Exhibition Industry Sees Highest Quarterly Increase In Eight Years

Based on strong performances in both the first and second quarters of 2015, the business-to-business exhibition industry is having a very good year, according to a report from the Center for Exhibition Industry Research (CEIR).

During the second quarter of 2015, the industry posted a year-over-year gain of 3.8 percent, which is the second-highest rate since the second quarter of 2007, according to the report. The CEIR uses four metrics to measure performance, all of which posted second-quarter gains: real revenues were up by 6.1 percent; net square feet of space sold was up by 3.6 percent; professional attendance was up by 3.1 percent; and number of exhibitors increased by 2.6 percent.

Another interesting fnding: exhibition industry growth, which is typically slower-paced than the growth of the gross domestic product (GDP), has now outperformed GDP for two straight quarters.

“The second-quarter results are very promising,” said CEIR economist Allen Shaw. “They show that the exhibition industry is on a solid position for robust growth this year.”

(Click on image below to enlarge graph)

 

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