CEIR Releases 2021 Index Report, Hosting State of the U.S. B2B Exhibition Industry Webinar Sept. 30

September 27, 2021

Last week, the Center for Exhibition Industry Research (CEIR) released its 2021 CEIR Index Report, which analyzes the 2020 U.S. B2B exhibition industry’s performance and provides an economic and exhibition industry forecast for the next three years. Released annually, the report is a powerful tool designed to help organizers, service providers and the financial community understand the economics of trade shows, providing the context and insights needed to help inform strategic business decisions. 

Due to the pandemic, CEIR did not produce an Index Report in 2020.

As an objective measure of the exhibition industry’s yearly performance, the CEIR Index Report provides U.S. B2B exhibition industry data across 14 key sectors and measures year-over-year changes in four key metrics: net square feet of exhibit space sold; number of exhibiting companies; professional attendance, and gross event revenues.

“The CEIR Index Report is absolutely essential to the Exhibitions & Conferences Alliance’s (ECA) advocacy work in Washington, D.C. and nationwide,” said Tommy Goodwin, ECA vice president of government affairs. “Each year, the Index has the up-to-date data that we need to demonstrate to federal policymakers that the business-to-business exhibitions industry is an economic engine that drives jobs and commerce from coast to coast.”

The 14 industry sectors covered in the 2021 report include: 

  • Business Services (BZ)
  • Consumer Goods and Services (CG)
  • Discretionary Consumer Goods and Services (CS)
  • Education (ED)
  • Food (FD)
  • Financial, Legal and Real Estate (FN)
  • Government (GV)
  • Building, Construction, Home and Repair (HM)
  • Industrial/Heavy Machinery and Finished Business Inputs (ID)
  • Communications and Information Technology (IT)
  • Medical and Health Care (MD)
  • Raw Materials and Science (RM)
  • Sporting Goods, Travel and Entertainment (ST)
  • Transportation (TX)

 A CEIR Index Report forecast update was presented at the recent CEIR Predict conference, held Sept. 13-14 at the MGM National Harbor in Oxon Hill, Md. Focused on the impact of the COVID-19 pandemic on the exhibition industry thus far, the conference provided a post-pandemic outlook and possible scenarios for the next three years. 

“In the baseline scenario, the impact of COVID-19 diminishes and the exhibition industry should see a dramatic rebound in 2022, exceeding 100% year-over-year increases in all 14 sectors, albeit from a low base in 2021,” explained CEIR Economist Dr. Allen Shaw, chief economist for Global Economic Consulting Associates, Inc. “By the end of 2023, the exhibition industry is expected to fully recover. Nonetheless, performance by sector will diverge depending on its secular (long-term) trends and underlying macroeconomic conditions.”

To watch a video of key insights from that presentation, go here.

The 2021 report comes following a challenging 20 months that have left the trade show industry in a lingering state of uncertainty. 

“Exhibition organizers have demonstrated through health and safety measures that our events can be safely held,” said Cathy Breden, CEO of CEIR. “It is through data gathered for the Index that CEIR is able to generate economic impact figures related to the U.S. GDP. This economic impact of the exhibition industry is important for telling our story on the effect of shows on the U.S. economy.” 

To purchase the complete 2021 CEIR Index Report as well as individual sector reports, go here.

To take a deeper dive into the report’s findings and insights, CEIR will be hosting a webinar titled “Gain Latest Insights on the State of the U.S. B2B Exhibition Industry: How to Compare Your Event’s Performance to Industry Benchmarks.” Set for Sept. 30 at 1 p.m. ET, the hour-long event will be moderated by Breden and feature presentations by Nancy Drapeau, CEIR’s vice president of research, and Dr. Shaw. 

Designed for B2B exhibition organizers and executives but open to all industry professionals, this engaging and interactive session will not only explore the report’s latest forecast analysis and how to interpret the results, but also how to use CEIR’s new and improved Event Analyzer tool, which enables organizers to see how their events compare to industry benchmarks. 

Topics covered in the webinar will include:

An overview of the state of the U.S. B2B exhibition industry:

  • Performance in the first half of 2021
  • Updated forecast outlook through 2023

Details on the updated Event Performance Analyzer tool:

  • How this tool is much easier to use – less data needs to be entered
  • Understand which industry benchmark charts are available at no cost
  • Unlock premium content

 A recording of the webinar will be available on the CEIR Webinars page within 24 hours. To learn more and to register, go here.

