Thailand Reports Strong Performance for First Nine Months of FY 2011-2012

August 6, 2012

The Thailand Convention & Exhibition Bureau (TCEB) reported strong performance for the first nine months of fiscal year 2011-2012.

From October 2011-July 2012, the industry experienced significant growth, according to TCEB officials.

Part of that growth came from Thailand’s win of bids to host three megashows, including the AFECA AGM 2012, Inter Expo 2012 and World Stamp 2013.

The strong positive trend in the exhibition and trade show industry in the first three quarters are the result of continuous economic growth in Thailand and the country’s strong potential as the region’s hub for this business, TCEB officials said.

For the rest of the fiscal year and continuing into 2013, TCEB will focus its effort in promoting the business among the five Greater Mekong Subregion member states, including Myanmar, Lao PDR, Vietnam, Cambodia and Yunnan in the south of China.

TCEB will promote Thailand as the mainland of GMS with three strategies:

1.      Coordinating with the governments of GMS states in promoting and supporting international exhibition industry.

2.      Attracting more businesses from Yunnan to Bangkok and Chiang Mai as Yunnan is closely linked to the economic corridors of the GMS.

3.      Promote and support marketing activities for the GMS region.

TCEB expects Thailand’s MICE industry to attract approximately 750,000 visitors to the country.

This is expected to generate as high as Baht 60,120 million income to the industry.

Thai goods exhibitions alone are expected to attract 80,000 foreign exhibitors to the country, generating approximately Baht 8 billion to the Thai economy.

Add new comment

Partner Voices
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.