Economic Impact of Tourism and Events

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17 Questions

What does the direct economic impact refer to?

Money brought in by tourists or event attendees

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

Money brought into a country from foreign sources

How do attendees contribute to the local economy at events?

By spending money on local businesses

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

Providing employment opportunities for local residents

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

By enhancing event reputation and future attendance

What is the main focus of a VIP event?

Providing exclusive experiences to influential shareholders and customers

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

Public concert

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

To provide employment opportunities

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

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

Increasing attendee engagement and satisfaction

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

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.

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.

What defines an exhibition or exposition?

Exhibitions showcase new products, services, and promotional materials for public relations.

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

Congress

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

Conferences aim to establish position papers.

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

To give members the opportunity to plan their contributions

Explore the concept of economic impact in relation to new money brought in by tourists or event attendees, which is then circulated through local trade and industry. Understand how economic activities can have a ripple effect on the economy. References: Fenich, G. (2015) and McCabe, K. (2018).

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