economic Impact
European Congress of Cardiology
•No of delegates: 33,000
•No of hotel nights: 153,000
•50% of delegates used public transport
•Total contribution to Austrian GDP: 106 million Euro
•Tax income for Vienna: 5.4 million Euro
•Jobs secured in Austria: 143
UK Impact Study 2011
• 1.3 Million meetings
• £58 billion added to GDP
• Meetings Industry is 16th biggest employer –
515,000 people. Double the
telecommunications industry
• 12.6% of meetings in Universities or
educational venues
• 64% of meetings are small. 1-100 delegates
The Social Legacy
Docklands, London
London delivers!
• Excel London
• 2011 Economic Benefit to London
• £18 Billion
The Impact!
- Every major event delivers £150 million
- 10 more events – £1.5 billion
• 7,000 more nurses
• 6,000 more teachers
• 5,000 more police officers
Every Year!
Malaysia
• “Identify the need to establish Malaysia as
a leading Global Business Tourism
destination”
• “We remain focused to propel Malaysia to
the top 5 in Asia Pacific ICCA rankings by
2020”
Minister of Tourism: YB Dato Sri Dr Ng
Economic Transformation Programme
Transform Malaysia to ‘High Income
Economy’ by 2020 with Subvention Fund
 Euro 6 million in 2011
 Grow business tourism arrivals from
5% to 8% of tourism arrivals
 Euro 15 million by 2020
 Contribute Euro 9 billion in
incremental Gross National Income
 Additional 16,700 jobs
Your Potential (international)
Business!
•
•
•
•
Over 700 association meetings
Not been in Ukraine for 15 years
All with Ukrainian representative/contact
World Conference on Sports and
Environment – 500 delegates
• World Congress of Women Entrepreneurs
– 500 delegates
International Associations
Meetings
More interested in:
• Ability to reach out to new potential members and
markets
• Transfer knowledge, professional standards and
accreditations
• Win business for their members and other
stakeholders
Convention & Visitors Bureau
A MUST!
Strategic use of meetings by
governments that “get it”
• Raise profile in target industry
sectors
• Support academic and professional
communities
• Attract global expertise for the
benefit of local community
• Attract new investment
• Pave the way for the “knowledge
economy”
IMEX – Your business
opportunity.
• 3,500 exhibitors
• 4,000 hosted buyers from 75
countries
• 5,000 trade visitors
• 65,000 business appointments
between buyer and exhibitor
• 20-22 May 2014
Thank you
Every Success