Frankfurt
Germany
GOVERNMENTAL DESTINATION
General information
Frankfurt, located in the heart of Germany, is one of Europes leading financial hubs and a central node for international diplomacy and economic activity. Known for its impressive skyline, Frankfurt is home to the European Central Bank and plays a pivotal role in shaping economic policy across the continent. The city seamlessly blends its rich history with modernity, making it an ideal destination for governmental and institutional events. With world-class infrastructure and a global outlook, Frankfurt regularly hosts high-level conferences and meetings that influence decisions on a global scale.
Testimonials
Christine Lagarde, President of the European Central Bank: 'Frankfurt is at the heart of European finance and plays a crucial role in global economic stability.' (Source: ECB Forum, 2020). Wolfgang Schauble, former German Minister of Finance: 'Frankfurt is not just a financial center, but a place where vital global economic decisions are made.' (Source: G20 Finance Ministers Meeting, 2017). Antonio Guterres, Secretary-General of the United Nations: 'Frankfurt embodies the spirit of global cooperation, hosting key discussions that shape our future.' (Source: UNHCR Frankfurt, 2019).
Importance of the GITT sector
Frankfurt is a major player in the global economy and a key venue for international diplomacy. Its importance as a financial center, combined with its advanced infrastructure and strategic location, makes it a preferred destination for hosting governmental and institutional events that impact global economic and political landscapes.
Diplomacy and institutions
Frankfurt is home to 101 consulates and several international organizations, underscoring its role as a vital hub in European diplomacy. The city hosts the European Central Bank, one of the most influential financial institutions in the world, as well as the Frankfurt Office of the United Nations High Commissioner for Refugees (UNHCR), which plays a critical role in addressing humanitarian issues across Europe.
Rail and conections
Frankfurt is a key railway hub in Europe, with Frankfurt Central Station (Frankfurt Hauptbahnhof) providing high-speed connections to other major cities across the continent. The citys internal transport system is highly efficient, featuring an extensive network of metro (U-Bahn), suburban trains (S-Bahn), buses, and trams, which facilitates smooth and secure transportation for official delegations.
Airports
Frankfurt Airport (FRA), located approximately 12 km southwest of the city center, is one of the busiest airports in Europe, handling both commercial and private flights. The airport offers modern facilities, including VIP lounges and specialized security services, ensuring the highest level of comfort and privacy for governmental delegations.
Venues
Frankfurt offers several premier venues for hosting high-level events, including the Frankfurt Messe, one of the largest trade fair venues in the world, and the historic Palais Thurn und Taxis. These venues are equipped with state-of-the-art technology and stringent security measures, making them ideal for large-scale governmental and institutional gatherings.
Economic, social and cultural impact of the sector on the destination
Governmental and institutional events in Frankfurt account for approximately 15% of the total spending in the citys service sector, according to data from the City of Frankfurt. These events generate substantial revenue for the hotel, restaurant, and transportation industries, and reinforce Frankfurts status as a global hub for finance, diplomacy, and cultural exchange.
Governmental events
Frankfurt has hosted several significant governmental and institutional events, including the European Central Bank Forum, held annually, and the G20 Finance Ministers and Central Bank Governors Meeting in 2017, which gathered key global economic leaders.
Sustenability and RSC
Frankfurt is committed to sustainability in hosting events. The city has implemented extensive renewable energy policies in its main venues and promotes the reduction of carbon footprints through the use of public transportation and other environmentally-friendly practices during major events.