Table of Contents
Executive Summary
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- The market
- Market growth is being held back by economic uncertainty
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- Figure 1: UK conferencing and events market value and forecast, £ billion, 2014-23
- Market segmentation
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- Figure 2: UK conferencing and events market segmentation, £ billion, 2018
- Companies and brands
- Growth strategies look to synergise acquisitions with new digital infrastructure
- What we think
Issues and Insights
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- Brexit is having an uneven effect on the sector
- The facts
- The implications
- Digital technology is now instrumental to growth
- The facts
- The implications
The Market – What You Need to Know
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- Market growth is held back by economic uncertainty
- Immediate future is uncertain, but the market retains potential
- Adopting new technologies will be instrumental to future growth
Market Size
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- Market value is upheld by growing demand for leisure activities
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- Figure 3: UK conferencing and events market value, £ billion, 2014-18
- Brexit and US-China trade tensions threaten GDP growth
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- Figure 4: Gross domestic product: % year-on-year growth: chain value measured, seasonally adjusted, 2012-18
Market Segmentation
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- Business segment continues to lose market share
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- Figure 5: Conferencing and events market segmentation, £ billion, 2018
- Conferencing and meetings growth returns but is muted in 2018
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- Figure 6: Conferences and meetings market value, £ billion, 2014-18
- Exhibitions and trade fairs growth slows but remains positive
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- Figure 7: Exhibitions and trade fairs market value, £ billion, 2014-18
- Demand for sporting events remains strong
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- Figure 8: Sports events market value, £ billion, 2014-18
- Music events continue to grow
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- Figure 9: Music events market value, £ billion, 2014-18
- Incentive travel and performance
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- Figure 10: Incentive travel and performance market value, £ billion, 2014-18
- Corporate hospitality and corporate events
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- Figure 11: Corporate hospitality and corporate events market value, £ billion, 2014-18
- Outdoor events
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- Figure 12: Outdoor events market value, £ billion, 2014-18
- Festivals and cultural events
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- Figure 13: Festival and cultural events market value, £ billion, 2014-18
Market Forecast
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- Growth continues to be subdued by uncertainty
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- Figure 14: UK conferencing and events market forecast, £ billion, 2019-23
- Figure 15: Conferencing and events market segmentation forecast, £ billion, 2019-23
- Conferences and meetings decline to continue until Brexit resolution
- Exhibitions and trade fairs dependent on economic outlook
- Sports and music events continue to be strong contributors to growth
Market Trends
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- Brexit shifts focus abroad
- Perspectives on virtual and augmented reality diverge
Market Drivers
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- Brexit-fuelled uncertainty continues to hold back growth
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- Figure 16: UK Business Confidence Index, 2013 Q3 - 2019 Q2
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- Figure 17: UK business investment, £ million, 2015 Q1 – 2019 Q1
- Figure 18: The Financial Confidence Index, Jan 2015-Mar 2019
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- Figure 19: Total spend by UK overseas business visitors, £ billion, 2012-18
- Figure 20: Annual number of UK overseas business visitors (000s), 2012-18
- Meeting the need to provide value by adopting technological solutions
- Augmented reality
- Live conferencing
- Integrating existing digital services
- Utilising digital platforms
Companies and Brands – What You Need to Know
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- Portfolio-driven growth
- Industry structure remains stable
- Previous investments come to fruition
Industry Structure
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- Changes in the structure of the industry
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- Figure 21: Analysis of changes in the structure of the conferencing and events industry, number of outlets and businesses, 2013-18
- Structure by employment
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- Figure 22: Analysis of the employment structure of the conferencing and events industry, 2017 and 2018
- 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 by turnover, 2017 and 2018
Company Profiles
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- DMG Events (UK)
- Recent company activity
- Financial information
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- Figure 24: Financial analysis of DMG Events (UK), £’000, 2013-17
- ITE Group Plc
- Recent company activity
- Financial information
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- Figure 25: Financial analysis of ITE Group Plc, £’m, 2014-18
- Reed Exhibitions Ltd
- Recent company activity
- Financial information
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- Figure 26: Financial analysis of Reed Exhibitions Ltd, £’000, 2013-17
- Smyle Creative Ltd
- Recent company activity
- Financial information
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- Figure 27: Financial analysis of Smyle Creative Ltd, £’000, 2015-18
- Scottish Campus Events Ltd
- Recent company activity
- Financial information
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- Figure 28: Financial analysis of Scottish Event Campus Ltd, £’000, 2013-18
Appendix – Data Sources, Abbreviations and Supporting Information
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- Abbreviations
- Methodology
Further Sources and Contacts
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- Trade associations
- Trade magazines
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