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Δευτέρα 28 Οκτωβρίου 2024

World Travel Market London 2024 Set to Boost London’s Stage with £2.2 Billion in Deals and Record-Breaking Networking Opportunities

 

The World Travel Market (WTM) London, regarded as one of the foremost global travel and tourism events, is set to generate around £200 million for the London economy in early November. Scheduled from November 5th to 7th at ExCeL London, the 44th edition expects over 40,000 travel industry professionals to participate.

This year, WTM London anticipates a record-breaking number of exhibitors, with a 7% increase from previous years. More than 4,000 exhibitors—including tourism boards, hotel brands, transportation providers, tech companies, associations, and experience-based ventures—will gather at ExCeL for three days of networking and business opportunities. It’s projected that the event will facilitate business deals worth over £2.2 billion.

Data from VisitBritain reveals that international trade show attendees in the UK typically spend an average of £352 per day, which translates to an estimated visitor spend of £71.2 million for this event. Deloitte’s recent analysis further indicates that each £1,000 spent generates an additional £1,800 in direct tourism value, culminating in a substantial £200 million boost from WTM London to the local economy.

Approximately 82% of WTM attendees are international guests, contributing to London’s transport, lodging, and leisure sectors. While 40% of these visitors plan a three-day stay, about 33% will spend at least a week in the city, with 9% extending their visit to nine days or more, further enhancing their economic impact on London.

Juliette Losardo, Exhibitor Director, WTM London, comments: “While the travel trade are busy curating that £2.2billion worth of travel and tourism deals during World Travel Market, we’re proud that WTM also has such a significant impact on our host city of London. The range of accommodation, world-class dining and wealth of attractions the city has to offer, are a real draw for our attendees, many of whom use WTM London as an opportunity to tag on leisure days and, in doing so, boost spend for the economy.”

Tags: Juliette Losardo,  WTM London