Hong Kong-based destination and event management company Pacific World has announced it will stop all meetings and events operations as of November 2020.
The parent company of Pacific World, TUI Destination Experiences said the decision was made as a result of the negative impact Covid-19 is having on the travel and tourism industry.
“TUI Destination Experiences will stop operating the meetings, incentives, conferences and events (MICE) business under the Pacific World brand in November 2020,” a statement released by TUI said.
“This change impacts Pacific World globally.”
The DMC will close in November with a 40-year legacy and millions of events to its name. Pacific World was started by Jacques Arnoux and Bob Guy in 1980 in Hong Kong. They later sold the business to First Choice in 2006 which then became part of TUI Travel plc.
Pacific World is one of three brands that are part of the TUI Group under its Destination Experiences Division: Intercruises which harnesses the cruise business, and Musement – an online provider for tours and activities
The TUI statement also detailed the unprecedented disruptions in the travel and tourism industry caused by Covid-19.
“As a result, TUI Destination Experiences, parent division of Pacific World is moving to a digitalisation strategy and decided to stop participating in the Meetings and Events market,” it said.
The statement noted that the Pacific World brand had delivered over 40,000 event experiences in the past 10 years in over 100 destinations around the world.
Finishing on a cheerier note, the statement concluded: “We believe the industry will recover in the future, and our passion and legacy of innovation will create future solutions for our customers.”
AMI editor James
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