Singapore to Host More MICE Events

March 19, 2019

According to Singapore Tourism Board (STB), tourism receipts from the business travel and MICE sector generated S$3.4 billion (US$2.5 billion) in the first nine months of 2018, which represents growth of 10% year-on-year. Visitor arrivals in the same period increased 14%, reaching two million.

Singapore will host a number of sizeable business events in 2019 and beyond. Some of the events secured were new to Singapore. Professional services, technology and food & beverage sectors are expected to record growth in the coming two years. It is estimated the professional services and technology sectors will attract 10,500 and 6,000 delegates, respectively in 2019. The F&B sector will also have high-profile events held in Singapore. Food&HotelAsia (FHA), a leading F&B trade show in Singapore, will split into two events – FHA-HoReCa and FHA-F&B – in 2020 and overall, is expected to attract more delegates.

Key inaugural meetings scheduled to be held in Singapore include: the Kaspersky Security Analyst Summit 2019, the Baker Tilly International Global Tax Conference 2019 & Baker Tilly International World Conference 2019, as well as Oracle OpenWorld Asia 2019.

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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.