Events industry now delivers £36.1bn, says new BVEP report

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The UK meetings industry, incorporating business visits, events, hospitality, incentive travel and trade exhibitions is now worth over £36.1bn, according to a new report from the Business Visits and Events Partnership (BVEP). The findings, published 19 October, reinforce the critical contribution this sector makes to UK plc. The 106-page Britain for Events report breaks down the sectoral contributions, estimating conferences and meetings to be worth £18.8bn annually to the UK; exhibitions and trade shows £9.3bn; and sporting events £2.3bn. The corporate hospitality industry is valued at £1bn. The report shows that inbound business visitors spend 193 per cent more than inbound leisure visitors, while UK-based business travellers spend 72 per cent more than those travelling on leisure. The BVEP is the umbrella body for the UK business tourism industry and its report findings will be presented at the House of Commons on 20 October to 50 MPs, as a part of the ongoing industry campaign aimed at raising awareness of the value of face-to-face meetings and events.  Meanwhile, British Tourism Week, which runs from 12 to 20 March next year, will also announce a campaign on 20 October, attempting to highlight the country’s prominent seaside attractions and the jobs and growth generated by tourism.A series of pier parties, including one hosted on the R.S. Hispaniola on Victoria Embankment, is intended to raise the profile of the week among politicians and the tourism industry. Secretary of State for Culture, Olympics, Media and Sport, Jeremy Hunt MP, said: “British Tourism Week offers all of us a fantastic opportunity to raise the profile of the tourism industry and to highlight what a hugely important sector it is to the UK economy.” Tourism board VisitBritain is backing the BTW and Chief Executive Sandie Dawe said the pre-launch for BTW would encourage “greater appreciation of the sector, improve quality standards and promote training and professionalism at a much earlier stage”.
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