(MVA) — Casting a wider net to attract travel investors and visitors to The Marianas, the Marianas Visitors Authority talked travel trade and CNMI tax structure at World Travel Market on Nov. 5-7, 2024, in London.
World Travel Market organizes six annual business to business events across six continents, creating opportunities for travel industry professionals to network and negotiate with exhibitors and fellow participants. In addition to sharing tourism information at The Marianas promotional booth, the MVA recruited the expertise of Managing Partner David Burger of Burger Comer & Associates to entice potential investors with the tax advantages available in The Marianas.
“World Travel Market is an opportunity for us to reach beyond our traditional source markets and meet with potential partners from the entire world. We were able to share details about our destination and what makes The Marianas an ideal place to visit and do business,” said MVA Managing Director Christopher A. Concepcion. “In our B2B meetings, what we heard is that the European market is looking for new and exotic destinations. They love food, adventure, culture, history — and The Marianas offers all of that and more. We took advantage of the opportunity to share about our favorable tax structure and incentives like our qualifying tax certificate program administered by the Commonwealth Economic Development Authority, which are both great advantages to doing business in The Marianas.”
MVA also held individual meetings with travel agencies, tour operators, airlines, television programs, key opinion leaders and social media influencers during the event. Participation in World Travel Market was fully funded by a federal grant administered by the Northern Marianas Housing Corporation.
More than 4,040 global exhibitors from 184 countries and 46,316 individuals attended the event, with over 34,000 pre-scheduled meetings held.