UK events industry increases value to £24.6bn

Twitter Facebook Google+ LinkedIn
New figures revealed to EN by the Business Visits and Events Partnership (BVEP) show an increased value of £24.6bn for the wider UK tourism (business and leisure) and events industry. BVEP chairman Michael Hirst says the new figure, more than £2bn up on previous estimates, was collated from the various industry sub-sectors, and is possibly “an estimate on the low side”. Trade fairs and exhibitions contribute £9.3bn of the total new value. The new data estimates UK conferences and meetings to be worth £7.2bn, the incentives market £1.2bn and corporate hospitality £1.1bn. Figures given for outdoor events and festivals, respectively, are £1bn and £1.1bn. Hirst describes the £2.3bn value put on sports events as “massive” and says 25,000 businesses are now active in the UK events industry, with 513,000 employed in it on a full-time basis. The BVEP is to publish a major briefing document in time for a parliamentary reception for MPs it is organising at the House of Commons on 20 October. “The event will be part of the continuing elevated campaign by the events sector to raise profile,” says Hirst, who expects up to 150 MPs to attend. “They will all receive a prospectus post-general election outlining the strength of the sector and value to the economy.” The BVEP chairman says there is support for the initiative from shadow tourism minister Tobias Elwood and Labour’s Margaret Hodge.
Twitter Facebook Google+ LinkedIn

Related Stories

Elsewhere on EN

Fast Forward 15 encourages future female talent to apply

Fast Forward 15 encourages future female talent to apply

Industry initiative Fast Forward 15 is looking for its third intake of mentees.
ESSA partners with Department for International Trade

ESSA partners with Department for International Trade

The Event Supplier and Services Association (ESSA) has announced it has entered into a partnership with the Department for International Trade (DIT) aimed at giving members resources for overseas trading.
Hiring companies announced for The Eventice

Hiring companies announced for The Eventice

Apprentice-style competition The Eventice has announced that Bluehat Group, Artexis Easyfairs and Identity Group will be offering event industry roles to the winners.

WATCH THE EN AWARDS 2016 HIGHLIGHTS


silverstream.tv

Most read Stories

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.
And the Show category finalists are...

And the Show category finalists are...

The final shortlist group for this year’s EN Awards has been announced, including Best Consumer Show Marketing Campaign, Best Brand Expansion and Best Trade Show.

Latest Features

The art of brewing

The art of brewing

If you’re having a dry January, look away. Thirsty ale lovers read on for a taste of the upcoming Manchester Beer and Cider Festival.
Last Word with Ed Tranter

Last Word with Ed Tranter

The managing director of MA Exhibitions on his ocean blue Gibson Les Paul, wanting a licence to kill and being pen pals with the Queen.
My Working Life by Thomas Standley

My Working Life by Thomas Standley

The managing director, Technology, CloserStill Media on being an Essex boy with a Suffolk twist, his love of cooking and having a potty mouth.

Latest Galleries

London Boat Show 2017

London Boat Show 2017

Award-winning British actress Joanna Lumley OBE was on hand when the London Boat Show officially opened to crowds at ExCeL London.
NHM’s last dance with Dippy

NHM’s last dance with Dippy

The Natural History Museum hosted a New Year celebration for 600 revellers to make history and be part of the final event with the iconic Dippy the Diplodocus in the Hintze Hall.
Christmas lunch at ExCeL

Christmas lunch at ExCeL

Mash Media, ExCeL London and Brand Events came together with other industry bodies to host a festive lunch across East End London for Newham communities.

Latest Opinions

10 years in the making

10 years in the making

As the association has gone from strength to strength over the last 10 years, Andrew Harrison, ESSA director talks achievements, expertise and knowledge.
The Dealmaker in January

The Dealmaker in January

Steve Monnington of Mayfield Media Strategies runs the rule over the latest global exhibition deals.
‘We are the torchbearers’

‘We are the torchbearers’

Julian Agostini, Mash Media MD, on the importance of sticking to your guns and not making excuses.