As a trade show organizer, you know that there are four pieces of information that have a serious impact on your job: the number of exhibitors who set up booths, the number of attendees who register, the size of the show floor and of course, the amount of revenue the show delivers to your organization. The Center for Exhibition Industry delivered some great news last week: all these numbers increased in the second quarter.
The growth was quite impressive, too. Overall, CEIR’s Total Index shows that the industry enjoyed a year-over-year gain of 3.8 percent. That’s the second highest rate of growth since the second quarter of 2007.
“The second quarter results are very promising,” Allen Shaw, Ph.D., CEIR Economist and Chief Economist for Global Economic Consulting Associates, Inc., said. “They show that the exhibition industry is on a solid position for robust growth this year.”
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Every Type Of Show Finds Success
When I attended the CEIR Predict Conference last year, most of the numbers looked similar. However, there were certain sectors that were facing big challenges. Most notably, the education and non-profit sector had a fairly bleak forecast. In the second quarter of 2015, though, even this sector is showing promising signs of growth. While there are plenty of debates of school closings and public education budget cuts throughout the country, the education and non-profit sector enjoyed a 4.7 percent increase. Government trade shows, which face plenty of their own budget hurdles, also posted a 2.4 percent increase.
Stay tuned for more new on the state of the exhibition industry. The PCMA.org editorial team will be on-site at CEIR’s Annual Outlook Conference later this month. Be sure to follow us on Twitter for up-to-the-minute insights.