CONVENTION INDUSTRY AND ITS EFFECT ON HOTELS
LEE LEE CHEN
LEE LEE CHEN
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Abstract
Since its inception in 1971, the convention
industry in Singapore has been growing steadily.
The recent economic downturn does not seem to
affect the industry as it records a fourteen
percent growth in 1985, as compared to the negative
growth rate of the economy for the same period.
At this turning point of the Singapore's economy
where major structural changes are expected, one
would ask if the growth of conventions will
continue. It is thus appropriate to look at the
industry and assess its performance as well as its
future directions.
The hotel industry is closely related to
conventions. As hotels provide most, if not all,
of the needs of conventions, a majority of the
meetings are held there. However, conventions only
constitute a supplementary function of the hotel.
Over the years, there has been an increasing number
of hotels providing convention facilities. The
capacity of the facilities are also getting bigger.
Further , more sophisicated and more comprehensive
range of technical equipments are being installed
in hotels.
The study seeks to look into the two industries
more closely and determine how they influence and
affect one another.
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Date
1987
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