Business events add more than $1 trillion to the global economy, says report.

In issue 46 of Business Events World and on The Iceberg, another amazing statistic draws focus.

It comes from Iceberg partner the Events Industry Council’s first Global Economic Significance of Business Events study. Our sector adds more than $1 trillion to the global economy, preliminary results show. In 2017 meetings brought together more than 1.4 billion participants in over 180 countries. The report itself publishes on November 9th, so will appear here next issue.

When I came to select the image above to illustrate the story, Photoshop for the first time warned me it “does not support the editing of banknote images”. How apt it is that my software is concerned I may be trying to print money! That’s the very thing our sector is now confirmed as doing.

In fact some friends in Spain did once inadvertently rent out their property to a forgery gang. But that’s another story.

In Features you can read all about the study’s statistic. Plus (click the right arrow or swipe to spin the carousels)… growing agriculture through business events in Sarawak, the meetings and knowledge hub attractions of Nice and Marseille, and the 22nd Human Genome Meeting in Yokohama.

News includes the $1 trillion story, plus how industry event IMEX America has just taken place and is contributing $19 million to Las Vegas’ economy. A decade after global recession the meetings industry has settled into steady and stable growth, according to American Express Meetings & Events’ 2019 Global Meetings and Events Forecast.

Sibos has been held in Sydney, showcasing local fintech. Australia’s convention bureaux are attracting more large business events and boosting opportunities for small businesses. New Zealand’s tourism minister has thanked 31 experts who secured international conferences for the country.

Also in News this issue… Dubai and Houston will be collaborating between this year’s ICCA Congress and 2019’s. Washington DC is marketing three new knowledge hubs. Paris has won the 72nd International Astronautical Congress for 2021. England’s North East is targeting big events with a new conference precinct. A Riyadh investment conference faced a global boycott following the killing of journalist Jamal Khashoggi at the Saudi consulate in Istanbul.

There’s still more on The Iceberg itself (click View all News). Bali has just hosted the IMF World Bank Group Annual Meetings. Brussels has staged EANS2018, and Leeds put on digitech18. Korea has won ISUOG’s World Congress in 2021, and Brisbane has bagged IFHNOS’ in 2026. Associations World Congress is being revamped.

In Opinions you’ll find IMEX America’s final day and key themes, the sustainability aspirations of Grimaldi Forum Monaco and the Minneapolis Convention Center, The Hague & Partners’ awards programme, and the event for women entrepreneurs where you can “bring your own baby”. Plus… Exhibition Director Middle East of IBTM Arabia Danielle Curtis, SITE’s research into incentives, and the future of the association model.

Until the next time (unless I do get Photoshop to print me some money)…

Robert Coren, Curator of The Iceberg


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