Table of Contents
Executive Summary
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- The market
- Market value continues resilient growth in 2017
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- Figure 1: UK Conferencing and events market value and forecast, £ billion, 2013-22
- Market segmentation
- Companies and brands
- Series of new acquisitions
- What we think
Issues and Insights
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- Ongoing uncertainty pressures around Brexit
- The facts
- The implications
- Increasing implementation of technology
- The facts
- The implications
The Market – What You Need to Know
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- Market maintains growth alongside stubborn GDP
- Growth well-distributed across market, though conferences and meetings lose further ground
- Market forecast to maintain stubborn growth despite uncertainty
Market Size
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- Market value continues consecutive growth
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- Figure 2: UK conferencing and events market value, £ billion, 2013-17
- GDP maintains stubborn growth
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- Figure 3: Gross Domestic Product, £ million, Q1 2015-Q1 2018
Market Segmentation
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- Conferences and meetings sector retains dominance despite losing market share
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- Figure 4: Conferencing and events market segmentation, £ billion, 2017
- Conferences and meetings continue to decline, though this slowed in 2017
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- Figure 5: Conferences and meetings, £ billion, 2013-17
- Exhibitions and trade fairs continue strong growth
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- Figure 6: Exhibitions and trade fairs, £ billion, 2013-17
- Sporting events enjoys another increase in demand
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- Figure 7: Sporting events, £ billion, 2013-17
- Music events rose in popularity over the past year
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- Figure 8: Music events, £ billion, 2013-17
- Figure 9: UK music concerts and festivals market value, £ million, 2014-18
- Incentive travel and performance improvement
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- Figure 10: Incentive travel and performance improvement, £ billion, 2013-17
- Corporate hospitality and corporate events
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- Figure 11: Corporate hospitality and corporate events, £ billion, 2013-17
- Outdoor events
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- Figure 12: Outdoor events, £ billion, 2013-17
- Festivals and cultural events
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- Figure 13: Festivals and cultural events, £ billion, 2013-17
Market Forecast
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- Growth forecast to continue, though subdued by uncertainty
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- Figure 14: UK conferencing and events market forecast, £ billion, 2018-22
- Conferences and meetings set to recover growth
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- Figure 15: Conferencing and events market segmentation forecast, £ billion, 2018-22
- Music events to remain at forefront of industry growth
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- Figure 16: UK music concerts and festivals market forecast, £ million, 2018-22
Market Trends
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- The UK business landscape
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- Figure 17: UK business investment, £ million, Q1 2015-Q1 2018
- Consumer confidence continues to fluctuate
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- Figure 18: UK Business confidence index, Q3 2012-Q3 2018
- Growth in leisure
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- Figure 19: UK Leisure industry market value, £ million, 2013-17
- Consumer confidence picks up but remains uncertain
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- Figure 20: Mintel financial confidence tracker, % of respondents, January 2016-April 2018
Market Drivers
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- The experience economy
- New technologies
Companies and Brands – What You Need to Know
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- Wave of acquisitions
- Well distributed marketplace
- Increased investment in technology
Industry Structure
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- Changes in the structure of the industry
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- Figure 21: Analysis of the changes in the structure of the conferencing and events industry, number of outlets and businesses, 2013-17
- Structure by employment
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- Figure 22: Analysis of the employment structure of the conferencing and events industry, 2016 and 2017
- Structure by turnover
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- Figure 23: Analysis of the financial structure of the conferencing and events industry, £'000 and number of businesses, 2016 and 2017
Company Profiles
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- Chillisauce Ltd
- Recent company activity
- Financial information
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- Figure 24: Financial analysis of Chillisauce, £'000, 2013-17
- DMG Events (UK)
- Recent company activity
- Financial information
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- Figure 25: Financial analysis of DMG Events (UK), £'000, 2013-17
- I.I.R Ltd
- Recent company activity
- Financial information
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- Figure 26: Financial analysis of I.I.R Ltd, £'000, 2012-16
- ITE Group Plc
- ITE Events
- Recent company activity
- Financial information
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- Figure 27: Financial analysis of ITE Group, £ million, 2013-17
- Reed Exhibitions Ltd
- Recent company activity
- Financial information
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- Figure 28: Financial analysis of Reed Exhibitions, £'000, 2012-16
Appendix – Data Sources, Abbreviations and Supporting Information
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- Abbreviations
- Methodology
Further Sources and Contacts
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- Trade associations
- Association of British Professional Conference Organisers (ABPCO)
- Association of Events Organisers (AEO)
- The Association of Festival Organisers (AFO)
- Business Visits & Events Partnership (BVEP)
- Meetings Industry Association
- National Outdoor Events Association (NOEA)
- Trade magazines
- Meetpie
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