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The changing role of convention bureaus: An analysis of business models currently adopted by privately owned CBS

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  • Aureli, Selena
  • Del Baldo, Mara

Abstract

This study aims to describe how Italian Convention Bureau (CB) organisations faced the uncertainty about their future existence and role caused by government funding cuts and increased pressure from stakeholders to demonstrate market effectiveness and organisational efficiency. Firstly, it uses the business model concept to describe actors, activities and value creation processes of today’s CBs that largely rely on private funds. Secondly, it investigates the degree of concern of CB’s Board on measuring and monitoring the value created for the stakeholders that provide financial resources. Selected case studies relative to Italian CBs are analysed through in-depth interviews and document analysis. Findings point out that the profit model of the investigated CBs strongly relies on fees from partners and members or revenues from the sale of services to local operators. This implies that CBs make efforts to monitor the value created for these specific groups of stakeholders while less attention is given to the measurement of customers’ (i.e. event planners) satisfaction and impact of CB’s activities on the quality of life of local communities.

Suggested Citation

  • Aureli, Selena & Del Baldo, Mara, 2019. "The changing role of convention bureaus: An analysis of business models currently adopted by privately owned CBS," MPRA Paper 93996, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:93996
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    References listed on IDEAS

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    Cited by:

    1. Fornasari, Tommaso, 2020. "Il ruolo dei comitati di responsabilità sociale nella corporate governance [The Role of CSR Committees in Corporate Governance]," MPRA Paper 111192, University Library of Munich, Germany.

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    More about this item

    Keywords

    destination; DMO; accountability; stakeholder; governance; network;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • L99 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Other
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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