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CONFERENCING AND EVENTS - UK - SEPTEMBER 2018

Published By :

Mintel

Published Date : Sep 2018

Category :

Industry Profile

No. of Pages : N/A

The conferencing and events market maintained growth in 2017 despite difficult trading conditions. Whilst the value of the industry is expected to continue along a positive trajectory, the market is likely to face increased pressure over the coming years as operators await the outcome of Brexit negotiations.

Table of contents
OVERVIEW
What you need to know
Covered in this Report
EXECUTIVE SUMMARY
The market
Market value continues resilient growth in 2017
Figure 1: UK Conferencing and events market value and forecast, £ billion, 2013-22
Market segmentation
Companies and brands
Series of new acquisitions
What we think
ISSUES AND INSIGHTS
Ongoing uncertainty pressures around Brexit
The facts
The implications
Increasing implementation of technology
The facts
The implications
THE MARKET – WHAT YOU NEED TO KNOW
Market maintains growth alongside stubborn GDP
Growth well-distributed across market, though conferences and meetings lose further ground
Market forecast to maintain stubborn growth despite uncertainty
MARKET SIZE
Market value continues consecutive growth
Figure 2: UK conferencing and events market value, £ billion, 2013-17
GDP maintains stubborn growth
Figure 3: Gross Domestic Product, £ million, Q1 2015-Q1 2018
MARKET SEGMENTATION
Conferences and meetings sector retains dominance despite losing market share
Figure 4: Conferencing and events market segmentation, £ billion, 2017
Conferences and meetings continue to decline, though this slowed in 2017
Figure 5: Conferences and meetings, £ billion, 2013-17
Exhibitions and trade fairs continue strong growth
Figure 6: Exhibitions and trade fairs, £ billion, 2013-17
Sporting events enjoys another increase in demand
Figure 7: Sporting events, £ billion, 2013-17
Music events rose in popularity over the past year
Figure 8: Music events, £ billion, 2013-17
Figure 9: UK music concerts and festivals market value, £ million, 2014-18
Incentive travel and performance improvement
Figure 10: Incentive travel and performance improvement, £ billion, 2013-17
Corporate hospitality and corporate events
Figure 11: Corporate hospitality and corporate events, £ billion, 2013-17
Outdoor events
Figure 12: Outdoor events, £ billion, 2013-17
Festivals and cultural events
Figure 13: Festivals and cultural events, £ billion, 2013-17
MARKET FORECAST
Growth forecast to continue, though subdued by uncertainty
Figure 14: UK conferencing and events market forecast, £ billion, 2018-22
Conferences and meetings set to recover growth
Figure 15: Conferencing and events market segmentation forecast, £ billion, 2018-22
Music events to remain at forefront of industry growth
Figure 16: UK music concerts and festivals market forecast, £ million, 2018-22
MARKET TRENDS
The UK business landscape
Figure 17: UK business investment, £ million, Q1 2015-Q1 2018
Consumer confidence continues to fluctuate
Figure 18: UK Business confidence index, Q3 2012-Q3 2018
Growth in leisure
Figure 19: UK Leisure industry market value, £ million, 2013-17
Consumer confidence picks up but remains uncertain
Figure 20: Mintel financial confidence tracker, % of respondents, January 2016-April 2018
MARKET DRIVERS
The experience economy
New technologies
COMPANIES AND BRANDS – WHAT YOU NEED TO KNOW
Wave of acquisitions
Well distributed marketplace
Increased investment in technology
INDUSTRY STRUCTURE
Changes in the structure of the industry
Figure 21: Analysis of the changes in the structure of the conferencing and events industry, number of outlets and businesses, 2013-17
Structure by employment
Figure 22: Analysis of the employment structure of the conferencing and events industry, 2016 and 2017
Structure by turnover
Figure 23: Analysis of the financial structure of the conferencing and events industry, £'000 and number of businesses, 2016 and 2017
COMPANY PROFILES
Chillisauce Ltd
Recent company activity
Financial information
Figure 24: Financial analysis of Chillisauce, £'000, 2013-17
DMG Events (UK)
Recent company activity
Financial information
Figure 25: Financial analysis of DMG Events (UK), £'000, 2013-17
I.I.R Ltd
Recent company activity
Financial information
Figure 26: Financial analysis of I.I.R Ltd, £'000, 2012-16
ITE Group Plc
ITE Events
Recent company activity
Financial information
Figure 27: Financial analysis of ITE Group, £ million, 2013-17
Reed Exhibitions Ltd
Recent company activity
Financial information
Figure 28: Financial analysis of Reed Exhibitions, £'000, 2012-16
APPENDIX – DATA SOURCES, ABBREVIATIONS AND SUPPORTING INFORMATION
Abbreviations
Methodology
FURTHER SOURCES AND CONTACTS
Trade associations
Association of British Professional Conference Organisers (ABPCO)
Association of Events Organisers (AEO)
The Association of Festival Organisers (AFO)
Business Visits & Events Partnership (BVEP)
Meetings Industry Association
National Outdoor Events Association (NOEA)
Trade magazines
Meetpie

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