Current Business Tourism References. Case study: Hotel Novotel Bucharest

Manuela Liliana MureÅŸan () and Raluca Georgiana Stoian ()
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Manuela Liliana MureÅŸan: Bucharest University of Economic Studies, Romania
Raluca Georgiana Stoian: Bucharest University of Economic Studies, Romania

CACTUS - The Tourism Journal for Research, Education, Culture and Soul, 2018, vol. 17, issue 1

Abstract: Business tourism has proven to be an important part of the hospitality industry in terms of both travel volumes and generated revenue. This type of activity, far from being a novelty, has expanded and seems destined to continue to grow at a higher rate every year. Growth is particularly marked by international events that bring important financial gains to host cities, generated not only by these activities, but also by the multiplier effect of all tourism activities. The motivation for the chosen theme results from the fact that in the hospitality industry, business tourism is a segment in which a variety of events can be organized, such as: local, regional and national conferences and meetings - organized by associations and corporations, congresses and conventions, international courses, trainings and induction courses, fairs, exhibitions, product launches, motivation tourism, exchanges addressed to students and teachers, travel of government employees, etc., with major economic impact both at national and international level for the development of society. The evolution of business tourism in Bucharest provides a strengthening of business relations, investments, more efficient use of hotel structures and obvious increases in revenues. The starting point of this research is represented by an analysis of the current context of the evolution of business tourism and the identification of its potential at the level of the Capital of Romania. Our analysis shows that there is a correlation between the hotel sector specific to events organizing services and the development of the business tourism segment. The case study on the Novotel Hotel in Bucharest brings to light the following striking themes in the field of tourism: the organization of business events as an engine for economic growth and the attraction of new tourists, as well as the impact of events in the MICE industry on the reduction of seasonality in the Capital. Research based solely on the processing of secondary data does not present issues related to the subjectivity of tourists nor does it present the point of view of the providers. Thus, the analysis of the events organized at the Novotel Hotel in Bucharest during the period 2012-2016 reflects that the business tourism is specific to the area of events, conferences, business meetings, etc., and may have an effect in reducing the seasonality in Bucharest, but also in increasing the economic profit for the hotel industry.

Keywords: Business travel; MICE industry events; seasonality; profit (search for similar items in EconPapers)
JEL-codes: M2 P0 Z31 (search for similar items in EconPapers)
Date: 2018
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