Asia Exhibition Industry Continues a Strong Growth Momentum
July 29, 2015
UFI, the global association of the exhibition industry, has just released the 11th edition of The Trade Fair Industry in Asia.
The report reveals that net space sold in Asia grew by 6.8 percet in 2014.
BSG’s research shows that 18.6 million m2 of space was sold by exhibition organisers to their clients in Asia in 2014.
This represents growth of total net space sold in 2014 of 6.8 percent - rising from 17,453,000 m2 in 2013 to 18,641,750 m2.
The growth is similar to the 6.6 percent recorded in 2013. Of that total, more than 56 percent was sold in China and 11 percent in Japan.
Among the more than 2,100 trade fairs included in the study, more than 600 were held in mainland China, compared with 338 in Japan the second largest market.
Southeast Asia markets performed well once again in 2014. Space sold in Indonesia increased by 9.2 percent, the Philippines by 8.8 percent and Thailand by 8.6 percent.
One of the region’s smallest exhibition markets, Macau, was the top performer in 2014 as net space sold there increased from 143,000 m2 to 197,500 m2. Several of the larger markets also posted above average growth. Space sold in China was up 7.4 percent, India by 7.6 percent, Taiwan by 8.8 percent and Korea by 8.2 percent.
In 2015, BSG is forecasting regional growth in the Asian trade fair industry of 5.2 percent year-on-year measured in terms of net space sales.
Trade fair markets in Southeast Asia are expected to perform well again in 2015 and the market in China is expected to remain resilient.
This research was once again undertaken for UFI by Business Strategies Group (BSG).
UFI members are entitled to receive a four page executive summary of the research and to purchase the full report at a substantial discount. For more information on this study, please contact UFI in Asia at: asia@ufi.org.
Partner Voices
Dallas already boasts 35,000 hotel rooms, award-winning global cuisine, and a walkable downtown. But we are just getting started.
Visit Dallas is thrilled to announce that the city of Dallas is doubling down with a massive new convention center and entertainment district. Featuring 800,000 square feet of exhibit area, 260,000 square feet of meeting rooms, and 170,000 square feet of ballroom. The center will connect business travelers with dining and shopping options in the popular Cedars District means more places to get down to business, and even more ways to unwind.
“Dallas is already a great meetings and conventions destination, with the accessibility of two major airports, affordable labor, and an outstanding hotel product,” said D. Bradley Kent, Visit Dallas senior vice president and chief sales officer. “The new center and Convention Center District will enhance Dallas’ competitive position and are exactly what our customers’ need and have been asking for."
What’s New – AT&T Discovery District
Located in the heart of Downtown Dallas, this new district on the AT&T corporate campus is tailor-made for groups of all sizes. It boasts a multi-sensory experience, including outdoor event space, the AT&T Theater, and multiple dining outlets including JAXON Beer Garden and The Exchange, a bustling food hall.
Hotels Coming Soon
Names like the JW Marriott (Downtown), lnterContinental Dallas (Uptown), and Hotel Swexan (Uptown) are adding luxury amenities and bountiful event spaces. The projects will debut in 2023 and beyond.
JW Marriott
This new, 15-story, 283-room hotel will open in the heart of the city’s downtown Arts District this year. The property features a 25,000-square-foot grand ballroom, as well as a spa, restaurant, lobby bar, fitness center, and a rooftop pool deck and bar.
InterContinental Dallas
Located in Cityplace Tower in Uptown, InterContinental Dallas will feature sweeping panoramic views of the Dallas skyline. Guests will enjoy spacious, high-end rooms and amenities, including more than 21,000 square feet of event space.
Hotel Swexan
Hotel Swexan, a new, 22-story luxury property, is rising in Uptown’s Harwood District and will make its mark on the Dallas skyline. Opening this year, it is a sculptural building with cantilevered upper floors, as well as a 75-foot rooftop infinity-edge swimming pool and a hidden underground lounge.
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