UFI Releases New Report on the Trade Fair Industry in Asia

July 26, 2016

UFI recently released the 12th edition of its annual report on the Trade Fair Industry in Asia, tracking the growth of the exhibition industry in the region. Net space sold at Asian trade fairs jumped by 5.6 percent in 2015 to almost 19.7 million net square meters.

Our research shows that 19.69 million sq. m. of net space was sold by exhibition organizers to their clients in Asia in 2015 – up from 18.64 sq. m. the year before.

Of that total, 56 percent was sold in China – or in terms of net space sold 11.19 million sq. m. That is five and a half times the space sold in Asia’s second largest trade fair market, Japan (2.05 million sq. m.).

India was the fastest growing trade fair market in Asia in 2015 as space sold jumped by 7.8 percent. Southeast Asia continued post strong growth, as the Philippines, Indonesia and Vietnam all grew by - between 7.2 percent and 7.8 percent last year – well above the regional average of 5.6 percent.

Asia’s largest market, China, also posted strong a growth in 2015 of 7.1 percent. Other large markets recorded more modest growth in 2015.

space sold in Korea expanded by 3.7 percent and in Hong Kong by 3.2 percent. The market in Taiwan grew by 2.2 percent. Japan, the perennial weak performer in Asia, recorded growth of just 1.2 percent.

Asia’s venue capacity will exceed 7.8 million sq. m. by the end of 2016 and the number of venues operating in Asia this year will reach 207 – that is more than double the 100 venues that were in operation in 2004 when the first edition of this report was published.

In 2016, China will be home to 108 venues and more than 5.5 million sq. m. of gross indoor capacity. That represents more than 70 percent of total capacity available in the region.

Kai Hattendorf, UFI Managing Director, said, “With this annual report, UFI has been tracking the market developments in this region for more than a decade.  This research serves as a strategic resource for organisers, venues and a variety of exhibition industry stakeholders operating in Asia, as it provides sound and neutral data.”

UFI Asia/Pacific Regional Manager and BSG Managing Director, Mark Cochrane added, “The Asia trade fair industry sold more than 19.6 million m2 in 2015 – an increase of 5.6 percent, compared to the previous year. Asia’s remarkable track record of growth looks likely to continue throughout 2016– confirming Asia as one of the world’s most dynamic and fast growing exhibition markets.”

This report provides detailed information on the development of trade fairs and supporting facilities in 15 markets: Mainland China, Hong Kong, Macau, Australia, India, Indonesia, Japan, South Korea, Malaysia, Pakistan, Philippines, Singapore, Taiwan, Thailand and Vietnam.

The report also includes analysis on actual market performance in 2015 as well as forecasts and commentary on key trends in each market.

The research was once again undertaken for UFI, The Global Association of the Exhibition Industry, by Business Strategies Group (BSG) in Hong Kong. As an added-value service, each UFI member will be entitled to receive an executive summary of the research and to purchase the full report at a discount.

For more information on this study, please contact UFI office in Asia at: UFI Asia/Pacific Office Suite 4114, Hong Kong Plaza, 188 Connaught Road West, Hong Kong Tel: +852 2525 6129 Fax: +852 2525 6171 email: asia@ufi.org

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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.