ConventionSouth

OCT 2017

ConventionSouth magazine is the leading resource for meeting planners who book all types of events, conventions, conferences and group travel in the south.

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⎜ ConventionSouth ⎜ O C T O B E R 2 0 1 7 w w w . c o n v e n t i o n s o u t h . c o m 6 headlines, trends & ideas Statistics released in early September by the U.S. Bureau of Economic Analysis (BEA) show that spending on travel and tourism grew at an annual rate of 4.9 percent during the second quarter of 2017, following a 4.4 percent increase during the first quarter of the year. Additionally, real gross domestic product (GDP) increased by 3 percent during the second quarter, after increasing by 1.2 percent during the first quarter of 2017. Passenger air transportation, which grew by 19.2 percent in the second quarter, was the leading contributor to increased travel spending in the second quarter, while spending on traveler accommodations showed the greatest growth in the first quarter (8 percent). The BEA report points out that prices for travel and tourism goods and services dropped by 3.2 percent in the second quar- ter after growing by 2.6 percent in the first quarter. This reflected lower prices during the second quarter for passenger air transpor- tation, all other transportation-related com- modities, and recreation and entertainment. Employment in the tourism and travel industries increased by just 1.6 percent during the second quarter after increasing by 2.4 percent in the first quarter. The greatest drop was in the travel accommodations sec- tor, which added 6,300 employees in the first quarter but added only 500 employees in the second quarter. Overall, U.S. employment also increased at a slower pace (1.3 percent) during the second quarter as compared to the first quarter (1.5 percent). In total, according to the report, 7.9 mil- lion jobs were related to travel and tourism in the second quarter. For more information, visit bea.gov. n Travel and Tourism Spending Rose In Second Quarter On May 25, 2018, new rules related to data privacy, issued by the European Union (EU), will go into effect, impacting all meetings and events that include participants from the EU. The new EU General Data Protection Regulation (GDPR) replaces a 1995 directive and was designed to make data privacy laws consistent across Europe. According to eugdpr.org, which provides information and guid- ance on the law, one of the biggest changes to the regulations regarding data privacy is that it now pertains to all companies that process the per- sonal data of people who reside in the EU, regardless of the location of the company. For businesses and organizations that plan and produce meetings, the relevant data that will be affected includes information about frequent flyer accounts and hotel stays, age, food preferences and health issues. Potential exposure to penalties can arise depending on how long data is kept and whether it is used for marketing purposes or to plan for future events. Under the new regulation, personal data is considered to be any in- formation that can be used to directly or indirectly identify a person, including a name, a photo, an email address, bank details, posts on social networking websites, medical information or a computer IP address. Additionally, the conditions for consent of the use of this data have been strengthened. According to eugdpr.org, companies will no longer be able to use "long illegible terms and conditions full of legalese, as the request for consent must be given in an intelligible and easily accessible form, with the purpose for data processing attached to that consent; meaning it must be unambiguous." The new law also states that parental consent will be required to process the personal data of children under the age of 16 for online services. Penalties for organizations in breach of GDPR are fines of up to 4 percent of annual corporate revenues or 20 million Euros, whichever is greater. For more information, visit eugdpr.org. n New Data Protection Rules Will Impact All Events Attended By Europeans

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