Singapore to host more MICE events

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Singapore, 8th March: According to Singapore Tourism Board (STB), tourism receipts from the business travel and MICE sector generated S$3.4 billion (US$2.5 billion) in the first nine months of 2018, which represents growth of 10% year-on-year. Visitor arrivals in the same period increased 14%, reaching two million.

Singapore will host a number of sizeable business events in 2019 and beyond. Some of the events secured were new to Singapore. Professional services, technology and food & beverage sectors are expected to record growth in the coming two years. It is estimated the professional services and technology sectors will attract 10,500 and 6,000 delegates, respectively in 2019. The F&B sector will also have high-profile events held in Singapore. Food&HotelAsia (FHA), a leading F&B trade show in Singapore, will split into two events – FHA-HoReCa and FHA-F&B – in 2020 and overall, is expected to attract more delegates.

Melbourne wins huge international convention

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Melbourne, 14th March: Melbourne won the bid the host the 2023 Rotary International Convention. It is expected to draw tens of thousands of visitors.

The bid was led by the Melbourne Convention Bureau (MCB) and supported by the Victorian and Australian governments. Approximately 20,000 Rotary members from over 200 countries and regions will inject over A$88 million (US$63 million) into the Victoria state economy. The convention will be hosted across two venues – Melbourne Convention and Exhibition Centre (MCEC) and Rod Laver Arena at Melbourne & Olympic Parks.

Messe Berlin to launch ITB India in 2020

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Mumbai, 5th March: Messe Berlin, an international exhibition organiser, announced plans to launch ITB India, a B2B travel trade show and convention, in 2020. Running from 15th to 17th April 2020, the show will take place at the Bombay Exhibition Centre (BEC) in Mumbai.

ITB India aims to bring together key travel industry leaders and buyers from India and international exhibitors from the MICE, leisure and corporate sectors. The show will be organised by Messe Berlin (Singapore) Limited and will be supported by the Indo-German Chamber of Commerce.

Taipei Nangang Exhibition Center Hall 2 opens

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Taipei, 4th March: The long awaited Hall 2 at the Taipei Nangang Exhibition Center opened on 4th March. The new addition raises the capacity of Nangang from about 45,000 m2 to almost 80,000 m2. The venue now has capacity for 5,000 booths. Hall 2 will also be known as TaiNEX2. According to TAITRA, 38 meeting rooms at the TaiNEX2 are still under construction. Those facilities are expected to be completed in October 2019.

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Macau hosts 1,400+ MICE events in 2018

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Macau, 27th February: Earlier this week, Macau’s Statistics and Census Service (DSEC) released its MICE statistics for the fourth quarter as well as the full year of 2018. A total of 1,427 MICE events were held in Macau during 2018. That is 46 events more than in 2017. The total number of participants increased 12%, to more than 2,120,000.

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Mega Expo posts loss in the half-year result

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Hong Kong, 27th February: Mega Expo, formerly known as Kenfair, a Hong Kong-based exhibition organiser, recently reported its interim results for the six months ended 31st December 2018. The company reported revenues of US$36 million, representing growth of 284% year-on-year. However, Mega Expo posted a net loss of US$16 million in the same six-month period, compared with a net profit of US$5.8 million in the same period in 2017.

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Baidu’s profits rise 51% in 2018

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Beijing, 21st February: Last week, Baidu, the leading search engine in China, released its results for the financial year 2018. Revenues were US$15 billion for the financial year 2018, representing a year-on-year 28% increase. Net profit in the year grew 51%, reaching US$4.0 billion. Diluted earnings per share in 2018 were RMB 78.03 (US$11.35).

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Tarsus’ revenues up 46% in 2018

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London, 27th February: Earlier this week, London-based Tarsus Group announced its year-end results for 2018. The group reported revenues of £100 million (US$127 million) – up 46% compared with 2016. In 2018, the company recorded 45% growth of adjusted profit before tax compared with 2016, reaching £28 million (US$35 million). The number of buyers attending Tarsus’ shows during the year increased 10% on a like-for-like basis.

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Made-in-China’s revenues and profits fall in 2018

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Nanjing, 1st February: Last week, Focus Technology, the holding company of Made-in-China.com, reported its financial results for the year ended 31st December 2018. Total revenues were US$127 million in the year, which represents a year-on-year decrease of 28%. Net profit for the year recorded a decline of 23% down to US$8.2 million. The diluted earnings per share in 2018 were RMB 0.24 (US$0.035).

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