Convention Centres and Exhibitions

 

There are many economic benefits generated by successful conventions and exhibitions.  The most obvious is the spending incurred on setting up and running conventions and exhibitions.  This includes spending by convention and exhibition organisers, exhibitors at the event as well as delegates attending the conventions and visitors attending the exhibitions.

 

The second is from spending by delegates outside of the convention or exhibition. This includes accommodation, travel, sightseeing, meals, souvenirs, etc.

 

The third is from induced tourism.  Induced tourism occurs when international delegates and visitors return at a later date to visit the country as a tourist, in many cases with their families.  In turn, some of these return visitors become regular visitors to our shores.

 

Fourth, business to business conventions and exhibitions are a key meeting place for agreement to be reached on a wide range of different types of potential business agreements. These can be orders, cooperation agreements, foreign direct investment and so on.

 

It can therefore be seen that convention centres have an economic impact that is far wider than just the development and operation of the centres themselves.