Exhibition News Spring 2023 | Page 7

UFI survey indicates UK industry bouncing
NEWS
“ I am committed to working to improve security measures at public venues and spaces and to delivering this vital legislation to honour Martyn [ Hett ]’ s memory and all of those affected by terrorism .”
Prime Minister Rishi Sunak on Martyn ’ s Law

75 %

Growth of Space- Comm Expo since its 2021 launch

£ 375,000

Annual economic impact of Christmas & Gift Fair on the hospitality trade in the Harrogate district

UFI survey indicates UK industry bouncing

The UK exhibitions industry is bouncing back from Covid-19 and recovering better than many other geographies – the latest research from the global association for the exhibitions industry , UFI , has shown .
The results show that UK exhibitions are performing well but highlight different concerns for organisers here to the rest of the world . The biggest pressure for the UK industry for the coming year was the national economy and global economic pressures , whereas worldwide results prioritised issues within management structures and digitalisation .
The UFI Global Barometer is a bi-annual report analysing market trends and pressures from the global association for the exhibitions industry .
The 30th edition of the survey , concluded in January , and provides insights from 367 companies , across 56 countries and regions . It was conducted in collaboration with 21 UFI member associations .
The report reveals global findings as well as a country-specific breakdown of results .
UK specific results showed UK organisers ’ operating profits were better than 2019 for more than half of UK organisers ( compared to 31 % globally ).
90 % of UK companies told UFI they expected normal levels of operations from June 2023 .
Participating UK companies said revenues were at 104 % of 2019 levels ( compared to Europe 85 % an world 74 %).
The key issues for UK organisers surveyed were cited as the state of the economy in home market and global economic developments followed by internal management challenges and digitisation .

315,000

Tickets sold to Jurassic World : The Exhibition at ExCeL London

104 %

Average revenues for UK exhibition companies compared to 2019

140

Lay offs at virtual events platforms Hubilo and Glisser
Spring — 07