logo

Analysis of Conference and Banqueting Sector in UK

11 Pages3340 Words47 Views
   

Added on  2020-02-12

About This Document

CONFERENCE AND BANQUETING INTRODUCTION 1 TASK A1 a) Size and scope of conference and banqueting sector in UK1 b) Analysing the factors which influence the development of conference and banqueting sector4 CONCLUSION 7 REFERENCES 8 INTRODUCTION Conferencing and Banqueting is a part of hospitality industry. The Present report is based on nature of conference and banqueting sector and it also identifies the factors which influence strategic operational activities and along with it resolves the strategic issues

Analysis of Conference and Banqueting Sector in UK

   Added on 2020-02-12

ShareRelated Documents
CONFERENCE ANDBANQUETING
Analysis of Conference and Banqueting Sector in UK_1
Table of ContentsINTRODUCTION ..........................................................................................................................1TASK A...........................................................................................................................................1a) Size and scope of conference and banqueting sector in UK...................................................1b) Analysing the factors which influence the development of conference and banquetingsector...........................................................................................................................................4CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
Analysis of Conference and Banqueting Sector in UK_2
INTRODUCTION Conferencing and Banqueting is a part of hospitality industry. It offers different kind ofservices like seminars, meetings for business purpose and also provides services. The Presentreport is based on nature of conference and banqueting sector and it also identifies the factorswhich influence strategic operational activities and along with it resolves the strategic issues byeffectively managing the banqueting sector (UK Event Industry Facts & Stats, 2017). Conferenceand Banqueting sector takes responsibility for managing and organizing all the activities byusing strategic tools and techniques.TASK Aa) Size and scope of conference and banqueting sector in UK United Kingdom is one of the largest economically developed countries so it hasefficient power to organize world largest conferences. It is one of the largest growing sectors inUK (UK Event Industry Facts & Stats, 2017). Conference industry offers meetings orconferences space along with the seminars. In UK, conference and banqueting sector has more than 6650 venues which are majorlydone in the famous hotels such as Hilton, Marriott and various other such sector. In terms ofconference it is estimated that there are 9 billion meeting rooms available across UK. More than1.3m business meeting held very year and over 85m event attendees are there to attend thosemeetings. UK top 10 such agencies have turnover of around £3.5bn and the average budget isover £65953 in the year 2015. London comes at the first place terms of this sector. This industryprovides employment to more than 570000 people and involves various other sectors also. Size of the conference and banqueting varies from large, medium and low according tothe requirements. The size can be justified according to the number of guests and number ofmeetings is organized at a same time. The basic concept of this industry is to maintain high rangeof relationship with the restaurant, bar and other related industry. Conference and Banquetingindustry covers the accommodation, meals and drinks venues outside of the home. Theseservices are provided both in UK and overseas visitors. (Guerrier, 2013). Economic contribution of the UK hospitality 1
Analysis of Conference and Banqueting Sector in UK_3
Scope of conference and banqueting sector is that to get benefits from sources of earningand also provide employment opportunities and financial growth. Conference and Banquetingindustry provides various variety of events like meetings, incentives, conference and exhibitionis a type of tourism. Conferences are conduct for the purpose of consultation and sharing ofinformation among the members it may be for the purpose of launching a new product andcommunicate its news to employees and makes some public announcements. In UK, there aremore than 12500 conference and banqueting managers are employed because this industry havehighest growth rate and economically more powerful (Madar, 2014) The conference andbanqueting department are part of hotels and extensive facilities are provided by the resort andbusiness properties. UK is the strong competitor in conference and banqueting industry incomparison to other countries. The British Association of conference Destinations definebusiness travel by tourist for the purpose of attending meetings, exhibition, trade fair and otherpurposes that spent much amount of money as compare to general traveller or tourist. Generaltourists visit famous places with their friends and relatives. The market competitors are variesaccording to the time. The cities and towns of UK are more competitive for making profitthrough the conference business. Conventions are corporate in nature. Venue is selectedaccording to the purpose of conference which can be college and university campus. More than£18.8 billion are yearly spend over this sector. Events which are involved in this sector arepersonal, local, commercial, fairs and festivals, public, civic, special, expositions, sporting,global and hallmark. Various examples of the industry are weddings, birthdays, wedding,anniversaries, community nights, drams, business conference, trade shows, book and villagefairs, concerts, carnivals, special day celebration, cultural performance, trade expo, boat show,sports events, national and international games. This business sector is generally referred asMICE. The industry is contributing for more than £39.1bn to GDP. Further, it is supporting inthe employment and taxation of the country. Conferences are of different types such as Academic conferences, Training conferencesand professional conferences which is the growth motive purpose. UK is the strong competitorcompany in order to achieve economic growth and other aspects of development because 74% ofconferences are held by UK over the globe. Conference and banqueting industry attracts moreand more investors to invest in this industry which contribute majorly in the country’s economy.There are large number of industries it provides competitive advantage for the growth of an2
Analysis of Conference and Banqueting Sector in UK_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Conferencing and Banqueting Management Assignment
|9
|1730
|51

Conference And Banqueting Management - C&B industry Assignment
|8
|2010
|251

Conference and Banqueting Management
|9
|2320
|76

Conference and Banqueting Management | Assignment Sample
|9
|2338
|45

Conference and Banquet Management PDF
|10
|2506
|134

Conference and Banqueting Management Doc
|12
|3170
|160