The exhibition industry is alive and well in Asia. According to a new report by UFI, the Global Association of the Exhibition Industry, Asia's exhibition industry grew by 8.7 percent in 2008 as compared to 2007.
China led the way with 14 percent growth. More than half of the exhibition space sold in Asia last year was in fact purchased in China. Smaller destinations also showed impressive growth, such as Macau with a 69 percent increase in square feet sold, Taiwan with a 26 percent increase, and Vietnam with a 24 percent increase.
Revenue from tradeshows jumped up six percent from 2007, reaching $3.45 billion.
As I've blogged before, it's been a completely different story in the United States, where the exhibition industry saw market declines in 2008. Plus, tradeshow industry performance already saw a nearly 12 percent dropped in Q1 2009.
Although I haven't seen any similar early 2009 data for Asian markets, I have blogged about how experts believe that emerging markets, such as China, will likely be the first to see growth after the down economy. So it's very possible that Asia will continue to hold strong. Either way, it should be interesting to see what the future holds.
China led the way with 14 percent growth. More than half of the exhibition space sold in Asia last year was in fact purchased in China. Smaller destinations also showed impressive growth, such as Macau with a 69 percent increase in square feet sold, Taiwan with a 26 percent increase, and Vietnam with a 24 percent increase.
Revenue from tradeshows jumped up six percent from 2007, reaching $3.45 billion.
As I've blogged before, it's been a completely different story in the United States, where the exhibition industry saw market declines in 2008. Plus, tradeshow industry performance already saw a nearly 12 percent dropped in Q1 2009.
Although I haven't seen any similar early 2009 data for Asian markets, I have blogged about how experts believe that emerging markets, such as China, will likely be the first to see growth after the down economy. So it's very possible that Asia will continue to hold strong. Either way, it should be interesting to see what the future holds.
The city of Nashville and its Metropolitan Development and Housing Agency is wasting no time on getting started the new downtown
U.S. President Barack Obama signed a historic anti-smoking bill yesterday in the hopes that it will help the millions of Americans finally kick the habit. The new law gives the U.S. Food and Drug Administration the power to regulate tobacco just like it regulates all the other products consumed by the public.
Austrian capital city Vienna has a long history in hosting meetings and events. It famously hosted the Congress of Vienna peace talks in 1815, and in more recent decades has welcomed prestigious organizations such as OPEC and the United Nations. Not surprisingly, Vienna has consistently ranked at the top of the world's most popular cities for meetings list, compiled by the International Congress & Convention Association (ICCA).
How many off-site meetings are you booking this year and next? According to a new survey of professional meeting planners conducted by the Professional Convention Management Association (PCMA), American Express and the Y Partnership, over half of planners say they expect the total number of meetings booked/hosted in 2009 and 2010 will increase (9 percent) or stay the same (47 percent). About 44 percent they expected the number to decrease.
Eliminating meetings, canceling conferences—how much does it all cost? Billions of dollars, according to the report "The Meetings Market: Outlook 2009/2010," conducted by the Professional Convention Management Association, American Express and the Y Partnership.
President Obama made headlines in February when he said, "You can’t go take a
