The Exhibition and Conference Centres industry has performed moderately well over the past five years. Industry revenue is projected to post 3.5% annualised growth over the five years through 2014-15, to reach $10.8 billion. The global financial crisis caused revenue to plummet during the two years through 2008-09. When the financial crisis hit, business confidence diminished and firms cut back spending on non-essential expenses such as conferences. Improved business confidence over the two years through 2010-11 helped generate renewed demand for corporate events, meetings and conferences.
This industry includes companies involved in organising and hosting exhibitions and conferences. Industry revenue comes from venues (for example, convention centres and hotels) that are hired for events. Revenue also comes from event organisers and is typically generated from venue hire, registration fees, food and beverage sales, and accommodation.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.