Business Tourism Assignment Example | Topics and Well Written Essays - 2000 words

Business Tourism - Assignment Example This is a sector that has been found to be substantial, both in terms of profitability and long-term economic growth. The report will detail the effect on the economy of the preparations for the 2012 Olympic Games. The planning that is required to assist in the smooth operation of the Games is considered in detail as are the specific tactical objectives needed in order to realise an effective timetable for project management. The report looks firstly at the value to Britain of Business Tourism, given the history and future potential of this sector. There will be emphasis on the economic contributions of various tourism sectors on the British economy as well as detailed statistical data from various government ministries. The information and quantitative data for the report has been compiled with the use of detailed research obtained from various notable authorities including Michael Hirst (Chairman of Business Tourism Partnership); online travel publications (Incentive Travel; Visit London; Visit Britain); The Secretary of State, the honourable James Purnell; the UK Skills Passport Initiative; Review of the Impact of the London 2012 Olympic and Paralympic Games on the South East Region through their Web Site Seeda and Ian Whiteling of Oxford University Quoting Michael Hirst - the Chairman of Business Tourism Partnership: "Business tour... o exceed 100 billion a year." The Press Release of 20 November 2006 further highlighted that, "Over the past 10 years there has been a growth of 53% in all business trips exceeding the overall tourism growth rate. Over 8 million visits are made to the UK each year for business purposes, contributing some 4 billion to the British economy. The sector generates 28% of all overseas visitors and 29% of inbound tourism earnings. British tourism opportunities create high quality, year-round employment for some 530 000 jobs, directly and indirectly." (Business Tourism Partnership.BusinessTourismpartnership) 2.2 Factors to consider The key to creating a sustainable and profitable business tourism market as the major beneficiary of the 2012 Olympic Games is dependent on several factors namely: The conference, sporting and leisure facilities available for delegates and business tourists alike; the hospitality sector and the quality of its personnel; the public safety; transport and telecommunications networks and of course the ability to provide high quality service through hospitality, tourism and communications networks. London as the centrepiece for the 2012 Olympics has a myriad of arts and cultural interest venues. The metropolis is renowned not only as one of the fashion capitals of the world, but also as a major economic powerhouse. As such, the city's infrastructure is highly developed along with its transport, communications and hospitality establishments. The business tourist, as an individual with a discerning taste and a larger budget, is more likely to partake in the accoutrements of London's noted fanfare. These include dining out; theatre; merchandise; sporting events and of course luxury accommodation. The peripheral expenses include car-hires; taxis and