news
November 17-19 in Orlando
GBTA Announces New Dates
for 2021 Convention.
Awards
Austria Center Vienna Bags Coveted Gold and Silver Stevie Awards
Best B2C event and rapid testing lanes most valuable company response to the Covid-19 crisis category.
hotel news
First Radisson Individuals in the Baltics Opens Its Doors in Tallinn
Palace Hotel Tallinn is a monument of national architectural heritage built almost 100 years ago and respectfully renovated.
€300+ millions
The Economic Impact of Messukeskus Helsinki Melted By 80 per Cent
Pandemic damage radiates over the business life of the entire Helsinki Metropolitan Area.
sleep congress is awakening
World Sleep Congress 2022 to Be Held In Rome
EGA Worldwide Congresses & Events formally contracted as DMC service provider.
digital move
ICC Sydney Expands Broadcast and Hybrid Event Solutions with Media Studio
The studio features green screen technology which allows for visual integration of presenters into customisable background content.
21–22 October 2021
Union of International Associations Round Table Asia-Pacific 2021
Hosted by Tokyo Convention & Visitors Bureau (TCVB) live and online.
hotel news Scotland
Virgin Hotels to Open in Glasgow
Pack your kilts, Virgin Hotels opens brand new Scottish property in 2022.
CB Italias platform
Convention Bureau Italia Premieres Box IT,
The Free Networking Online Platform for International Buyers Interested in Italy as a Mice and Wedding Destination.
new roles
Imex Group Invests in the Team With Nine New Appointments
Several new roles have been created within the business with significant investment in systems, marketing and design.
RSS
rss_icon
Links
Asia’s MICE sector expected to rebound ahead of other regions

ASIA’S business events industry has the potential to rebound faster than other continents, but being able to conduct business safely is important, highlighted panellists at the Global MICE Situation in the Time of the Pandemic webinar for Philippine business events stakeholders, according to TTGmice e-news.

Green shoots can already be seen, according to UFI’s Asia Pacific regional manager Mark Cochrane. He related the example of China, which had zero exhibitions in February, is “slowly, and cautiously getting back into business”.

Asia’s business events sector is most likely to recover faster than other continents, experts predict

Although international travel is at a standstill, China’s massive economy has presented a lot of potential for domestic activities, Cochrane noted.

Noor Ahmad Hamid, ICCA’s regional director Asia Pacific, agreed, and pointed out that business events are starting to begin in smaller Chinese cities such as Qingdao, Chengdu, Shanghai, Hangzhou and Xiamen.

Some domestic activity is also happening in parts of Japan, Taiwan, and Malaysia, as well as New Zealand – which is slowly easing local travel restrictions – and Australia, according to Noor.

Cochrane added that Asian countries with domestic markets such as South Korea and Japan will open up first, while Hong Kong and Singapore will take longer as these cities rely primarily on foreign participation.

Asian destinations are observed to be on the path to recovery, with Singapore and Thailand announcing recovery packages and Hong Kong offering rental-free venues. These moves bode well for the exhibition sector.

“We have to tell governments that MICE is important for economic growth, and they have to open up,” said Noor, highlighting that it was important for local stakeholders to come together to push for it as well.

Jennifer Glynn, SITE president, pointed out that incentive travel “will come back regionally”, but will likely be with tighter budgets due to weak corporate performance during the Covid-19 crisis. As such, incentive groups will favour destinations closer to home.

To help planners stick to the budget, Glynn suggested that a programme to remote regions, emerging destinations, or the countryside would work, since a majority of incentive programmes usually number from 25 to 50 people.