UFI’s Global Barometer Indicates Positive Trade Show Industry Growth

July 27, 2017

In the recently released Global Barometer survey conducted by UFI - The Global Association of the Exhibition Industry, the majority of trade show companies worldwide are showing growth, although geopolitical issues have had in impact in some regions.

The survey also indicated that trade show organizers are more concerned about the state of the national and regional economies, as well as competition from within the industry, rather than expanding their businesses globally.

Nearly three-quarters of trade show organizers surveyed in the Asia/Pacific and Europe indicated they saw a positive turnover for the two halves of 2017 and the first half of 2018.

In the Americas and Middle East/Africa, however, the results were not as high, with on average for the three periods, 66 percent of respondents in the Americas and 58 percent of respondents in Middle East/Africa reporting increases in turnover.

“The optimism already outlined in the survey conducted six months ago remains valid, with a series of positive signs in most markets,” said Kai Hattendorf, UFI Managing Director/CEO.

When asked about their top business issues, the “state of the national/regional economy” was considered most important, with 25 percent of all respondents naming this as a top business issue, and also most major exhibition markets.

It scored the highest in South Africa (34 percent) and Brazil (33 percent).

“Competition from within the industry” was considered a top business issue by 21 percent of survey respondents, being rated as the No. 1 priority in Thailand (32 percent) and India (26 percent). 

Companies indicated that “global economic development” was less important than it had been in previous surveys, with 20 percent of respondents naming this as a top issue.

This issue remains the top priority in Germany (31 percent) and China (26 percent). 

Regarding additional top issues, “internal challenges” and “impact of digitization” take the next two places. Within digitization, is it noteworthy that – compared to the results from summer 2016 – the share of companies citing “new digital products” as a major topic has grown from 36 percent to 61 percent. 

With digitization accelerating in businesses around the world, this edition of the Global Barometer also focuses on the state of digital activity in the exhibition industry, providing for the first time ever an overview of activities in this field on a global level.

Results show that the majority of companies have responded to the accelerating process of digitization in the exhibition industry.

The U.K., Germany, China, and the U.S. are identified as the exhibition markets who are currently most active in the digital transformation process.

Two out of three survey participants reported that they have added digital services/products (like apps, digital advertising, digital signage) around existing exhibitions.

This is the norm already in Germany (100 percent of respondents), and is also widely established in Brazil (82 percent) as well as in the U.S., Russia and Thailand (73 percent each). 

The companies in the exhibition industry are digitizing themselves as well: Globally, 55 percent stated that they have changed internal processes and workflows to be more digital. The most advanced exhibition markets here are Thailand (73 percent), China (71 percent) and Germany (69 percent).

One in four companies participating in the survey reported that they have developed a digital transformation strategy for the whole company, with Mexico (58 percent) and the U.S. (45 percent) leading. 

One in five companies has created a designated function (like a Chief Digital Officer) in the upper/top management – led here by China (33 percent) and Germany (31 percent). 

Finally, also one in five survey participants stated that they have launched digital products not directly related to existing exhibitions – a development especially visible in the U.K. (50 percent) and the U.S. (36 percent).

This latest edition of UFI’s semi-annual industry survey was concluded in July 2017 and includes data from 257 companies in 56 countries. 

The study delivers outlooks and analysis for ten major markets: Brazil, China, Germany, India, Mexico, Russia, South Africa, Thailand, the UK and the US. In addition, four aggregated regional zones have been analyzed.

“We are happy to welcome IEIA, the Indian Exhibition Industry Association, as the 9th research partner for the Global Barometer. This has already enabled us to add a new country profile for this growth market to the research results,” Hattendorf said.

In line with UFI’s objective to provide vital data and best practices to the entire exhibition industry, the full results can be downloaded at www.ufi.org/research.

The next UFI Global Barometer Survey will be conducted in December 2017. 

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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.