TICA Annual Report 2018

CONVENTION
PROMOTION FUND
(CPF) REPORT
About the CPF Founding Association
The Convention Promotion Fund (CPF) is an initiative of the members of
the Thailand Incentive and Convention Association (TICA). The association
was founded in 1984 as a joint venture between the government and the
private sector of the MICE industry (meetings, incentives, conventions,
exhibitions).
Rationale
International conventions are a high quality segment of the business
events industry with multifaceted benefits for the host destination. As
Thailand has the potential to become the regional centre of international
meeting-related events, there needs to be serious efforts made to attract
and accommodate such events. Financial assistance is required first and
foremost to enable Local Host Committees to bid and manage these
events successfully.
Objectives
• To assist and support Local Host Committees in bidding
for, and organising international meeting-related events.
• To promote marketing activities which will lead to more
international MICE events in Thailand.
• For MICE “Research and Development” and
“Human Resource Development”.
Chairperson
Suchada Yuvaboon
Co-Chairperson
Vimla Tritasavit
Secretary General
Walailak Noypayak, PhD
Treasurer
Kittikorn Nongsawat
Chairperson of the
Project and Follow Up
Sub-Committee
Opas Netraumpai
Trustees
Sumate Sudasna
Kanlayapha Panich
Boontawee Jantasuwan, CIS
Kamolnuch Bhiromsawad
Patom S’prayoon
Eligibility
The fund is granted to professional associations, non-profit societies
or groups of people who wish to host international meeting events in
Thailand of 200 attendees or more. The event itself must require less
than six months of preparation and have the support of a governmental
and/or public organisation.
Guideline of the Loan
The loan is granted for bidding efforts and preparation expenses. A
maximum amount of THB 1 million in total may be granted to use towards
the two purposes. The loan may be drawn in smaller amounts at a time
according to when the expenses are required.
Expenses that will be considered are as follows:
Bidding:
Publicity & Promotion–printing or production of invitation, announcements,
posters and/or other promotional materials. The costs of travel to present
the bid to committee members and/or audio-visual technicians. Additional
costs such as meeting room rental, equipment, food and beverage, and
entertainment at the venue of bidding.
Preparation:
Marketing & Promotion–printing of announcements, advertisements and/
or other promotional materials. Establishment and maintenance of a website
and other related matters. Administration costs covering office rental,
equipment rental and/or purchase, staff hire, deposits required by suppliers,
and so forth.
CPF Financial Statement
Year End Balance
2010 THB 20,264,134.29
2011 THB 20,771,513.72
2012 THB 20,329,121.75
2013 THB 20,240,919.63
2014 THB 18,817,048.20
2015 THB 18,779,855.01
2016 THB 18,542,770.29
2017 THB 18,579,514.34
2018 THB 18,643,305.62
10 thailand incentive & convention association (tica)
TICA ANNUAL REPORT 2018 11