ITE Travel Exhibitions announced the launch of a new annual event Moscow Incentives and Business Travel Forum (MIBTF) to take place on the 26th March 2004 at the Ararat Park Hyatt, Moscow. Organised in conjunction with BTAA (British Travel Agencies Association), this exclusive one day event is aimed at suppliers, travel agents, tour operators and corporate buyers with an interest in growing their share in the business and incentive travel industry in Russia and CIS.

MIBTF has evolved out of an increasing demand from MITT (Moscow International Travel and Tourism Exhibition) participants for a forum dedicated to the business meetings and incentives industry. MIBTF is the only specialised business travel event to be held in Moscow, and will form part of the week long activity of events surrounding MITT 2004.

MIBTF will allow business and incentive travel specialists the unique opportunity to discuss the development of the business travel industry in the Russia and CIS and offers continuing education on the changing needs of the market. Additionally, a comprehensive programme of seminars will be available for those attending the forum.

The travel industry in Russia and CIS continues to show dynamic growth with new trends emerging, including the rapid development in the business and incentive market. 50-60% of the business travel market produces a yearly turnover of an estimated $6million per company alone.

ITE Travel Exhibitions sees the new launch as a significant initiative in the development of the industry. Stanislava Blagoeva-Duschell, Operations Director - ITE Group Plc, states, `The launch of MIBTF has received phenomenal response. We are confident that MIBTF will offer a most productive and informative business travel forum for industry specialists.`