Trade Show Executive magazine’s Post

The global exhibition industry is on track to achieve record revenues this year, according to UFI, The Global Association of the Exhibition Industry’s latest Global Exhibition Barometer flagship industry report. Released on August 8, the 33rd edition of UFI’s bi-annual report's results confirm UFI’s early data from its January report showing 2024 to be a record year for global industry revenues, according to Kai Hattendorf, UFI managing director and CEO. “This edition shows how this growth translates into new jobs in our sector as well as in expansion plans from the majority of businesses—aiming both at new business activities as well as new geographies,” Hattendorf said. “Against a complex global backdrop, the global exhibition industry is bullish about its short and mid-term prospects.” Go here to read TSNN's 6 takeaways from the report: https://lnkd.in/enunwJvA #tradeshow #tradeshows #eventprofs

Great news for the exhibition industry! GLOBAL EXHIBITION MARKET VALUE PREDICTED TO SURPASS 2019 LEVELS BY 2024. Following the global shutdown of the exhibition industry due to the COVID pandemic,19 of the world’s largest exhibitions markets are experiencing a robust recovery and are poised to surpass their 2019 size by 7% by 2024, according to the latest projections from Globex 2023, the exhibition industry’s annual report published by Stax. Now in its 15th edition, Globex – the global exhibition organizing market: assessment and forecast to 2025 – analyzed 19 markets, including the U.S., China, U.K., Germany, France, Italy, Brazil, the Gulf Cooperation Council (GCC), Hong Kong, Turkey, Mexico, India, Indonesia, Singapore, Thailand, Malaysia, Vietnam, Macau and the Philippines. These 19 markets are expected to be valued at $26.5 billion in 2023, down 5% from $28.0 billion in 2019, according to Stax, a global management consulting firm serving corporate and private equity clients. The exhibitions market is projected to reach $30 billion by 2024 and $32.5 billion by 2025, according to Stax, which acquired AMR International, a strategy consulting company for the events industry that launched the Globex report, in 2022. Report courtesy: TSNN #tradeshows #tradefairs #exhibitions #exhibitionindustry #exhibitionsuccess #tradefairs2024

Great news for the exhibition industry! GLOBAL EXHIBITION MARKET VALUE PREDICTED TO SURPASS 2019 LEVELS BY 2024. Following the global shutdown of the exhibition industry due to the COVID pandemic,19 of the world’s largest exhibitions markets are experiencing a robust recovery and are poised to surpass their 2019 size by 7% by 2024, according to the latest projections from Globex 2023, the exhibition industry’s annual report published by Stax. Now in its 15th edition, Globex – the global exhibition organizing market: assessment and forecast to 2025 – analyzed 19 markets, including the U.S., China, U.K., Germany, France, Italy, Brazil, the Gulf Cooperation Council (GCC), Hong Kong, Turkey, Mexico, India, Indonesia, Singapore, Thailand, Malaysia, Vietnam, Macau and the Philippines. These 19 markets are expected to be valued at $26.5 billion in 2023, down 5% from $28.0 billion in 2019, according to Stax, a global management consulting firm serving corporate and private equity clients. The exhibitions market is projected to reach $30 billion by 2024 and $32.5 billion by 2025, according to Stax, which acquired AMR International, a strategy consulting company for the events industry that launched the Globex report, in 2022. Report courtesy: TSNN #tradeshows #tradefairs #exhibitions #exhibitionindustry #exhibitionsuccess #tradefairs2024

Data now released by UFI, The Global Association of the Exhibition Industry, identifies the status of the European exhibition market in 17 countries, including Greece for the first time. The certified data is gathered by a network of 12 collaborating industry bodies from across the continent. “This new edition of the annual Euro Fair Statistics report contains data for more exhibitions than in previous years, highlighting the bounce back of exhibitions after Covid-19. It is also interesting to notice that less than 2% of them are ‘hybrid’ events, allowing online visitors. UFI thanks all the national bodies that participate in this report by providing their certified data.” says Kai Hattendorf, UFI CEO. Read the full news here: https://lnkd.in/gfzRa_N2 Adeline Vancauwelaert Raghav Khosla Tarang Khosla Dharam Dutt Follow Association and Corporate Buzz Media for latest industry updates. #UFI #ExhibitionIndustry #EuroFairStatistics #EventMarketing #TradeShows #HybridEvents #ExhibitionTrends #PostCovidRecovery #MarketData #EventProfessionals #ExhibitionInsights #Greece #IndustryReport #Networking #BusinessEvents

What is the outlook for events and exhibitions in 2024 and beyond? Post-pandemic, we’ve already seen a significant uplift in events – and according to a new report from UFI, 2024 is set to be just as promising. In fact, over the next 12 months, the industry is expected to witness a 15% increase in revenues, with 52% of events companies looking to expand their workforce. That’s just scraping the surface of what 2024 has in store for events and exhibitions. Get the full lowdown here ➡️ https://lnkd.in/dPRt9z5b #events #exhibitions #eventsindustry #eventmanagement #eventtech

✨NEW BLOG✨ Despite facing COVID challenges for the past several years, the exhibitions industry is gearing up for a significant rebound in 2024. Read more on our blog 👉️ https://lnkd.in/gdjRZZxT. #WeAreE3 #Blog #TradeShow

Not seeing results at exhibitions? Let's turn things around. Connect with Sensations Worldwide today for expert guidance. #exhibitionindustry #b2bexhibitions #exhibitions #brandspresence #strategicapproach #sensationsgroup #sensationsworldwide

This year GUYEXPO, the largest trade show in Guyana and the longest sustained exhibition in the Caribbean, is expected to attract some 100,000 patrons and 250 booths. This is a notable increase from last year’s 80,000 attendees and 200 exhibitors. Pointing out that Guyana has been on an impressive economic trajectory, with over 49 per cent growth recorded this year alone, Minister Walrond expressed that it also spans multiple industries. The theme of GUYEXPO aims to reflect this with the variety of businesses anticipated to participate in this year’s exposition. Highlighting the Government’s steadfast commitment to supporting small businesses and investing heavily in their growth and development, Minister Walrond added that the once, small and emerging enterprises have now evolved into viable, thriving entities. GUYEXPO offers these businesses a platform to showcase their achievements, one that, the minister, is proud of.  https://lnkd.in/e9S9ytSt

The U.S. B2B exhibition industry experienced a minor slowdown following a robust Q1 in 2024, according to the CEIR - Center for Exhibition Industry Research Q2 2024 Index, which measures overall exhibition performance by four metrics—exhibitors, attendance, net square footage and real revenues. Due to a modest performance in all four of the CEIR metrics for completed events, the Q2 Index value dropped from 92.3 in Q1 to 87.7 in Q2, compared to 100 in 2019. However, CEIR officials say that while the recovery of the exhibition sector has been an uneven one, the economic environment should support further improvements. What else does the CEIR data reveal? TSNN has curated a list of takeaways from CEIR’s latest Index report. Read more here: https://lnkd.in/eC6b99ee #tradeshow #tradeshows #eventprofs #exhibitions

There is so much data in our just released UFI Global Barometer… we will report on some of the trends on our UFI LinkedIn channel. See below, and follow us there for more updates if you like.