GIBTM_DAY2_March2012

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MARCH 26 – dAy one | MARCH 27 And 28 – dAy two And dAy tHRee

The official show daily for The Gulf incenTive, Business Travel & MeeTinGs exhiBiTion 2012

POSITIVE OUTLOOK FOR GULF MEETINGS

inside 04 exhibitor news 16 iBTM Meetings industry research – analysis and response 18 education seminars 20 The show in pictures 22 The vision's ali abu Monassar on abu dhabi as a global meetings hub 23 focus on exhibiting destinations 26 delegate soundbites

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Regional professionals more bullish than global counterparts A resounding sense of optimism was identified for buyers and suppliers based in the Gulf at the IBTM Annual Meetings Research seminar, with an amazing 64.5 percent of buyers expecting their volume of events to increase and just 8.4 percent expecting to hold fewer events over the next 12 months. This compared to 56.4 percent of global buyers anticipating better volume in the forthcoming year. Speaking at the launch of the GIBTM research seminar, Sally Greenhill, MD of The Right Solution, stressed the bullish state of the sector in the Middle East and North Africa: “Over 90 percent of regional buyers predicted that their budgets will either rise or remain the same over the next 12 months, and we are seeing a much more positive attitude here compared to the global situation.” While respondents had a healthy budget per event in the Middle East of US$46,117, the highest spend was devoted to events in Iraq and Palestine (US$87,500) and the lowest for Sharjah (US$20,000). One of the more surprising results was the fact that Abu Dhabi topped the bill when it came to holding events for under US$10,000 – good news for the capital’s corporate meetings sector. But there were plenty of positives for Dubai too, which featured as the number one destination for global buyers over the last 12 months, being used by 55.7 percent of those who were active in the region. It was also the most popular destination for events with budgets in excess of US$100,000 with an average spend per event of US$58,000.

sheikh sultan Bin Tahnoon Al nahyan officially opens GiBTM and walks the show with Craig Moyes and Lois Hall of Reed Travel exhibitions

The top industry sectors for the regional meetings industry were oil and gas; pharmaceuticals; and finance and banking, with no real change over last year’s results. Another highlight from the IBTM research was the focus on rates, added value and intelligent pricing as the top three priorities of buyers that could impact on choice of destination and venue. “Price is the most common response to this question,” stressed Greenhill. The IBTM research also indicated that India was front of mind for Middle East buyers, nominated as the top destination for outbound preference in the next 12 months: “India was followed by Thailand, Malaysia, Turkey, Sri Lanka, the Maldives, France, Japan and the UK,” said Greenhill.

Turning to where meeting and event business was sourced in the region, she said that while nearly three-quarters came from corporate clients, the biggest growth had been in the association market: “While this sector made up around 30 per cent of business, this figure has increased from just five percent when we started our research five years ago.” This latest result is testament to the region’s push towards infrastructure development devoted to large-scale meetings, including new convention centres and a more mixed inventory of hotels across star categories. Reactions from key regional meetings industry players on the challenges and opportunities highlighted by the research are featured on pages 16 and 17.

RECORD SEMINAR ATTENDANCE 20 Seminar highlights Tuesday 10.00 - 11.00

Optimising travel payment systems in the Middle East

Tuesday 14.30 - 15.30

Majlis culture in business tourism (Arabic session)

Tuesday 16.00 - 17.00

Delivering savings in an upbeat Middle East market

Wednesday 10.00 - 11.00

Sustainability in the incentive, business travel and meetings industry

Wednesday 11.15 - 12.15

The future of meetings and creating training to stay ahead

A ramped up educational programme at GIBTM has received an overwhelming response by attendees to the 2012 event, with sessions on day one attracting quadruple the attendance year-on-year. “Our corporate travel seminars in association with ACTE have added a new string to GIBTM’s bow and we

had great attendance at both sessions on day one. The ICCA seminar and the IBTM Middle East Research seminar were standing room only, with the former attracting record participation of over 90 attendees,” said Craig Moyes, Portfolio Director – Meetings and Events Portfolio.

Ron DiLeo, Executive Director of ACTE echoed Moyes’ comments, saying that response to their education seminars was very positive. “We had a full house and delegates were hanging on every word of our panellists, demonstrating need for development of the corporate travel management in the region where global travel policies tend not to be implemented in full.” Reed Travel Exhibitions attributes the success of the seminar programme to the region’s thirst for knowledge and a desire for education including best practice lessons from the industry’s leading proponents. Seminars this year are being held in a purpose-built Seminar Theatre on the show floor, making them more accessible to visitors and exhibitors. GIBTM had a strong opening , with pre-scheduled meetings up nine percent over 2011 results and a busy show floor throughout the day.


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