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News| Exhibition World 6| April 2010| The new law aims to reverse the downward slide of global travel to the States. In 2009, the country drew 2.4 million fewer visitors from overseas than in 2000, a hit to the US economy of roughly $ 509bn in total spending, and $ 32bn in direct tax receipts, according to the US Travel Association, which lobbied for passage of the legislation. World - Reed Exhibitions, a subdivision of Reed Elsevier, posted a 21 per cent revenue loss in 2009, and a loss of 28 per cent in adjusted operating profit. The company blames less promotional spending, slow sales of exhibition space and fewer paying delegates. USA- Barack Obama has signed a bill into law meant to boost international business and leisure travel to the United States. The Travel Promotion Act calls for creating an 11- member board to develop and implement a global marketing campaign and educate international travellers about the visa application process. Unlike many other nations, the US has never had a national travel promotion board. World - Publishing, exhibition and conference group Informa says bookings for its large events are improving despite a drop in exhibition and training revenues of over a quarter on the previous year. The group's full year results for 2009 showed that the recent cost- cutting programme had, according to chairman Derek Mapp, put the company " in a stronger position than a year ago". Informa, which pulled out of a bid to buy debt- laden German rival Springer Science last year, said it was no longer looking for large acquisitions. Despite this, chief executive Peter Rigby has not ruled out the possibility of making " some strategic or bolt-on acquisitions". Total revenue for the year ended 31 December 2009 was £ 1.22bn, down four per cent on 2008. The company reported adjusted operating profits up one per cent at £ 309.5m. Events and training organic revenues slid most of all, down 27 per cent. Hong Kong - A report from the Hong Kong Exhibition and Convention Industry Association ( HKECIA) has revealed that the local exhibition industry played a key part in Hong Kong's survival in the recession. The biennial survey, titled the Economic Impact Study Report 2008 and conducted by professional services firm KPMG Transaction Advisory Services, showed the local exhibition industry contributed Trade fairs help boost Hong Kong economy HK$ 30bn ( US$ 3.8bn) to the economy and generated employment for 61,000 full time employees. It also raised close to HK$ 1bn in taxes. " The industry's contribution to the economy in 2008 increased by 14 per cent compared to 2006. This was a remarkable accomplishment when we consider the challenging economic climate at the time," said HKECIA chairman Stanley Chu. Singapore - Exhibition and convention centre Suntec Singapore and Resorts World Sentosa have signed an exclusive partnership that will have them share business opportunities for both venue destinations while aspiring to grow the international meetings, incentives and exhibitions business for Singapore as a whole. The exclusive agreement between Suntec and the resort will enable event planners to offer clients an opportunity to conduct their Suntec, Resorts World Sentosa team exhibitions and day meetings within Suntec Singapore, and continue with after- hours social functions at Resorts World Sentosa, the new integrated destination which includes Universal Studios Singapore, a column- free ballroom and a casino. The venues will cross- sell through joint sales calls, customised proposals and event concepts. They will target international meeting planners, who will be offered seamless transfer between the two exhibition venues. World - International booking agency Expotel has launched a Lone Traveller initiative, which it says will replace its " outdated" ' Women Aware' approach. The new, non- gender- specific programme is intended to highlight hotels' contribution to the personal safety and comfort of all of their solo guests, according to Expotel CEO Ian Burnley. THE MAGAZINE FOR THE GLOBAL EXHIBITION COMMUNITY WWW. EXHIBITION- WORLD. NET Expotel lone traveller initiative takes dual- gender approach Informa reveals bookings up, revenues down Reed sees 21% Barack Obama sets out welcome mat revenue loss