Economic Impact of Tourism and Events

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What does the direct economic impact refer to?

Impact of foreign investments on the economy

Repeat or multiply economic activities

Money generated from local trade and industry

Money brought in by tourists or event attendees (correct)

Which of the following best describes the concept of inward investment?

Money spent on organizing events

Money circulating through local trade

Money generated by new economic activities

Money brought into a country from foreign sources (correct)

How do attendees contribute to the local economy at events?

By investing in the hosting city

By organizing events themselves

By spending money on local businesses (correct)

By creating new job opportunities

What is the main focus of job creation in the context of events?

Providing employment opportunities for local residents Signup and view all the answers

In what way does attendee experience impact the success of events?

By enhancing event reputation and future attendance Signup and view all the answers

What is the main focus of a VIP event?

Providing exclusive experiences to influential shareholders and customers Signup and view all the answers

Which of the following is NOT an example of a VIP event?

Public concert Signup and view all the answers

What is one of the major reasons why MICE activities are considered significant in the tourism industry?

To provide employment opportunities Signup and view all the answers

How do MICE events help destinations extend their peak season according to the text?

By offering new experiences that attract repeat visitors beyond peak days Signup and view all the answers

What role do MICE activities play in relation to attendee experience?

Increasing attendee engagement and satisfaction Signup and view all the answers

How do societal changes influence the tourism sector according to the text?

They shape the way destinations and companies need to adapt to remain competitive Signup and view all the answers

What is the main difference between a congress and a conference?

Conferences aim to exchange views and establish position papers while congresses focus on shedding light on a particular subject. Signup and view all the answers

How does a conference differ from a university's faculty conference?

Faculty conferences present faculty research findings, which is not a focus in regular conferences. Signup and view all the answers

What defines an exhibition or exposition?

Exhibitions showcase new products, services, and promotional materials for public relations. Signup and view all the answers

Which event type is more likely to involve members of an association exclusively?

Congress Signup and view all the answers

What distinguishes a conference from other types of events mentioned in the text?

Conferences aim to establish position papers. Signup and view all the answers

Why are congresses scheduled one year in advance according to the text?

To give members the opportunity to plan their contributions Signup and view all the answers