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Dynamics And Efficiency Of Events Tourism, Factors In Global Economic Growth

Author

Listed:
  • Raluca Georgiana Stoian

    (Doctoral School of Business Administration, Bucharest University of Economic Studies, Bucharest)

  • Manuela Liliana Muresan

    (Doctoral School of Business Administration, Bucharest University of Economic Studies, Bucharest)

Abstract

Meetings, Incentives, Conventions, and Exhibitions (MICE) is an elite segment of tourism linked to business tourism. It has become dynamic worldwide in recent years. The efficiency of tourism events emerges with the connection between the corporate world and world travel organizations. This connection is a dynamic link that is profitable for all parties involved. Currently, about 40% of the activity and profit is due to worldwide business travel and the event industry. This paper aims to highlight the efficient role of tourism events through the dynamic “Convention Bureau”, at both the international and Romanian level, in terms of global economic growth. We found from the study of this activity sector that one of the important directions of innovation and raising the competitiveness of the tourist offer of any country is given the additional service diversification by stimulating tourism dynamics of events. The advantages and benefits that may be mentioned in business events tourism are revenues from services such as accommodation, facilities conference, catering, leisure, transport and entertainment. These revenues are stimulating the growth of the world economy.

Suggested Citation

  • Raluca Georgiana Stoian & Manuela Liliana Muresan, 2016. "Dynamics And Efficiency Of Events Tourism, Factors In Global Economic Growth," CBU International Conference Proceedings, ISE Research Institute, vol. 4(0), pages 073-078, September.
    • Handle: RePEc:aad:iseicj:v:4:y:2016:i:0:p:073-078
    DOI: 10.12955/cbup.v4.745
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    Cited by:

    1. Endalkachew Teshome & Gebreyes Aberaw & Debrework Tesgera & Firdyiwok Abebe, 2023. "The untold tourism potentials of Bela Mountain, for community-based-ecotourism development, ecosystem conservation and livelihood improvement, Waghimera Zone, Ethiopia," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(5), pages 3923-3944, May.
    2. Bing Xia & Suocheng Dong & Duoxun Ba & Yu Li & Fujia Li & Haimeng Liu & Zehong Li & Minyan Zhao, 2018. "Research on the Spatial Differentiation and Driving Factors of Tourism Enterprises’ Efficiency: Chinese Scenic Spots, Travel Agencies, and Hotels," Sustainability, MDPI, vol. 10(4), pages 1-22, March.

    More about this item

    Keywords

    tourism eventsassociations; Convention Bureau; economic growth;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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