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  • Informa has reportedly struck a deal to acquire UBM for about $5.2 billion. Informa has until Feb. 13 to produce the formal offer.
  • Visit Indy says Indianapolis will not expand the Indiana Convention Center but will pursue plans for a new hotel with a ballroom next door.
  • The RV Industry Association has pulled the plug on the National RV Trade Show and will launch a new event with a refined focus in 2019.
  • Organizers of the Fresno Food Expo renewed their registration contract with CompuSystems for the July event.
  • Hannover Fairs USA will launch the DOMOTEX USA floor-coverings show Feb. 28-March 2, 2019, at the Georgia World Congress Center in Atlanta.
  • RSAV has acquired Lanham, Md.-based Hargrove, Inc, expanding PSAV’s presence in the trade show industry. The power outage that disrupted CES
  • Groundbreaking for Phase II of the Las Vegas Convention Center expansion took place Jan. 8, adding about 1.4 million square feet by 2021.
  • CES set a new show record of 2.75 million nsf of exhibit space when it opened Jan. 9, topping the 2017 record
  • Visit KC is looking for a new President and CEO because Ronnie Burt will step down Jan. 31 after settlement of a lawsuit.

CEIR: Q3 Stumble for Exhibitions Industry

Hil Anderson
, Senior Editor
December 12, 2017
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Dallas — The exhibitions industry stalled late this summer with overall performance drifting (0.7)% lower in the Third Quarter, according to the Center for Exhibition Industry Research (CEIR).

The latest CEIR Total Index released Dec. 7 pointed to a slump on two consumer-oriented show sectors as the primary reason for the decline. CEIR said, however, the dip was not a sign of trouble for the entire industry. “The decline was a temporary setback,” said CEIR Economist Allen Shaw, Chief Economist for Global Economic Consulting Associates, Inc. “The economic fundamentals still point to moderate growth for the exhibition industry.”

The red ink stemmed from softness in the Consumer Goods and Retail Trade (CG) and Sporting Goods, Travel, and Amusement (ST) sectors. CEIR said that culling those two broad sectors from the overall numbers produced a 2.8% increase in Q3 compared to the same period in 2016. CEIR CEO Cathy Breden told Trade Show Executive that the slump appeared linked to ongoing softness in consumer-oriented shows and the lack of data from some b-to-b shows. “Our industry is still forecast to grow through year-end,” said Breden. “The results of the third quarter might appear dire, but keep in mind that without the outliers, the exhibition industry gained 2.8% over a year ago.”

The softer results for Q3 came after a robust 3.1% growth rate in Q2, and compared to a 1.3% increase in Q3 2016. A big question is how the upcoming Q4 results would compare to a flat Q4 2016 marked by a (0.2)% decline. “In looking at performance of the industry cumulatively from Q1 through Q3, all metrics remain in positive territory,” said Shaw. “Even with the negative performance in Q3, the overall Index growth for the first three quarters still achieved a moderate 1.6% growth rate.”

The CEIR Total Index calculates the overall industry’s growth using show metrics reported by show organizers for exhibit space, exhibitors, attendance and show revenues.

Reach Cathy Breden at (972) 687-9201 or cbreden@ceir.org; Allen Shaw at (484) 343-6411 or allens@gecainc.com

 

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