Business Tourism- Main Characteristics , Benfits and Problems Facing the Industry

1747 Words Jul 23rd, 2013 7 Pages
BUSINESS TOURISM MANAGEMENT EA

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INDIVIDUAL REPORT

Business tourism can be defined as a convention, in the sense of a meeting, is a gathering of individuals who meet at an arranged place and time in order to discuss or engage in some common interest. Business tourism industry is growing rapidly worldwide.Business tourism is having its own features which define it from the other types of tourism, and I would mention it in order to explain the importance of the industry. This report is showing the importance of business tourism in the modern world, its benefits and advantages comparing to the other types of tourism and highlighting all the challenges and problems the industry is facing these days.First, i
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The business tourism sector has many other economic benefits which could be outlined as follows:
Direct economic impacts
Residence, transport and tourism services' expenses paid by the international visitors of exhibitions and conferences.
Growth of investments in business tourism, which includes establishing city centers, facilities of conferences and exhibitions, conference and exhibitions centers organizing companies, events organizing companies, suppliers of events, destinations management companies,, etc.
Growth of investments in business tourism, which includes establishing city centers, facilities of conferences and exhibitions, conference and exhibitions centers organizing companies, events organizing companies, suppliers of events, destinations management companies,, etc.
Revenues of owners and the organizing authorities of exhibitions and conferences including (sponsorships, registration fees, sale of exhibitors’ spaces, selling media copyright, penalties, and gifts sales).
Revenues of business tourism suppliers.
Trade exchange and deals which are concluded during exhibitions and conferences.
Marketing products of sponsors of the conferences and exhibitions.
Rise of promotional activities.

Indirect economic impacts
Expenses paid by visitors of conferences and exhibitions to general services.
Expenses of gifts paid by business tourism visitors.
Sales of farmers, factories and service suppliers.
Contribution of business

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