Exhibition industry declined by 12.5% says research

Twitter Facebook Google+ LinkedIn
US-based Centre for Exhibition Industry Research (CEIR) has announced the results of its Q4 2009 CEIR Index report, which indicates that the global exhibition industry declined 12.5 per cent in the past year. According to the research, 2009’s loss is four times greater than the largest previous loss of 3.1 per cent in 2008."The length, depth, and reach of this recession made resistance impossible," says CEIR president and CEO Douglas L. Ducate. "The concern today is not for what happened in 2008 and 2009, but what the outlook is for the industry over the next several years and for what organisers can do to strengthen their events."The CEIR Index metrics of measurement saw a decline in net square feet (-12.3 per cent), revenue (-13.2 per cent), professional attendance (-4.1 percent), and number of exhibiting companies (-5.8 per cent) for Q4 of 2009, however, this is less severe than in past years, says CEIR.  "Since the exhibition and events industry for the most part is a trailing indicator, it will take time and a genuine economic recovery before the industry experiences sustained growth," CEIR said in a statement. "Once a genuine economic recovery occurs, if the industry follows past patterns, the recovery will be swift. Notably, the industry's previous decline ended with the Q2 of 2003. By the end of 2004, the exhibitions and events industry performance had returned to pre-2000 levels."
Twitter Facebook Google+ LinkedIn

Related Stories

Elsewhere on EN

N200|GES partners with Gleanin on socially-driven event registration

N200|GES partners with Gleanin on socially-driven event registration

Event registration, lead retrieval and event intelligence firm N200|GES has announced a strategic partnership with social software company Gleanin.
UBM sells Ecobuild

UBM sells Ecobuild

Futurebuild Events Ltd, which has been set up by Ecobuild brand director, Martin Hurn, has acquired Ecobuild from UBM.
Industry gears up for Confex 2017 next week

Industry gears up for Confex 2017 next week

There is only one week to go until doors open at International Confex 2017!

WATCH THE EN AWARDS 2016 HIGHLIGHTS


silverstream.tv

Most read Stories

And the #ENAwards finalists are…

And the #ENAwards finalists are…

The countdown timer has run out. After weeks of companies submitting award entries and sweating over it, there is just one thing left to do before the big night: Announce the shortlist.
EN Awards People Finalists revealed

EN Awards People Finalists revealed

The first group of the highly anticipated shortlist for the EN Awards has been announced, including Best Newcomer and Best Event Director categories.
Reactions from events industry following Britain’s vote to leave EU

Reactions from events industry following Britain’s vote to leave EU

As the UK has voted to leave the European Union with a 52 per cent majority result, EN has spoken to members of the exhibition and events industry, to gauge their initial reactions on the future of the UK and their businesses.

Latest Features

When is the right time?

When is the right time?

It’s all very well having a successful show, but how do UK exhibition organisers replicate their success across the country and overseas? Three event profs share their experiences
Stand and deliver

Stand and deliver

When it comes to exhibition stands, the only limits are the exhibitor’s imagination (and floor space and budget), three stand building firms tell EN.
Treading water

Treading water

In EN’s monthly Crisis Management column, Murray Ellis, MD of British Marine Boat Shows, looks back on a 554,000-gallon pool platform structural failure at the 2004 London Boat Show.

Latest Galleries

100% Optical 2017

100% Optical 2017

More than 8,000 visitors arrived at ExCeL London on 4-6 February for the fourth edition of 100% Optical. The show featured more than 175,000 frames, catwalk performances and a comprehensive education programme.
Cumbria Flood Expo 2017

Cumbria Flood Expo 2017

The inaugural Cumbria Flood Expo, organised by flood emergency response charity CERT UK, took place on 2-3 February at Carlisle Racecourse.
Mexia Communications at 10

Mexia Communications at 10

PR and content marketing agency Mexia Communications celebrated its 10th anniversary with a Mexican Fiesta at the Royal College of Physicians on 26 January.

Latest Opinions

Good practice with data

Good practice with data

Simon Clayton, chief ideas officer at RefTech, on being open, transparent, and accurate about what you are doing with the data you handle.
Beware of the punter

Beware of the punter

Trevor Punt, managing director of TBG Group, on the rise of the stereotypical punter and the need for nerves of steel.
Peer to peer

Peer to peer

Will Broadfoot, director of Footfall Events & Marketing on unlocking exhibitor potential and improving participation.