Macao Is Spending More Subsidies To Boost MICE Industry

Since the revenues from gaming industry has sharply decreased by 35% in the past year, Macao government decided to focus more on its hospitality and meetings infrastructure and offer packages for mega large groups. More than 182,000 sqm of meeting space and over 32,000 hotel rooms are available in Macao at present stage. There are more international hotels to be built in the city namely The Parisian Macao, Wynn Palace, MGM Cotal and additional 50,000 rooms will be provided in the next few years.

Macao Trade & Investment Promotion Institute (IPIM) became the principal connection in November last year to consolidate its government agencies’ support to meetings and events organisers and it would therefore organize a series of support programs to stimulate its conventions and trade show business. Local associations will be assisted by IPIM to bid for international conferences.

“This year, Macao is set to host the 11th Worldwide Chinese Life Insurance Congress 2016 and International Dragon Awards. The SAR will welcome some 6,000 members of the world wide Chinese insurance and financial industry for a well-known awards ceremony to be held on August 14 – 16, 2016 at The Venetian Macao. This event will see delegates from 17 countries gather for meetings, networking events, award ceremonies and sightseeing tours across Macao. In 2017, Macao will host the Asia Pacific Dental Congress, a unique achievement considering that the 2016 edition will be held in Hong Kong. ” said Irene Lau the Executive Director of IPIM.

A minimum of 100 pax in 2-day meetings plus 0.5 day corporate activity will be covered by the subvention programs newly launched by IPIM. Incentives including the cost of accommodation, food and beverage, keynote speakers’ participation as well as promotion and marketing will be also given to trade shows of more than 1,000 sqm.

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