Daily news, 11 Jul 2008: SINGAPORE - The meetings industry in Asia is going from strength to strength, buoyed by the robust economies in the region. The pace of development is faster than in other parts of the world.
“It is the meeting business that is growing faster in Asia than anywhere else. But the aggregate economic statistics are not collective because most countries don’t measure it. In terms of infrastructure development, the pace of development is fast in the Middle East. But Asia has a much bigger base previously,” said Paul Kennedy MBE, group exhibition director, Meetings & Incentives Events, Reed Travel Exhibitions.
The evolution of the meetings business in Asia is leading to more supply to feed growing demand. Kennedy asserted that it is perhaps the only region in the world to be seeing that characteristic on both sides of demand and supply.
The evolution of meetings in Asia