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Study of various fascence and banqueting management companies

   

Added on  2021-02-20

9 Pages2106 Words280 Views
CONFERENCE AND BANQUETINGMANAGEMENT

INTRODUCTIONBanquets are events in which a sponsor pays an establishment to provide food andbeverage services, usually on site. They can be good business if they meet quality requirementsand do not overtax resources (Seyitoglu, 2017).. Catering company “Service on a plate” is beingtaken into consideration for this report.It provide excellent catering services to the local peopleof the U.K. Study discusses various factors that are affecting development of business andgrowth of industry. It also focuses on to understand food production systems, styles and services.TASK 11.1 Market size and scope of banqueting and conference sectorConference and banqueting industry of UK is generating huge revenues and contributingwell in economic development of nation. London is most amazing place where manyinternational conferences organised by UK government. Apart from this many sport events areorganised in the country. All these things boost tourism of the nation and help in increasingforeign reserves in the region (McGuire, Polla and Heidl, 2017). Conference business pays moreattention on business meetings whereas banqueting business emphases more on enjoyments. Inthe year 2018 this sector has generated 18.8 billion revenues. UK is the country where around6650 venues are available for conferences (An Introduction To The UK Event Industry InNumbers, 2019). This industry has wide scope of growing as advancement of industrialisation isgiving opportunities to these firm and popularity and demand of this sector is increasing day byday.Many conferences are scheduled in the UK; small events have participants around 500 orbelow whereas in medium size events around 600-1000 participants take part. On other hand inlarge or international conferences more than 3000-4000 people take part. (Seyitoglu, 2017).Ithas provided more than 570000 job opportunities to UK population. Most leading eventcompanies have turnover of 3.5 billion. It is the nation where 1.3 million business events areorganised every year and many outsider travellers come to this location to attend these eventsand business meetings. UK is the country whereas in the year 2018 around 7000 major outdoor events werescheduled, this thing has helped associated companies in generating more profit and raising salesof business units. Every year many musical concerts and events held in UK and more than 10.4million travellers come in the region to attend this event. Their spending is around 2.3 billion.

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