measuring the economic importance of the meetings industry developing a tourism satellite account...

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Measuring the Economic Importance of the Meetings Industry Developing a Tourism Satellite Account Extension

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Why do we need to measure industry precisely? The way to acquire regonition / respect for the Industry Without it the Meetings Industry will be ‘poor relation’ Not considered a mainstream economic driver This is the reason why: ICCA, MPI, RTE working with the UNWTO Backed by other leading national / international industry associations

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Page 1: Measuring the Economic Importance of the Meetings Industry Developing a Tourism Satellite Account Extension

Measuring the Economic Importance of the Meetings Industry

Developing a Tourism Satellite Account Extension

Page 2: Measuring the Economic Importance of the Meetings Industry Developing a Tourism Satellite Account Extension

Why do we need this project?

• We do make a sizable contribution to economies

• But we simply cannot quantify it accurately

• And is officially recognised

• Data collection has huge gaps

• Misleading, inconsistent

• But not all bad

• Some countries are collecting data regularly

• We are not starting from zero!

Page 3: Measuring the Economic Importance of the Meetings Industry Developing a Tourism Satellite Account Extension

Why do we need to measure industry precisely?

• The way to acquire regonition / respect for the Industry

• Without it the Meetings Industry will be ‘poor relation’

• Not considered a mainstream economic driver

• This is the reason why:

• ICCA, MPI, RTE working with the UNWTO

• Backed by other leading national / international industry associations

Page 4: Measuring the Economic Importance of the Meetings Industry Developing a Tourism Satellite Account Extension

Tourism Satellite Accounting or TSA

• Recommending a form of TSA

• Already an officially accepted measurement framework

• Meets strict international criteria

• Collating data in the same way with same definitions

Page 5: Measuring the Economic Importance of the Meetings Industry Developing a Tourism Satellite Account Extension

What does this mean for me?When will it be delivered?

• Slow burn

• The Industry will have to be patient

• Already been working on this for more than three years

• Report has been published

• But now needs everyone to get behind the initiative

Page 6: Measuring the Economic Importance of the Meetings Industry Developing a Tourism Satellite Account Extension

Where can I get the report?

• Two versions

• Detailed comprehensive report

• Summary document… (for those that do not have time to read the whole report!)

• Download from partners websites:

www.mpiweb.org

www.icca.org

www.reedtravelexhibitions.com

www.eibtm.com

Page 7: Measuring the Economic Importance of the Meetings Industry Developing a Tourism Satellite Account Extension

Who will collect the data?

• Government agencies

• As part of the national statistics collation

• But, again, they will need everyone’s help

• 150 UNWTO member states

• But also need to involve all countries

• Mature and emerging markets

Page 8: Measuring the Economic Importance of the Meetings Industry Developing a Tourism Satellite Account Extension

Using the same words and definitions (wherever you are in the world)

• Report recommendations include:– Meetings Industry – attracts considerable

support

– Meetings aims – motivate participants to conduct business, share ideas, learn, network and discuss

– Meeting size – Minimum of 10 participants

– Meeting venue – venue where there is a payment

– Meeting duration – half day (4 hours) or more

Page 9: Measuring the Economic Importance of the Meetings Industry Developing a Tourism Satellite Account Extension

Next steps

• Work on what data needs to be collated

• But initiative now part of major communications campaign

• Needs to be the subject of industry forums at all levels

• Partners will welcome feedback

Page 10: Measuring the Economic Importance of the Meetings Industry Developing a Tourism Satellite Account Extension

Steering group

• Christian Mutschlechner, Immediate Past President, ICCA

• Didier Scaillet, Director of European Operations and Global Development, MPI

• Geoffrey Lipman, Assistant Secretary-General, UNWTO

• Antonio Massieu, Head of the UNWTO Department of Statistics and Economic Measurement of Tourism

• Carlos Romero, Executive Director, Affiliate Members, UNWTO

• Tom Nutley, Chairman, Reed Travel Exhibitions

• They need your feedback! Either directly through them or via the Joint Meetings Industry Council

Page 11: Measuring the Economic Importance of the Meetings Industry Developing a Tourism Satellite Account Extension

Steering group email

• Or contact the Group

• Jane Larcombe [email protected]

Page 12: Measuring the Economic Importance of the Meetings Industry Developing a Tourism Satellite Account Extension

The future is yours

BUT ONLY IF WE WORK TOGETHER