 

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Partner Voices
Less than six months ago, Lisa Messina joined the Las Vegas Convention and Visitors Authority (LVCVA) as the first-ever chief sales officer after leading the sales team at Caesars Entertainment. A 12-year Las Vegas resident, Messina is a graduate of Cornell University’s School of Hotel Administration and serves on MPI International’s board of directors. TSNN had a chance to catch up with this dynamic leader and talk to her about her vision for the new role, current shifts in the trade show industry, creating more diversity and equity within the organization, and advice to future female leaders. Lisa Messina, Chief Sales Officer, LVCVA With Las Vegas becoming The Greatest Arena on EarthTM, what are some of the things you’re most excited about in your role? Our team was at The Big Game’s handoff ceremony earlier this month, and I couldn’t help but think, “We’re going to crush it next year!”  These high-profile events and venues not only drive excitement, but also provide unmatched opportunities for event planners. Allegiant Stadium hosts events from 10 to 65,000 people and offers on-field experiences. Formula 1 Grand Prix will take place in Las Vegas in November, after the year-one F1 race, the four-story paddock building will be available for buyouts and will also offer daily ride-along experiences that will be available for groups. And, of course, the MSG Sphere officially announced that it will open in September, ahead of schedule, with a U2 residency. It’s going to be the most technologically advanced venue as far as lighting, sound, feel, and even scent, and it will be available for buyouts and next-level sponsorships inside and outside. There’s no ceiling to what you can do when you’re doing events in Las Vegas.  Allegiant Stadium As the trade show and convention business returns to the pre-pandemic levels, what shifts are you noticing and how do you think they will impact the industry going forward? Our trade show organizers are very focused on driving customer experience. Most of our organizers are reporting stronger exhibitor numbers and increased numbers of new exhibitors, with trade shows proving to be almost or above 2019 levels. Now our organizers are really doubling down on driving attendance and focusing on the data to provide that individualized, customized experience to help attendees meet their goals and get the best value. Some companies continue to be cautiously optimistic with their organizational spend when it comes to sending attendees, but I think it will continue to improve. As the U.S. Travel Association makes more progress on the U.S. visa situation, we also expect a growing influx of international attendees. What are some innovative ways the LVCVA helps trade show and convention organizers deliver the most value for their events? We focus on customer experience in the same way that trade show organizers are thinking about it. We got rave reviews with the West Hall Expansion of the Las Vegas Convention Center (LVCC), so over the next two years, we will be renovating the North and the Central halls, which will include not just the same look and feel, but also the digital experiences that can be leveraged for branding and sponsorship opportunities.  Vegas Loop, the underground transportation system designed by The Boring Company, is also a way we have enhanced the customer experience. Vegas Loop at the LVCC has transported more than 900,000 convention attendees across the campus since its 2021 launch. Last summer, Resorts World and The Boring Company opened the first resort stop at the Resorts World Las Vegas , with plans to expand throughout the resort corridor, including downtown Las Vegas, Allegiant Stadium and Harry Reid International Airport. The LVCVA also purchased the Las Vegas Monorail in 2020, the 3.9-mile-long elevated transportation system that connects eight resorts directly to the convention center campus. This is the only rail system in the world that integrates fares directly into show badges and registration. For trade show organizers, these transportation options mean saving time, money and effort when it comes to moving groups from the hotels to LVCC and around the city. Also, the more we can focus on building the infrastructure around the convention center, the more it supports the customer experience and ultimately supports our trade show organizers. Scheduled to debut in Q4, Fontainebleau Las Vegas will offer 3,700 hotel rooms and 550,000 square feet of meeting and convention space next to LVCC.  What are some of the plans for advancing DEI (diversity, equity and inclusion) within your organization? We’re currently partnering with instead of working with a leading consulting firm, to lay the foundation and create a solid DEI plan and be the leader when it comes to DEI initiatives. The heart of that journey with the consulting firm is also talking to our customers about their strategic approaches to DEI and driving innovation in this space.  What are your favorite ways to recharge? My husband and I have an RV and we’re outdoorsy people. So, while we have over 150,000 world-class hotel rooms and renowned restaurants right outside our doorstep, one of my favorite things to do is get out to Red Rock Canyon, the Valley of Fire, and Lake Mead. Five of the top national parks are within a three-hour drive from Las Vegas, so there’s a lot you can do. We love balancing the energy of Las Vegas with nature, and we’re noticing that a lot of attendees add activities off the Strip when they come here.  Valley of Fire What advice would you give to women following leadership paths in destination marketing? I think it’s about being laser-focused on what you want to accomplish; building a team around you that lifts you and helps you achieve your goals; and being humble and realizing that you do it as a group. No one gets this done alone. Thankfully, there are a lot of women in leadership in this organization, in our customers’ organizations, and in this city that we can be really proud of. We’re a formidable force that is making things happen.   This interview has been edited and condensed. This article is exclusively sponsored by the Las Vegas Convention & Visitors Authority. For more information, visit HERE.