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Global Exhibition Industry Says Turnover Finally Bottomed Out
July 15, 2010
Even though the majority of respondents in UFI’s Barometer Survey of the global exhibition industry confirm that business is still suffering, the belief is that the decrease in turnover since the start of the global financial crisis has at last bottomed out. Companies are projecting an increase in turnover during 2010.
The survey points out significant regional differences. While survey respondents from the Asia/Pacific region appeared hardest hit in 2008, their turnover spiral had bottomed out by the end of 2009. Seventy-six per cent in the region are looking forward to a turnover increase in the first half of 2010. Asia/Pacific is the only region where a majority of respondents expect an increase by more than 10 per cent of their 2010 annual profit compared to 2008 (54 per cent) and also consider that the impact of the economic crisis is over (58 per cent).
Almost one respondent out of two in the Americas expect their 2010 annual profit to increase by more than 10 per cent compared to 2009, and at the same time expect it to remain stable compared to 2008. Sixty-two per cent of those surveyed believe that the impact of the economic crisis will continue to be felt until 2011.
The Middle East/Africa region appears to be less severely hit than other regions. Most companies declared a stable 2010 annual profit when compared to that of 2008 or 2009.
Surveyed organizations were asked to identify the three most important issues for their business in the year ahead. The state of the national/regional economy, global economic uncertainty, and internal management issues ranked the top three issues respectively.
UFI is a global association of tradeshow organizers and exhibition centre operators.
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