Business Booms at IBTM China 2018

October 8, 2018

IBTM China 2018 closed on a high, with over 6,600 pre-planned meetings happening during the two day-long event, which took place from 12–13 September at China National Convention Centre (CNCC) in Beijing. Over 300 exhibitors from 20 countries were joined by more than 280 Hosted Buyers and 3,400 visitors for two days of meetings, networking and educational sessions.

“We are excited to be here this year. San Francisco is a very popular destination for Chinese tourists. We received over 500,000 visitors this year and we hope to grow this number next year. We do attend some other IBTM shows around the world but it is our first time at IBTM China. This is a great opportunity for us to connect the buyers from all over the world,” said, Hubertus Funke, Executive Vice President & Chief Tourism Officer, San Francisco Travel.

“I have attended IBTM China for over 5 years, so it is a great show for me. The arrangement of the show and the organisation is done really well. I have found some great suppliers and hotels for the Chinese market which is so important, and also discovered new regions in China outside of the main hubs,” said Kin Fun Michael Chow, Corporate Development and Staff Affairs, Provident Travel Group, Hong Kong, added,

Hosted Buyers attended from corporations including AVIAGE SYSTEMS, Danone Nutricia, ALE Co., Ltd, IKEA, DBS Bank, Mary Kay China, Carrefour China, Lenovo, NTUC Income, Philips, Novo Nordisk, Ping An Bank, Infinitus China, Sanofi, World Federation of Chinese Medicine Societies, HelmsBriscoe and Provident Capital Group Inc.

Exhibitors were a high-quality mix of domestic and international companies, including Accor hotels, Business Events Canada, Melia Hotels International, Floating Island Seoul, Millennium Hotels and Resorts, Beijing Exhibition Centre, JW Marriott Hotel Beijing Central, Macao Trade and Investment Promotion Institute (IPIM), and Shanghai International Convention Center.

The market-leading Knowledge Programme was once again very popular, with nearly 500 visitors this year attending sessions exploring topics across ten key areas. These included advances in the new wave of Chinese tech innovation and its effect on the global technology scene; a study into the associations market in China and how this will contribute to the growth of the industry; how to sell incentive travel to business leaders and an insight into the latest global industry trends report.

Nicole Ci, Event Manager, IBTM China, said: “In a dynamic market such as ours, there’s always a real buzz on the event floor and this year’s event was no exception. Reports from exhibitors and Hosted Buyers were that their meetings were extremely productive, which ultimately is what makes this a must-attend event.”

“As always, there will be lots of learnings for us to takeaway and analyse to ensure that we evolve our event going forward. It’s important that we continue to deliver experiences that help our attendees make valuable new connections and access inspiring educational sessions to help them stay on the cutting edge of industry developments and deliver their own show-stopping events.”

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MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.