Tag Archives: Asia Pacific

MiCE industry to be valued $1245 bn in 2023: Study


The meetings and events industry is projected to reach $1245 billion in 2023, registering a CAGR of 7.5 per cent growth from 2017 to 2023, states a new report published by Allied Market Research, titled, ‘MiCE Industry by Event Type: Global Opportunity Analysis and Industry Forecast, 2017-2023’. According to the report,  the global MiCE industry was valued at $752 billion in 2016. This growth is seen to emerge from rapid globalisation and expansion of service industries, and evolution of scientific and technological innovations. The meetings segment dominated the global MiCE industry in 2016, due to the growth of the travel and tourism industry, increase in international business travels, and rise in government initiatives for the development of MICE segment & SME sector. Recent trends of organising hybrid meetings, and use of social media and meeting apps are  expected to the boost market growth in the near future. Asia-Pacific is expected to witness the highest growth rate of 8.6 per cent during the forecast period. This region is significantly driven by emerging countries such as Singapore, China, and India. Moreover, ease of visa restrictions, investments in better infrastructure, and high demand in commercial aviation further fuel the growth of the Asia-Pacific MiCE industry. The report also stated that in 2016, Europe dominated the global market with more than 42 per cent market share, in terms of value.

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All cheers for passenger demand in October: IATA


According to global passenger traffic results by International Air Transport Association (IATA), the passenger demand in airlines rose 7.2 per cent in October compared to the same month last year. The capacity grew 6.2 per cent and load factor climbed 0.8 percentage points to 80.8 per cent, a record for the month. October’s performance was a strong rebound after the hurricane-related disruptions in September. Domestic and international travel growth largely was in balance. “As expected, the recent severe weather in the American region had only a temporary impact on the healthy travel demand we have seen this year, and we remain on course for another year of above-trend growth,” said Alexandre de Juniac, IATA’s Director General and CEO. For Asia-Pacific carriers, the large markets in India, China and Japan mean that domestic travel accounts for 45 per cent of the region’s operations. Asia-Pacific airlines led all regions with traffic growth of 10.3 per cent compared to the year-ago period, which was up from an 8.7 per cent rise in September. Capacity climbed 8.4 per cent and load factor rose 1.3 percentage points to 78.0 per cent.

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Business travel safer today than in the past: CWT survey


The reason to worry while travelling will always be there, but with changing times, business travel scenario too, has evolved. A recently conducted research by Carlson Wagonlit Travel found that while more than one-third (37 per cent) of European travellers are concerned about safety and security, their counterparts from other regions worry more. Travellers from the Americas say that they worry about safety and security nearly half of the time (47 per cent), while Asia Pacific travellers worry the most (56 per cent). “Despite recent terrorist attacks, business travelers say they’re more worried about other things – and that’s surprising,” said Simon Nowroz, Chief Marketing Officer, Carlson Wagonlit Travel. “We found that, yes, the world seems scarier at times – but travellers believe they have more tools at their disposal to keep them informed and safe.” Components like terrorism only ranks fifth (35 per cent) among safety concerns, despite the high visibility of terrorist attacks. Others like ‘forgetting something needed for work’ was ranked higher (40 per cent), as did ‘losing something important’ at 38 per cent, ‘being robbed or attacked’ saw 37 per cent and ‘weather conditions’ was at 37 per cent. The CWT Connected Traveller survey of more than 1,900 individuals found that two-thirds (67 per cent) of business travellers believe travel is safer today than in the past, as they have more tools to mitigate safety concerns. Seven out of ten travellers use at least one of their employer’s security protocols, such as traveller tracking or emergency contact profiles. And more than two-thirds (68 per cent) buy travel insurance. The study did reveal several findings of concern. For example, one in five travellers have cancelled a trip due …

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Radisson Blu’s ‘The Art Of Weddings’ exclusively for Indian market


Radisson Blu has introduced an exclusive campaign focused on weddings specifically for the Indian market. Known as ‘The Art of Weddings’, building on the brand’s global ‘Something Blu, A Wedding of a Kind’ concept, the initiative will run across all of India’s 34 Radisson Blu hotels. ‘The Art of Weddings’ will roll out in the form of a two-day lavish experiential ‘Wedding Fair’ at Radisson Blu Hotel New Delhi Paschim Vihar on August 25 and 26 and Radisson Blu Hotel Indore on September 2 and 3. Special privileges such as food and beverage discounts and a bonus of 25,000 Club CarlsonSM Gold Points, will be extended to all wedding bookings made at Radisson Blu hotels across India during the campaign period. Partnering with the campaign are couture designer Payal Singhal who will present ‘The Azure Collection’, an exclusive line designed for Radisson Blu; renowned celebrity chef from Radisson Blu, Rakesh Sethi; Ramit Batra, acclaimed destination wedding photographer and storyteller; Puneet Gupta and his fashionable, bespoke wedding invitation designs; Jewels D’Allure that will bring together personalised, high-end jewellery and Eclairs Cakes; a specialist in designer wedding cakes. Leading make-up artist Kangana Kochhar will also participate in the New Delhi Fair. Sandy Russell, Vice President, Commercial Operations, Asia Pacific, Carlson Rezidor Hotel Group said, “The ‘Art of Weddings’ taps on the huge potential of the wedding market in India and is unique in its targeting, delivery and reach. The campaign is designed to create personalised wedding experiences and we are confident that the campaign will resonate strongly with consumers in the country.” Raj Rana, Chief Executive Officer, SouthAsia, Carlson Rezidor Hotel Group said, “We are excited to launch The Art of Weddings …

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Marriott offers rewards at select venues in Asia Pacific


Marriott International is offering group (minimum 10 rooms) or catering events Triple Choice benefits for any confirmed groups between March 1, 2017, and September 15, 2017, for groups and events held till September 30, 2017, at participating Marriott venues in Asia Pacific. The benefits would range from a five per cent discount on master-billed rooms to Triple points on eligible revenue. Eligible customers will also be offered complimentary internet in meeting rooms, one complimentary room night for every 25 paid room nights, one complimentary room upgrade for one night for every 25 paid room nights, and the chance to earn a signing bonus of 1,000 points for every event booked. Customers will have the opportunity to choose three rewards for their event booking.

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Marriott launches joint meeting offerings for three loyalty programmes


Marriott International, Inc. launched its first ever joint meetings offer in Asia Pacific for members across its three loyalty programmes: Marriott Rewards, The Ritz-Carlton Rewards and Starwood Preferred Guest (SPG). The offer rewards members for booking meetings or events at any of the portfolio’s participating hotels and resorts across Asia Pacific. Peggy Fang Roe, Chief Sales & Marketing Officer, Asia Pacific, Marriott International, said, “With this offer, we bring more options and consistent benefits to all members across three loyalty programmes. Members can now enjoy over 500 hotels, across 19 brands and 20 countries across Asia Pacific. This is just the first step to making it easier for our members to do business with us and we are excited about offering even more benefits to come.”

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PTM 2017 in Macao from Sep 13-15


The 40th edition PATA Travel Mart 2017 will be held in Macao SAR from September 13-15. The mart will be hosted by the Macao Government Tourism Office (MGTO). PATA CEO Dr. Mario Hardy said, “It is an exciting prospect to be returning to Macao SAR for the fortieth anniversary of PATA Travel Mart, having previously held a successful Mart there in 2010. PATA and the MGTO enjoy a very special, unique and rewarding relationship that we treasure and hold in high regard. Maria Helena de Senna Fernandes, Director, MGTO, added, “PATA Travel Mart mobilises a relevant contingent of travel trade stakeholders from the Asia Pacific region and around the world.”

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