CEIR Releases Fifth Annual Index
Exhibition Industry Grows 3.2 Percent in 2007
Dallas (PRWEB) April 8, 2008
The exhibition industry grew 3.2% in 2007, according to the fifth annual Center for Exhibition Industry Research (CEIR) Index report, which provides exhibition industry performance data for 11 key industry sectors. The 2007 industry growth rate was just below the 4.8% gain posted in 2006, but marked the fifth consecutive year of industry expansion and surpassed the 2.2% growth rate for real U. S. Gross Domestic Product (GDP) year-over-year. The gain in 2007 also drove a 2.5% CAGR (compound annual growth rate) increase from 2000-2007, the period covered by this report.
More than 300 events contributed data for this report, and the results show that the exhibition industry is healthy, vibrant and growing. As an objective measure of the annual performance of the exhibition industry, the CEIR Index measures year-over-year changes in four key metrics to determine overall performance: Net Square Feet; Attendees; Exhibitors; and Revenue.
Over the course of the period covered by this report (2000-2007), all four exhibition industry metrics rose on a CAGR basis: Net Square Feet (+3.1%); Revenue (+3.1%); Attendees (+2.0%); and Exhibitors (+1.5%). From 2006 to 2007, Revenue increased 6.8%, followed by 4.9%, 0.9% and 0.3% gains in Attendees, Exhibitors and Net Square Feet, respectively.
From 2006 to 2007, exhibition industry growth was led by the Government, Public and Nonprofit Services sector (+12.6%), while the Building, Construction, Home and Repair sector experienced a slight downturn. Several market sectors drove growth for the industry from 2000 to 2007, including Sports, Travel, Entertainment, Art and Consumer Services (+5.3% CAGR); Transportation (+5.0% CAGR); and Building, Construction, Home and Repair (+4.3% CAGR). Only the Consumer Goods and Retail Trade and Communications and Information Technology sectors decreased on a CAGR basis from 2000 to 2007. The attached chart shows the rankings of sectors from 2000 to 2007 and for 2006 versus 2007.
Veris Consulting, a leading exhibition industry research consultancy, collected the data from the more than 300 events and created the CEIR Index results. The Alfred P. Sloan Foundation Travel & Tourism Industry Center at the University of South Carolina provided economic analysis for the CEIR Index. The Jordan, Edmiston Group, Inc. (JEGI), the leading independent investment banking firm for the media and information industries, provided year-over-year analysis of exhibition performance for the 11 industry sectors covered by this report. Trade Show Executive, an award-winning magazine covering the trade show industry, provided design elements for the final report. Other contributors to the CEIR Index included: American Business Media (ABM); the Exhibition Industry Foundation (EIF); the International Association of Exhibitions and Events (IAEE); the Professional Convention Management Association (PCMA); and the Society of Independent Show Organizers (SISO).
The full report was presented by CEIR President and CEO Douglas L. Ducate, CEM, CMP at the SISO CEO Summit, which was held April 6-8 in St. Petersburg, Florida. The complete CEIR Index can be purchased through CEIR at www. ceir. org.
About CEIR
The Center for Exhibition Industry Research (CEIR) serves to advance the growth, awareness and value of exhibitions and other face-to-face marketing events by producing and delivering research-based knowledge tools that enable stakeholder organizations to enhance their ability to meet current and emerging customer needs, improve their business performance and strengthen their competitive position. For additional information, visit www. ceir. org.
About JEGI
JEGI of New York, NY is the leading independent investment banking firm for the media and information industries. The firm has represented clients in the sale of nearly 1,000 events since 2000, including B2B trade shows/exhibitions and conferences, consumer and association shows, and custom events. Recently, JEGI represented dmg world media in its acquisition of the remaining 51% interest in George Little Management for $155 million and Gartner in the sale of its Vision Events to CMP (United Business Media). For more information, visit www. jegi. com.
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