High staff turnover holds back MICE industry

2014-3-26

From：Macau Business

Staff turnover in meetings and exhibitions companies can reach up to 90 percent a year, our sister publication Business Daily reports.

Research commissioned by the Macau Convention and Exhibition Association found that the meetings, incentives, conventions and exhibitions (MICE) industry contributed 1 percent of the city’s gross domestic product in 2012.

Macau Management Association researchers surveyed 75 MICE enterprises in October and November.

Two-thirds said staff turnover had been more than 20 percent in the preceding 12 months. One had a turnover rate of almost 90 percent.

The study found that the MICE industry was worth MOP3.53 billion (US$441.3 million) in 2012.

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