UFI Releases Global Research Reports on Number of Venues, Events, Company's Rentals
December 26, 2011
UFI, the Global Association of Exhibition Industry recently released several exhibition industry research reports detailing not only the number of venues and events worldwide, but also what types of companies are holding the events.
UFI’s 2011 “World Map of Exhibition Venues” identified 1,197 venues, with a minimum of 5,000 square meters of indoor exhibition space. The total number of venues equals 32.6 million sq. m. of gross indoor exhibition space.
This is an increase of 57 venues since 2006, with an overall growth of 3.4 million sq. m. Fifty-four percent of the increase is related to new venues and 46 percent to extensions of existing venues.
China accounts for 46 percent of the global increase, with 69 percent of its increase relating to new venue construction.
Europe and North America, followed by Asia, offer the highest venue capacities in 2011. Fifty -five venues – 36 of them in Europe and 12 in Asia – have indoor exhibition space of more than 100,000 sq. m. each, and five countries, the United States, China, Germany, Italy and France, account for 59 percent of the 2011 total world indoor exhibition space.
Another UFI report tracked the number of events worldwide that have at least 500 net sq. m. of exhibition space.
There were approximately 30,700 exhibitions that took place in 2010, corresponding to 103 million net sq. m. of rented exhibition space.
UFI data shows these events attracted an estimated 2.8 million direct exhibiting companies and more than 260 million visitors.
There also was a shift of 2 percent of the global market share in terms of space rented from Europe to Asia-Pacific Region.
However, the European market, 47 percent of the world total, still is more than double the size of the Asia-Pacific Region, which has 20 percent.
Lastly, UFI research from 2009 and 2010 data indicated that a mere 14 companies rent more than 500,000 net sq. m. of space on a yearly basis and 82 companies rent up to 50,000 sq. m.
Further analysis indicated that, on average, the medium to large companies, those that rented between 200,000 and 500,000 sq. m. per year in 2009 and 2010, performed better than either the smaller companies or the very large ones.
For more information on the UFI research, please visit www.ufi.org.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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